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Incyte vs Penumbra: Which Stock Looks Stronger in 2026?

yte holds the cleaner structural position, with the lead spread across valuation and stability. Penumbra does not offset that deficit through any equally strong structural edge elsewhere. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

This is not just a one-metric split: both valuation and stability materially support the lead. Incyte Corporation leads by 32 points on the overall comparison score.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #4
within Incyte Corporation's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by investment intensity and recent revenue growth.

Similarity drivers
investment intensityrecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
INCY
Incyte Corporation
84
Peer-Score
Signal qualityHigh
vs
PEN
Penumbra, Inc.
52
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: INCY vs PEN Profitability 91 67 Stability 73 45 Valuation 86 25 Growth 83 77 INCY PEN
Gap Ranking
#1 Valuation +61
#2 Stability +28
#3 Profitability +24
#4 Growth +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for INCY and PEN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer INCYPEN Relative valuation Structural strength

Incyte Corporation looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Incyte Corporation ranks near the top of the group on valuation; Penumbra, Inc. sits in the weaker half.
Stability
On stability, the same pattern holds: both are strong, but Incyte Corporation still leads clearly.
Valuation — Dominant Gap
INCY
86
PEN
25
Gap+61in favour of INCY

The multiple-based pricing edge comes from a forward P/E that is 41 turns lower.

What else supports the lead

Stability still reinforces the same direction, which makes the lead look broader across the profile.

What this means for the comparison

The lead is built on both valuation and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the INCY vs PEN comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how INCY and PEN each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.