LGND vs TERN

Comparison between Ligand Pharmaceuticals Inc - Class B (LGND, Company) and Terns Pharmaceuticals Inc (TERN, Company).

Both LGND and TERN are from the Healthcare sector.

5-Year PerformanceTERN has outperformed LGND, delivering a return of +25.4% compared to +21.2%

LGND vs TERN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LGND(COMPANY)	TERN(COMPANY)
Market Cap	$5.93B	$5.95B
Max Drawdown	95.01%	94.50%
Sharpe Ratio	2.36	3.07
5Y Beta	0.97	N/A
Industry	Biotechnology	Biotechnology
P/E Ratio	37.91	-50.88
Forward P/E	34.72	N/A
5Y EPS CAGR	26.59%	N/A
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	2.07%	-1.38%

Market Cap

LGND

$5.93B

Winner

TERN

$5.95B

Max Drawdown

LGND

95.01%

Winner

TERN

94.50%

Sharpe Ratio

LGND

2.36

Winner

TERN

3.07

5Y Beta

LGND

0.97

TERN

N/A

Industry

LGND

Biotechnology

TERN

Biotechnology

P/E Ratio

LGND

37.91

Winner

TERN

-50.88

Forward P/E

LGND

34.72

TERN

N/A

5Y EPS CAGR

LGND

26.59%

TERN

N/A

Debt to Equity

LGND

0.00%

TERN

0.00%

Free Cash Flow Yield

Winner

LGND

2.07%

TERN

-1.38%

LGND vs TERN - Historical Returns

Returns include dividend reinvestment.

Period	LGND	TERN
1 month	+16.14%	+0.32%
3 months	+32.79%	+49.83%
6 months	+53.62%	+191.09%
1 year	+128.69%	+1504.55%
5 years(CAGR)	+21.24%	+25.44%
10 years(CAGR)	+8.93%	N/A
Max(CAGR)	+15.72%	+22.35%

Winner

LGND

+16.14%

TERN

+0.32%

LGND

+32.79%

Winner

TERN

+49.83%

LGND

+53.62%

Winner

TERN

+191.09%

LGND

+128.69%

Winner

TERN

+1504.55%

5Y(CAGR)

LGND

+21.24%

Winner

TERN

+25.44%

10Y(CAGR)

LGND

+8.93%

TERN

N/A

Max(CAGR)

LGND

+15.72%

Winner

TERN

+22.35%

LGND vs TERN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LGND	TERN
2026	+55.94%	+32.01%
2025	+74.39%	+612.52%
2024	+48.18%	-14.51%
2023	+8.16%	-26.08%
2022	-55.93%	+51.94%
2021	+52.82%	-61.56%
2020	-5.05%	N/A
2019	-23.88%	N/A
2018	-2.11%	N/A
2017	+33.59%	N/A
2016	-0.84%	N/A
2015	+101.79%	N/A
2014	+3.28%	N/A
2013	+153.86%	N/A
2012	+74.14%	N/A
2011	+32.04%	N/A
2010	+334.22%	N/A
2009	-19.63%	N/A
2008	-43.62%	N/A
2007	-41.09%	N/A
2006	-4.78%	N/A
2005	-0.45%	N/A
2004	-22.04%	N/A
2003	+168.56%	N/A
2002	-68.50%	N/A
2001	+30.18%	N/A
2000	+0.86%	N/A
1999	+52.61%	N/A

LGND vs TERN Drawdown Comparison

The maximum drawdown for LGND was -93.36%, occurring on Nov 19, 2008. Recovery took 3033 trading sessions.

The maximum drawdown for TERN was -94.50%, occurring on May 11, 2022. Recovery took 1173 trading sessions.

The current LGND drawdown is -8.11%. The current TERN drawdown is -0.41%.

Rank	LGND	TERN
#1	-93.36% Mar 6, 2000 - Mar 26, 2012	-94.50% Mar 19, 2021 - Nov 18, 2025
#2	-81.94% Sep 28, 2018 - Jun 18, 2026	-32.02% Mar 3, 2021 - Mar 12, 2021
#3	-46.77% Mar 18, 2014 - Apr 8, 2015	-27.56% Dec 11, 2025 - Mar 18, 2026
#4	-37.01% Mar 26, 2012 - Jul 26, 2012	-16.13% Feb 10, 2021 - Feb 24, 2021
#5	-34.19% Aug 1, 2016 - Oct 4, 2017	-12.11% Nov 25, 2025 - Dec 5, 2025
#6	-26.20% Aug 5, 2015 - Dec 16, 2015	-5.26% Nov 18, 2025 - Nov 24, 2025
#7	-23.30% Dec 17, 2015 - Apr 6, 2016	-4.09% Mar 12, 2021 - Mar 18, 2021
#8	-21.24% Oct 29, 2013 - Jan 10, 2014	-2.27% Mar 1, 2021 - Mar 3, 2021
#9	-21.19% Jul 31, 2012 - Nov 26, 2012	-1.26% Mar 19, 2026 - Mar 23, 2026
#10	-17.44% Mar 12, 2018 - May 15, 2018	-1.15% Mar 26, 2026 - Apr 9, 2026
#11	-17.40% Jul 22, 2013 - Oct 17, 2013	-0.13% Feb 25, 2021 - Mar 1, 2021
#12	-16.85% Dec 10, 1999 - Dec 29, 1999	N/A
#13	-16.72% Jan 24, 2000 - Feb 10, 2000	N/A
#14	-14.25% Apr 21, 2016 - Jul 20, 2016	N/A
#15	-14.12% Feb 18, 2000 - Mar 6, 2000	N/A