Penumbra Inc
NYSE: PEN · HEALTHCARE · MEDICAL DEVICES
Updated 2026-04-29
Penumbra Inc (PEN) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for PEN.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
PEN historical valuation range
Where current P/E sits in PEN's own 5Y range.
PEN intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
PEN valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 71.96x
P/S Ratio — History
Current: 9.11x
Is PEN overvalued in 2026?
Penumbra Inc (PEN) currently trades at $324.82 per share with a market capitalization of $12,792,842,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 64/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 72.0x, below its 5-year median of 73.5x. The PEG ratio of 0.74 suggests earnings growth is outpacing the multiple, a classic sign of undervaluation.
Looking at its own history, PEN is currently trading cheaper than 90% of the last 5Y on P/E. This places it in the 10th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates PEN's intrinsic value at $342.97 per share, against the current market price of $324.82. This implies a margin of safety of +1.37%. The stock is priced close to its estimated fair value, offering limited upside without further operational improvement.
The Piotroski F-Score of 4/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: PEN trades at a fair valuation on our framework, with a Smart Value Score of 64/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is PEN overvalued in 2026?
Based on a Smart Value Score of 64/100, PEN is fairly valued. Price reasonably reflects current fundamentals with limited cushion in either direction.
What is PEN's fair value?
Our DCF model estimates PEN's intrinsic value at $342.97 per share, versus the current price of $324.82. This produces a margin of safety of +1.37%.
What P/E ratio does PEN trade at?
PEN trades at a P/E of 72.0x on trailing twelve-month earnings, compared to its 5-year median of 73.5x.
Is PEN a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 64/100 reflects the combined read on growth, quality, and price. The profile is balanced. Best suited for investors with an existing thesis.
How does PEN's valuation compare to its history?
On P/E, PEN currently sits in the 10th percentile of its own 5Y range. That is historically cheap relative to where it has traded over the period.
What is PEN's Smart Value Score?
PEN's Smart Value Score is 64/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.