Third Harmonic Bio, Inc.

Third Harmonic Bio, Inc.verified

THRD

Price:

$12

Market Cap:

$493.17M

Third Harmonic Bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development of the medicine for the treatment of allergic and inflammatory diseases. It develops THB001, an oral small-molecule KIT inhibitor for the treatment of chronic urticaria, a dermatologic disease driven by mast cell activation that results in red, itchy, painful welts, or hives, as well as for airway and gastrointestinal tract indications. The company was formerly known as Project IGE, Inc. and changed its name to Third Harmonic Bio, Inc. in June 2019. Third Harmonic Bio, Inc. was founded in 2019 and is headquartered in Cambridge, Massachusetts.[Read more]

Industry

Biotechnology

IPO Date

2022-09-14

Stock Exchange

NASDAQ

Ticker

THRD

The PE Ratio as of September 2024 (TTM) for Third Harmonic Bio, Inc. (THRD) is -14.81

According to Third Harmonic Bio, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -14.81. This represents a change of 92.43% compared to the average of -7.70 of the last 4 quarters.

Third Harmonic Bio, Inc. (THRD) Historical PE Ratio (quarterly & annually)

How has THRD PE Ratio performed in the past?

The mean historical PE Ratio of Third Harmonic Bio, Inc. over the last ten years is -23.04. The current -14.81 PE Ratio has changed 6.33% with respect to the historical average. Over the past ten years (40 quarters), THRD's PE Ratio was at its highest in in the September 2023 quarter at 8.63. The PE Ratio was at its lowest in in the June 2022 quarter at -21.73.

Quarterly (TTM)
Annual

Average

-23.04

Median

-18.16

Minimum

-51.36

Maximum

-4.49

Third Harmonic Bio, Inc. (THRD) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Third Harmonic Bio, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 214.22%

Maximum Annual PE Ratio = -4.49

Minimum Annual Increase = -79.79%

Minimum Annual PE Ratio = -51.36

Quarterly (TTM)
Annual
YearPE RatioChange
2023-14.11214.22%
2022-4.49-79.79%
2021-22.22-56.75%

Third Harmonic Bio, Inc. (THRD) Average PE Ratio

How has THRD PE Ratio performed in the past?

The current PE Ratio of Third Harmonic Bio, Inc. (THRD) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-13.61

5-year avg

-23.04

10-year avg

-23.04

Third Harmonic Bio, Inc. (THRD) PE Ratio vs. Peers

How is THRD’s PE Ratio compared to its peers?

Third Harmonic Bio, Inc.’s PE Ratio is less than Sensei Biotherapeutics, Inc. (-0.52), less than NextCure, Inc. (-0.65), less than Nuvation Bio Inc. (-1.34), less than Graphite Bio, Inc. (-0.13), less than Merrimack Pharmaceuticals, Inc. (-8.92), less than Cullinan Oncology, Inc. (-6.96), less than Edgewise Therapeutics, Inc. (-14.14), less than Rallybio Corporation (-0.66), less than Monte Rosa Therapeutics, Inc. (-3.11), less than PMV Pharmaceuticals, Inc. (-1.58), less than Enochian Biosciences, Inc. (-1.24), less than Revolution Medicines, Inc. (-13.31), less than Passage Bio, Inc. (-0.57), less than Werewolf Therapeutics, Inc. (-1.64), less than Acrivon Therapeutics, Inc. Common Stock (-4.23), less than Eliem Therapeutics, Inc. (-3.49),

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