QIAGEN N.V.
QGENAbout the company
Qiagen N.V. provides sample to insight solutions that transform biological samples into molecular insights worldwide. The company offers sample technology consumables, such as nucleic acid stabilization and purification kits for sample materials, manual and automated processing for genotyping, gene expression, and viral and bacterial analysis, as well as silica membranes and magnetic bead technologies; secondary sample technology consumables, including kits and components for purification of nucleic acids; and instruments for nucleic acid purification, quality control, and accessories.
Investment snapshot
Positive
4
BUY / PASS
Neutral / negative
3 / 9
NEUTRAL / FAIL
Median fair value
$23.52
-52.9% vs price
Models with upside
0 / 17
Positive margin of safety
Strongest signal
6 of 10 pass — Lynch, Dreman, Pabrai +1 more object
Key risk
QGEN overvalued: all 11 models price fair value below $49.89 (median $23.52)
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | FAIL | FAIL | FAIL | FAIL · Rank #1166 (Top 37.6%) | NEUTRAL | PASS | PASS | FAIL | FAIL | FAIL | NEUTRAL | PASS | PASS | FAIL | FAIL | NEUTRAL | FAIL |
| Score | |||||||||||||||||
| Analysis | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… |
| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||
| Margin of Safety | -80.8% | -50.2% | -429.1% | -321.4% | N/A | -163.3% | -45.3% | -98.0% | -190.9% | -216.2% | -92.3% | -112.1% | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Market data at 2026-11-01 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Market data at 2026-11-01 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-20 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-20 Score computed: 2026-11-14 |
Where It Passes
- Cash Flow60% pass✓ 8✗ 4▾
6 of 10 pass — Lynch, Dreman, Pabrai +1 more object
Free Cash Flow Proxy$424.9M✓BuffettPositive and growingFCF Positive and Growing$453.3M✗LynchPositive and growingOperating Cash Flow$654.3M✓PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=10.42%, ROA=6.76%✓PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)16.5x✗Dreman< 8xP/E or FCF YieldP/E=25.7x, FCF Yield=4.4%✗PabraiP/E < 15 or FCF Yield > 10%FCF Positive18/18 years FCF positive✓MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap4.2%✓Ackman>= 4%Price / FCF per Share23.8x✓Ackman<= 25Positive Operating Cash Flow frequency18/18 years positive✓SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$453.3M✓Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization+4.40%; #1707/4519 (top 37.8%)✗OshaughnessyTop 10% of eligible cross-section - Debt & Leverage58% pass✓ 9✗ 6▾
7 of 12 pass — Graham, Lynch, Piotroski +2 more object
Debt Levels0.44✓MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3LT Debt vs Net Current AssetsLT Debt $1.7B vs NCA $1.5B✗GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.44, IC: 15.9x✓BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0.44✗Lynch< 0.33Cash - Long-term Debt$-815.4M✗LynchPositive preferredLT Debt / Total Assets Change14.76% -> 26.34%✗PiotroskiDecreased YoYCurrent Assets / Current Liabilities3.90✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0.44✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xInterest Coverage & Debt/EBITDAIC=15.9x, D/EBITDA=2.5x✓MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0.44✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.4379; #2334/4210 (top 55.4%)✗AsnessTop 30% of eligible cross-section
Where It Falls Short
- Valuation models0% pass✗ 11▾
QGEN overvalued: all 11 models price fair value below $49.89 (median $23.52)
Graham fair value$27.60✗Graham-80.8% margin vs $49.89Buffett fair value$33.22✗Buffett-50.2% margin vs $49.89Lynch fair value$9.43✗Lynch-429.1% margin vs $49.89Greenblatt fair value$11.84✗Greenblatt-321.4% margin vs $49.89Dreman fair value$18.95✗Dreman-163.3% margin vs $49.89Munger fair value$34.33✗Munger-45.3% margin vs $49.89Pabrai fair value$25.20✗Pabrai-98.0% margin vs $49.89Akre fair value$17.15✗Akre-190.9% margin vs $49.89Marks fair value$15.78✗Marks-216.2% margin vs $49.89Ackman fair value$25.95✗Ackman-92.3% margin vs $49.89Templeton fair value$23.52✗Templeton-112.1% margin vs $49.89 - Valuation8% pass✓ 2✗ 26▾
12 of 13 flag QGEN's valuation — Graham, Lynch, Greenblatt +9 more
Price / 3-yr avg EPS39.5x✗Graham<= 15xPrice-to-Book Ratio2.9x✗Graham<= 1.5xP/E x P/B112.90✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)5.29✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value4.2%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=4.2%, ROC=29.7%✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS25.7x✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)16.5x✗Dreman< 8xPrice / Book Value per Share2.9x✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)Valuation ReasonablenessP/E=25.7x, OE Yield=3.9%✗MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldP/E=25.7x, FCF Yield=4.4%✗PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical AverageP/E=25.7x, P/B=2.9x✗MarksP/E < 15 or P/B < 2.0Discount to Intrinsic Value-163.3% (IV=$18.95 vs Price=$49.89)✗Marks>= 20% below intrinsic valuePrice / FCF per Share23.8x✓Ackman<= 25Price vs. Trailing Low144% of trailing low ($34.58)✗Templeton<= 120% of trailing low (certified split-adjusted live window)Net income / market capitalization+4.12%; #1972/6340 (top 31.1%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive book equity / market capitalization+0.3667; #3404/6449 (top 52.8%)✗AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS25.7x✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E0.21✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per Share15.63x✗SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change+42.2%✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+0.2029; #3770/5247 (top 71.9%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization+4.40%; #1707/4519 (top 37.8%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date+22.01%; #1262/6202 (top 20.3%)✗OshaughnessyTop 10% of eligible cross-section - Profitability25% pass✓ 16✗ 19▾
12 of 16 flag QGEN's profitability — Graham, Buffett, Lynch +9 more
Positive EPS (10 years)17/18 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)125.6%✓Graham>= 33% growthNet Income Positive (10+ years)17/18 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)10.3%✗Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)22.3% (latest)✓BuffettStable or rising over 10 yearsFree Cash Flow Proxy$424.9M✓BuffettPositive and growingEarnings Variance (10-yr CoV)0.83✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)5.29✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR4.9%✓Lynch15-30% (Fast Grower); > 0% to passROE11.2%✗Lynch> 15%EBIT / Enterprise Value4.2%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=4.2%, ROC=29.7%✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets6.76%✓PiotroskiROA > 0ROA Change YoY1.47% -> 6.76% (delta: +5.30%)✓PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=10.42%, ROA=6.76%✓PiotroskiCFO/Assets > ROAGross Margin Change YoY48.9% -> 62.2%✓PiotroskiImproved YoYPre-Tax Income / Revenue23.5%✓Dreman>= 8%Net Income / Shareholders' Equity11.2%✗Dreman> 12%Margin of SafetyP/E=25.7x, P/B=2.9x✗PabraiP/B < 1.5 or P/E < 15Return on Equity7.5% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic Value-163.3% (IV=$18.95 vs Price=$49.89)✗Marks>= 20% below intrinsic valuePositive Net Income Frequency17/18 years positive✓MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue22.3%✓Ackman>= 15%Net Income / Shareholders Equity11.2%✗Ackman>= 15%5-Year EPS CAGR4.9% CAGR over 5 years✓Templeton> 0% (5-year EPS CAGR)Operating Margin Trend20.9% (2023) -> 22.3% (2025)✓TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendgross margin 62.8% -> 62.2%, operating margin 20.9% -> 22.3%✓SleepRevenue rising; gross margin flat or falling; operating margin holdingNet income / market capitalization+4.12%; #1972/6340 (top 31.1%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionGross profit / total assets+20.69%; #2021/3702 (top 54.6%)✗AsnessTop 30% of eligible cross-sectionNet income / positive book equity+11.25%; #1626/5226 (top 31.1%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-0.0233; #1610/5884 (top 27.4%)✓AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR4.9% over 5 years✗Neff7%-20% annualizedPositive Diluted-EPS Years9/10 years positive✓Schloss>= 70% positive over 5-10 observed years (app rule) - Verdicts29% pass✓ 4✗ 10▾
Split decision: 9 FAIL · 4 PASS · 3 NEUTRAL
Overall verdict✗GrahamFAIL (3/9)✗BuffettFAIL (3/9)✗LynchFAIL (1/7)✗GreenblattRank #1166•PiotroskiNEUTRAL (F-Score 7)✓DremanPASS (6/11)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✗AkreFAIL (1/6)✗MarksFAIL (3/5)•AckmanNEUTRAL (6/9)✓TempletonPASS (4/8)✓SleepPASS (3/6)✗AsnessFAIL (Rank #816/2370 (Top 34.4%))✗NeffFAIL (3/6)•SchlossNEUTRAL (4/7)✗OshaughnessyFAIL (Rank #482/963 (Top 50.1%)) - Efficiency38% pass✓ 4✗ 7▾
5 of 8 flag QGEN's efficiency — Buffett, Piotroski, Munger +2 more
Current Ratio3.90✓Graham>= 2.0ROIC (3-5 yr avg)7.6%✗Buffett> 10%ROIC - WACC-2.4%✗BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)29.7%✓Greenblatt> 25%Current Ratio Change YoY1.88 -> 3.90✓PiotroskiIncreased YoYRevenue / Total Assets Change YoY0.35x -> 0.33x✗PiotroskiImproved YoYCurrent Assets / Current Liabilities3.90✓Dreman> 1.5Return on Invested Capital6.8%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=6.1%; FY2024: ROIC=1.6%; FY2025: ROIC=6.8%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROIC5.9% (RR=87% x ROIC=6.8%)✗AkreReinvestment Rate * ROIC > 10%ROIC (5-year)0/5 years above 12% (latest 6.8%)✗SleepROIC > 12% in a majority of years - Growth50% pass✓ 7✗ 6▾
4 of 8 pass — Lynch, Ackman, Sleep +1 more object
EPS Growth (3-yr avg, 10-yr window)125.6%✓Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)5.29✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR4.9%✓Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthInv: 8.1% vs Rev: 5.7%✗LynchInventory growth < Revenue growthEPS Growth Direction$0.44 (2008) -> $1.94 (2025)✓DremanPositive over recent yearsEPS CAGR9.1% CAGR over 17 years✓Dreman> 5% annualizedPositive Net Income Frequency17/18 years positive✓MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth0.7%✗Ackman>= 5%Positive EPS Growth Frequency2/5 years with positive EPS growth✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR4.9% CAGR over 5 years✓Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendgross margin 62.8% -> 62.2%, operating margin 20.9% -> 22.3%✓SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR2.2%✗SleepCAGR > 7%3-5 Year Diluted EPS CAGR4.9% over 5 years✗Neff7%-20% annualized
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Retired 2.2% of shares last year, 5.1% over two.
- Buybacks
- $280.1M
- Dividends
- $54.2M
What drove EPS
A buyback raises earnings per share without the company earning more. This splits each year's change into the two.
The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.
Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
| Metric | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
| FY 2021Sources
|
|---|---|---|---|---|---|
| Market Cap | $10.3Bcurrent | $9.8Best. | $9.6Best. | $11.1Best. | $11.2Best. |
| Revenue | $2.1B↑6% | $2.0B↑1% | $2.0B↓8% | $2.1B↓5% | $2.3B |
| Operating Income | $465.9M↑377% | $97.7M↓76% | $409.9M↓23% | $531.5M↓16% | $630.1M |
| Net Income | $424.9M↑408% | $83.6M↓76% | $341.3M↓19% | $423.2M↓17% | $512.6M |
| EPS (Diluted) | $1.94↑424% | $0.37↓75% | $1.48↓20% | $1.84↓17% | $2.21 |
| Gross Margin | 62.2%↑27% | 48.9%↓22% | 62.8%↓3% | 64.7% | 64.4% |
| Operating Margin | 22.3%↑351% | 4.9%↓76% | 20.9%↓16% | 24.8%↓11% | 28.0% |
| ROE | 11.2%↑380% | 2.3%↓74% | 9.0%↓27% | 12.2%↓26% | 16.6% |
| Total Debt | $1.7B↑19% | $1.4B↓8% | $1.5B↓19% | $1.9B↓4% | $1.9B |
| Shareholders' Equity | $3.8B↑6% | $3.6B↓6% | $3.8B↑10% | $3.5B↑12% | $3.1B |
| Current Ratio | 3.90↑107% | 1.88↓5% | 1.99↓19% | 2.46↑77% | 1.39 |
| Debt / Equity | 0.44↑12% | 0.39↓2% | 0.40↓26% | 0.54↓14% | 0.63 |
| Operating Cash Flow | $654.3M↓3% | $673.6M↑47% | $459.5M↓36% | $715.3M↑12% | $639.0M |
| Free Cash Flow | $453.3M↓10% | $506.4M↑63% | $309.7M↓47% | $586.0M↑30% | $449.1M |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Pharmaceutical Products
QGEN vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merck & Co., Inc.MRK | $364.3B | $147.76 | $65.0B | $18.3B | 34.7% | 0.94 | — | 1.54 | 2/9 | 5/9 | 4/7 | 0/3 | F-Score 4 | 1/11 |
| ABBOTT LABORATORIESABT | $188.0B | $108.52 | $44.3B | $6.5B | 12.5% | 0.25 | 18.2% | 1.58 | 3/9 | 4/9 | 2/7 | 1/3 | F-Score 5 | 3/11 |
| BRISTOL MYERS SQUIBB COBMY | $129.7B | $63.43 | $48.2B | $7.1B | 38.2% | 2.44 | 19.4% | 1.26 | 2/9 | 1/9 | 3/7 | 1/3 | F-Score 8 | 5/11 |
| BIO-TECHNE CorpTECH | $11.4B | $72.80 | $1.2B | $73.4M | 3.8% | — | 8.4% | 3.46 | 4/9 | 3/9 | 3/7 | 0/3 | F-Score 5 | 4/11 |
| REPLIGEN CORPRGEN | $10.7B | $167.79 | $738.3M | $48.9M | 2.3% | 0.26 | 7.5% | 8.37 | 3/9 | 2/9 | 3/7 | 0/3 | F-Score 7 | 5/11 |
| IONIS PHARMACEUTICALS INCIONS | $4.8B | $29.06 | $943.7M | $381.4M | -78.0% | 3.60 | -40.4% | 3.83 | 3/9 | 1/9 | 1/7 | 0/3 | F-Score 4 | 3/11 |
| NEOGEN CORPNEOG | $2.5B | $11.23 | $870.4M | $7.9M | -0.4% | 0.76 | -2.5% | 3.82 | 3/9 | 1/9 | 2/7 | 0/3 | F-Score 6 | 4/11 |
| Pharvaris N.V.PHVS | $2.4B | $33.36 | — | $206.4M | -64.8% | 0.00 | — | — | 0/9 | 0/9 | 2/7 | 0/3 | F-Score 2 | 2/11 |