TERN vs LGND

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

Both TERN and LGND are from the Healthcare sector.

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

TERN vs LGND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

TERN

$5.95B

LGND

$5.93B

Max Drawdown

Winner

TERN

94.50%

LGND

95.01%

Sharpe Ratio

Winner

TERN

3.07

LGND

2.36

5Y Beta

TERN

N/A

LGND

0.97

Industry

TERN

Biotechnology

LGND

Biotechnology

P/E Ratio

Winner

TERN

-50.88

LGND

37.91

Forward P/E

TERN

N/A

LGND

34.72

5Y EPS CAGR

TERN

N/A

LGND

26.59%

Debt to Equity

TERN

0.00%

LGND

0.00%

Free Cash Flow Yield

TERN

-1.38%

Winner

LGND

2.07%

TERN vs LGND - Historical Returns

Returns include dividend reinvestment.

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

TERN

+0.32%

Winner

LGND

+16.14%

Winner

TERN

+49.83%

LGND

+32.79%

Winner

TERN

+191.09%

LGND

+53.62%

Winner

TERN

+1504.55%

LGND

+128.69%

5Y(CAGR)

Winner

TERN

+25.44%

LGND

+21.24%

10Y(CAGR)

TERN

N/A

LGND

+8.93%

Max(CAGR)

Winner

TERN

+22.35%

LGND

+15.72%

TERN vs LGND - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

TERN vs LGND Drawdown Comparison

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

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

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

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