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WAVE Life SciencesWVE +3.03%59 PS Ratio is 15.94 as of Jul. 15, 2026, which is 34% below its 10-year median of 24.27. GuruFocus rates WVE with a GF Score™ of 59/100 and a GF Value™ of $4.36 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 930 Biotechnology companies, WAVE Life Sciences ranks worse than 61.29% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, WAVE Life Sciences's share price is $6.135.
WAVE Life Sciences's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.39. Hence, WAVE Life Sciences's PS Ratio for today is 15.94.
The historical rank and industry rank for WAVE Life Sciences's PS Ratio or its related term are showing as below:
WVE'
s PS Ratio Range Over the Past 10 Years
Min: 1.47 Med: 24.27 Max: 1906.67
Current: 15.94
During the past 13 years, WAVE Life Sciences's highest PS Ratio was 1906.67. The lowest was 1.47. And the median was 24.27.
WVE's PS Ratio is ranked worse than 61.29% of 930
companies
in the Biotechnology industry
Industry Median: 9.695
vs WVE: 15.94
WAVE Life Sciences Ltd revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of WAVE Life Sciences was -42.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 76.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -1.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 28.20% per year.
During the past 13 years, WAVE Life Sciences's highest 3-Year average Revenue per Share Growth Rate was 228.90% per year. The lowest was -54.00% per year. And the median was 39.70% per year.
Back to Basics: PS Ratio
WAVE Life Sciences (NAS:WVE) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
WAVE Life Sciences PS Ratio Related Terms
WAVE Life Sciences PS Ratio Historical Data
* Premium members only.
The historical data trend for WAVE Life Sciences's PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Biotechnology subindustry, WAVE Life Sciences's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
WAVE Life Sciences PS Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, WAVE Life Sciences's PS Ratio distribution charts can be found below:
* The bar in red indicates where WAVE Life Sciences's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
WAVE Life Sciences's Share Price of today is $6.135. WAVE Life Sciences's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.39.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
WAVE Life Sciences (WVE) has a PS Ratio of 15.94 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on WAVE Life Sciences and its competitors. This is 34% below median its historical median of 24.27. Over the past decade, WAVE Life Sciences' PS Ratio has ranged from 1.47 to 1,906.67. According to the industry distribution chart, WAVE Life Sciences ranks #570 out of 930 companies in the Biotechnology industry, placing it in the top 61.3%.
Is WAVE Life Sciences' PS Ratio too high?
WAVE Life Sciences' current PS Ratio of 15.94 is 34% below median its 10-year median of 24.27. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 1,906.67. The Biotechnology industry median PS Ratio is 9.70. WAVE Life Sciences' value of 15.94 is 64.4% above this industry median. Based on the distribution chart, WAVE Life Sciences ranks #570 out of 930 companies in the Biotechnology industry, which is below the industry midpoint. Overall, WAVE Life Sciences has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WAVE Life Sciences' PS Ratio compare to CGEM and LXRX?
According to the Biotechnology industry distribution chart, WAVE Life Sciences ranks #570 out of 930 companies for PS Ratio. This places WAVE Life Sciences in the lower half of its industry. The industry median PS Ratio is 9.70. WAVE Life Sciences' value of 15.94 is 64.4% above this benchmark. Historically, WAVE Life Sciences' own PS Ratio has ranged from 1.47 to 1,906.67 over the past decade. While the company's 10-year median is 24.27 vs. the industry median of 9.70, WAVE Life Sciences has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Biotechnology company?
The median PS Ratio among Biotechnology companies is 9.70, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WAVE Life Sciences's current PS Ratio of 15.94 is 64.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on WAVE Life Sciences and its competitors. For the Biotechnology industry, the median PS Ratio is 9.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAVE Life Sciences's current PS Ratio is 15.94, which is 34% below median its own 10-year median of 24.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAVE Life Sciences stock overvalued right now?
Based on GuruFocus' analysis, WAVE Life Sciences (WVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.36, compared to a current price of $6.14 — trading 40.7% above its estimated fair value. The current PS Ratio is 15.94, which is 34% below median its 10-year median of 24.27 and 64.4% above the Biotechnology industry median of 9.70. WAVE Life Sciences' overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For WAVE Life Sciences (WVE), the current PS Ratio is 15.94 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is WAVE Life Sciences (WVE) Overvalued in 2026?
Based on GuruFocus' analysis, WAVE Life Sciences stock appears to be overvalued.
The current stock price of $6.14 is trading 40.7% above its estimated GF Value™ of $4.36.
GuruFocus considers WAVE Life Sciences to be Significantly Overvalued.
Key valuation signals for WVE:
PS Ratio: 15.94 (34% below median its 10-year median of 24.27)
GF Value™: $4.36 vs. price of $6.14 (40.7% above fair value)
Industry Position: 64.4% above the Biotechnology median (#570 of 930)
No single metric tells the full story. See the WVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAVE Life Sciences Ltd is a clinical-stage biotechnology company focused on unlocking the broad potential of RNA medicines also known as oligonucleotides, targeting ribonucleic acid (RNA), to transform human health. RNA medicines platform, PRISM, combines multiple modalities, chemistry innovation, and deep insights into human genetics to deliver scientific breakthroughs that treat both rare and prevalent disorders. Its toolkit of RNA-targeting modalities includes RNA editing, antisense silencing, and RNA interference, providing capabilities for designing and sustainably delivering candidates that optimally address disease biology. Its programs are for rare and prevalent diseases, including alpha-1 antitrypsin deficiency, obesity, Duchenne muscular dystrophy, and Huntington's disease.
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