MannKind Corp (MNKD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MannKind Corp stock $1.70, price $3.90, that is 56.4% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
MannKind Corp
MNKD · USOur calculation puts a fair price 56% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $2.28 – $7.44 · fair‑value band $0.8100 – $2.58 · the $3.90 price screens above the $1.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Every Wednesday you see whether MannKind is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
MannKind Corporation, a biopharmaceutical company, focuses on the provision of various solutions for transforming chronic disease care.
Show moreShow less
It develops and commercializes treatments that address serious unmet medical needs, including diabetes, pulmonary hypertension, and fluid overload in heart failure and chronic kidney disease.
It offers Afrezza inhalation powder, an inhaled insulin used to improve glycemic control in adults with diabetes; and the V-Go wearable insulin delivery device, which provides continuous subcutaneous infusion of insulin in adults.
Its products also include Tyvaso DPI for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease; FUROSCIX, a furosemide injection to treat fluid buildup in patients with chronic heart failure or chronic kidney disease.
The company's pipeline of treatments for orphan lung diseases include MNKD-201, a dry-powder formulation of nintedanib for the treatment of idiopathic pulmonary fibrosis and MNKD-701.
It has collaboration and license agreement with United Therapeutics Corporation for development, regulatory, and commercial activities of Tyvaso DPI; and collaboration agreement with Thirona to evaluate the therapeutic for the treatment of pulmonary fibrosis.
MannKind Corporation was incorporated in 1991 and is headquartered in Danbury, Connecticut.
Stock analysis
MannKind Corp (MNKD) currently trades at $3.90, while our model-based Fair Value estimate is $1.70, 56% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of $2.07 per share, and 0 of the 21 models we run sit above the $3.90 price.
Bear case: the Earnings-Based group reads lowest at $0.7500, and 21 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $0.8100 (bear) to $2.58 (bull), the price of $3.90 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
MannKind Corp reported revenue of $349M in FY2025 versus $75.4M in FY2021, a compound +46.7%/yr. Reported net income was $5.9M in FY2025.
Key figures
Market cap $1.2B Small · P/S ratio 3.07 · EPS (TTM) $−0.1400 · Net margin −11.1% · Return on assets (EBIT) −2.2% (5-year average) · Operating margin −0.8% · Revenue (TTM) $394M · Revenue growth (YoY) +42.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 71% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −56%, MNKD screens richer than that median.
Fair Value models
All 21 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $791,323 and none bought.
- SaleSteven B. BinderDirector5× since May 12, 2026: 181,085 shares, avg. $3.78$683,703Sep 25, 202610b5-1 plan
- SaleDavid ThomsonEVP Genl Counsel & Secretary3× since Dec 2, 2025: 174,922 shares, avg. $5.32$930,755Jul 17, 202610b5-1 plan
- BuyMichael CastagnaChief Executive Officer, Director100,000 shares at $2.59$259,000Mar 10, 2026
- SaleStuart A TrossChief People & Workpl Officer47,006 shares at $6.33$297,548Jan 8, 202610b5-1 plan
- SaleMichael CastagnaChief Executive Officer, Director3× since Dec 2, 2025: 215,840 shares, avg. $5.79$1.2MDec 17, 202510b5-1 plan
- SaleSanjay R SinghEVP Technical Operations18,777 shares at $5.03$94,448Nov 14, 202510b5-1 plan
Plus 14 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Compare MannKind Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 558 stocks
Valuation Multiplesvs Biotechnology median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Biotechnology stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Incyte Corporation INCY | $119.65 | $199.23 | +67% | vs MNKD |
| Regeneron Pharmaceuticals, Inc REGN | $904.35 | $1,275 | +41% | vs MNKD |
| Genmab A/S GMAB | kr 3,527 | kr 3,999 | +13% | vs MNKD |
| Samsung Biologics Co 207940 | 1,516,000 KRW | 1,667,600 KRW | +10% | vs MNKD |
| WuXi Biologics (Cayman) Inc 2269 | HK$47.62 | HK$52.38 | +10% | vs MNKD |
| Vertex Pharmaceuticals Incorporated VRTX | $547.09 | $596.75 | +9% | vs MNKD |
| argenx SE ARGX | $927.21 | $908.40 | −2% | vs MNKD |
| CSL Limited CSL | A$202.04 | A$183.04 | −9% | vs MNKD |
| Celltrion, Inc 068270 | 211,000 KRW | 74,945 KRW | −64% | vs MNKD |
| Royalty Pharma plc RPRX | $67.30 | $19.01 | −72% | vs MNKD |
Explore undervalued stocks
More undervalued Healthcare stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is MannKind Corp (MNKD) overvalued or undervalued?
What is the fair value of MNKD?
What is the quality score of MNKD?
What is the price target for MannKind Corp (MNKD)?
What is the MannKind Corp stock forecast for 2026?
What is the revenue of MannKind Corp (MNKD)?
What growth is priced into MannKind Corp (MNKD)?
What discount rate (WACC) does the fair value of MNKD use?
What is a reverse DCF?
How much growth has MannKind Corp (MNKD) delivered so far?
How fast is the sector of MannKind Corp (MNKD) growing?
What is the free cash flow yield of MannKind Corp (MNKD)?
What is the intrinsic value of MannKind Corp (MNKD)?
Is MannKind Corp stock overvalued or undervalued in 2026?
Is fair value the same as the market price of MNKD?
How much is MannKind Corp worth?
What do the bullish and bearish scenarios say about MNKD?
What is the PEG ratio of MNKD?
How solid is the balance sheet of MannKind Corp (MNKD)?
How far is MNKD from its 52-week high?
Which stocks are comparable to MannKind Corp?
Is MannKind Corp stock attractive at the current price?
How is the fair value of MNKD calculated?
Is it still worth investing in stocks now?
What is the share price of MannKind Corp (MNKD)?
What should I pay attention to with MannKind Corp right now?
Key figures of MannKind Corp
How large is the market capitalisation of MannKind Corp (MNKD)?
What is the P/S ratio of MannKind Corp (MNKD)?
What are the earnings per share of MannKind Corp (MNKD)?
What is the net margin of MannKind Corp (MNKD)?
What is the EBIT return on assets of MannKind Corp (MNKD)?
What is the operating margin of MannKind Corp (MNKD)?
How fast is revenue growing at MannKind Corp (MNKD)?
How fast are earnings growing at MannKind Corp (MNKD)?
How much net debt does MannKind Corp (MNKD) carry?
Watch MannKind Corp in the live analysis
One click puts MannKind Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.