⚠️ Not investment advice. This is a quantitative research tool; every decision is the user's own responsibility. Past performance does not guarantee future results.⚠️ Not investment advice. Past performance does not guarantee future results.
⚠️ Not investment advice. Past performance does not guarantee future results.
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CG Oncology CGON

United StatesHealthcare · BiotechnologyUSD
3.2AI score
Rank 2,054 of 2,130
better than 3% of companies
62.38USD
▲ 44.2% in one year
CGON MSCI World +22.1%
Average analyst target
91.08 USD (+46.0%)
13 analysts
52-wk low 35.80High 80.97
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

CG Oncology is a clinical-stage biopharmaceutical company focused on developing oncology therapies, primarily for bladder cancer, with a business model based on research and development of drug candidates that do not yet generate product revenues.

Key points

from its scores
  • ✓Good share-price trend9.2
  • ✓Favourable backdrop8.4
  • ✕Little or no dividend0.5
  • ✕Little competitive advantage0.7
  • ✕Demanding valuation0.8

AI analysis

bottom line, main risk, context and news
Bottom line

Hold only for investors with high risk tolerance and a long-term horizon, as the current valuation discounts a clinical success that is not yet confirmed.

CG Oncology is a pre-revenue biotech with a very solid cash position (liquidity 22.22) but an operating margin of -7467.68% and an ROIC of -44.64%, reflecting its development stage. The strong stock momentum (67.28% over 12 months) contrasts with the lack of growth and valuation data, making its score depend almost entirely on the clinical and regulatory progress of its lead candidate.

⚠ Main risk

The main risk is the clinical or regulatory failure of its lead oncology candidate, which would leave the valuation without fundamental support as the company has no revenues or approved products.

Context and risks

CG Oncology is a development-stage biotech with no product revenues, a deeply negative operating margin and an ROIC of -44.64%. Its valuation depends on the regulatory approval of its lead oncology candidate, an inherent business model risk of the sector that no financial metric captures. The governance risk of the country of domicile (United States) is moderate, adding a small additional penalty.

Is CG Oncology stock cheap or expensive?

at the analysis date

MultipleCompanySectorDifference
Price / book5.44.1+30%

Sector: median of the 217 Healthcare companies analysed. In bold, the multiples used for the comparison.

Valuation score: 0.8 out of 10 (median for Healthcare: 4.7).

Average analyst target: 91.08 USD, +46.0% versus the price.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy CGONCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiWeak3.7Healthcare median: 6.5
Quality / MoatiPoor0.7Healthcare median: 5.5
ValuationiPoor0.8Healthcare median: 4.7
DividendiPoor0.5Healthcare median: 1.5
MomentumiExcellent9.2Healthcare median: 6.2
Risk & ContextiGood8.4Healthcare median: 7.1
Healthcare median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Healthcare median
EV / EBITDAi
−18.1
Healthcare: 14.5below
ROEi
−26.4%
Healthcare: 10.8%below
Operating margini
−7,467.7%
Healthcare: 15.2%below
Net debt / EBITDAi
4.08
Healthcare: 1.53above
Dividend yieldi
0.0%
Healthcare: 0.0%below
Forward P/Ei
−20.7
Healthcare: 17.5below

Valuation

Forward P/E
−20.7
EV / EBITDA
−18.1
Price / book
5.4
Price / sales
887.8
Market cap
5.5B USD
Enterprise value
4.5B USD

Profitability

ROE
−26.4%
ROA
−17.7%
ROIC (approx.)
−44.6%
Gross margin
0.0%
Operating margin
−7,467.7%
Net margin
0.0%
Free cash flow
−113.7M USD
FCF yield
−2.1%

Solvency

Total debt
8.8M USD
Net debt
−1.0B USD
Cash
1.0B USD
EBITDA
−249.7M USD
Net debt / EBITDA
4.08
Debt / equity
0.86
Current ratio
22.22
Quick ratio
21.78

Growth

EPS (TTM)
−2.69 USD
EPS (forward)
−3.02 USD

Dividend

Dividend yield
0.0%

Risk and market

Beta
0.28
Analyst consensus
none (13)
Target price
91.08 USD
52-week range
35.80 – 80.97

Compare it with its sector

All 217 in Healthcare →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about CG Oncology

Is CG Oncology stock cheap or expensive?

Valuation score: 0.8 out of 10 (median for Healthcare: 4.7). Average analyst target: 91.08 USD, +46.0% versus the price. This is not investment advice.

What score does CG Oncology get on MeridIAn Screener?

It scores 3.2 out of 10, rank 2,054 of 2,130 (better than 3% of the companies analysed). Its strongest category is Momentum (9.2) and its weakest, Dividend (0.5). Analysis of 08/10/2026.

How much is CG Oncology worth on the stock market?

Its market capitalisation is 5.5B USD and its enterprise value, debt included, is 4.5B USD.

How much debt does CG Oncology have?

It has more cash than debt: net cash of 1.0B USD.

Does CG Oncology pay a dividend?

It pays no dividend, or almost none.

How has CG Oncology stock performed over the last year?

It has risen 44.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 35.80 and 80.97 USD. Past performance does not guarantee future results.

What do analysts think of CG Oncology?

13 analysts cover it; their average recommendation is “none” and their average target is 91.08 USD (+46.0% versus the price). It is an estimate, not market data.