Mind Medicine (MindMed) Inc. (MNMD) P/E Ratio History
Historical price-to-earnings valuation from 2026 to 2026
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MNMD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Mind Medicine (MindMed) Inc. (MNMD) trades at a price-to-earnings ratio of -10.0x, with a stock price of $20.69 and trailing twelve-month earnings per share of $-2.06.
Compared to the Healthcare sector median P/E of 22.2x, MNMD trades at a 145% discount to its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 171.0x.
Relative to the broader market, MNMD trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MNMD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MNMD P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $406M | 29.9 | 0.89 | +51% | |
| $2B | 6.9Lowest | 0.67Best | +817%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
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Start ComparisonMNMD — Frequently Asked Questions
Quick answers to the most common questions about buying MNMD stock.
Is MNMD stock overvalued or undervalued?
MNMD current P/E: -10.0x. 5-year average P/E: N/A. Percentile: N/A.
How does MNMD's valuation compare to peers?
Mind Medicine (MindMed) Inc. P/E of -10.0x compares to sector median of 22.2x. The discount suggests lower growth expectations or higher risk.
What is MNMD's PEG ratio?
MNMD PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2026-2026.