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← CockpitCompetitor Analysis › NANO.PA Nanobiotix SAOpen in the cockpit ↗

Nanobiotix SANANO.PACompetitor analysis, valuation and peers

France · EUR·Health Care›Pharmaceuticals: Major

French clinical-stage biotech developing a nanoparticle injected into tumors to enhance the effect of radiotherapy.

≈ A radiotherapy-enhancement biotech, unlike any single US analogueMomentum weak 25
Mkt cap
$1.54B
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$6.69M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 8.2%
Hurdle
n/a
no reverse DCF
Next earnings
172 days
27 Apr 2027
Close · EUR€27.00
1D-1.0%
1W-4.0%
1M+31.6%
3M-19.1%
6M-41.5%
YTD+38.5%
1Y+50.8%
ATR %7.8%
52w lowhigh43.4% off high

What Nanobiotix does

French clinical-stage biotech developing a nanoparticle injected into tumors to enhance the effect of radiotherapy.

Has no commercial revenue to speak of: income comes from licence payments, notably the 2019 deal with Janssen, Johnson & Johnson's pharmaceutical arm, which gave it a partner outside the US. Hensify has a European CE mark for soft-tissue sarcoma but is mostly a development-stage product.

In one line: A radiotherapy-enhancement biotech, unlike any single US analogue.

Products and services

  • NBTXR3 (Hensify) nanoparticle radioenhancer

Customers

  • Radiation oncology centers
  • Pharma partners (licensing deals)

Where it sits in the supply chain

  • Health Care
  • Biotechnology
  • Oncology radioenhancer therapeutics

What could go right

  • Pivotal trial readouts/approvals
  • Pharma partnership/licensing deals

What could go wrong

  • Clinical trial failure risk
  • Ongoing cash burn/dilution

Moat: narrow (IP / patents, regulatory licence). Patented nanoparticle technology with regulatory approval in some markets, but unproven at commercial scale.

Headquarters: Paris, France · Founded: 2003 · Employees: 97

Named competitors

Nanobiotix at a glance

Size Nanobiotix (NANO.PA) is a France Health Care company (Pharmaceuticals: Major) with a market value of $1.54B, the 116th largest of 206 France companies the cockpit tracks. Shares closed at €27.00 on 6 Nov 2026.

Performance Over six months the shares fell 41.5%, against -2.8% for the median peer and -0.4% for the France market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue fell 76.9% over the last twelve months (peer median +6.2%); the operating margin is -392.0% (peer median 10.2%).

Valuation It trades at 164.1× enterprise value to sales against a peer median of 3.5× (most expensive of 19).

Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).

Relative performance

40608010011 May 202611 Aug 20266 Nov 2026Peer median 97NANO.PA 62
Six months, rebased to 100: Nanobiotix against the median of its 20 peers (local-currency closes).

Nanobiotix financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€8.36M€29.6M-€11.6M€30.1M€0
Revenue growth——-139%——
Gross profitn/an/an/an/a-€1.50M
EBITDA-€31.2M-€12.2M-€71.1M-€28.9M-€49.0M
Net income-€52.9M-€24.0M-€68.1M-€39.7M-€57.0M
Free cash flow-€40.2M-€35.5M-€21.4M-€19.8M-€38.1M
Capital expenditure€1.01M€546,000€848,000€337,000€93,000
Total debtn/a€95.3M€50.9M€50.6M€53.2M

Quarterly statements and history in the cockpit →

Nanobiotix competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%300006INDGN600572301263RARECORONA002626JUBLPHARMA141080002020298380603235ETON600993DMRAMARKSANSPCRXGPCROCUL1681NANO.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Nanobiotix is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×50×100×150×300006INDGN600572RARECORONA002626141080298380ETONNANO.PARevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nanobiotix is the large dot.

Nanobiotix competitors and peer comparison

Head to head with its named competitors (NANO.PA vs SHL.DE vs BSX)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Nanobiotix NANO.PA$1.54B-42%-77%-392%164.1×n/a
Siemens Healthineers SHL.DE$55.9B+31%-1%15%2.7×9.0%
Boston Scientific BSX$62.0B-21%+9%21%3.5×5.0%

How Nanobiotix compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nanobiotix against its 20 peers (data as of 6 Nov 2026)
MeasureNANO.PAPeer medianRank in peer set
1-month return+31.6%+1.6%2nd highest of 21
6-month return-41.5%-2.8%4th lowest of 21
Distance from 52-week high-43.4%-19.0%5th lowest of 21
Revenue growth (TTM)-76.9%+6.2%lowest of 19
Operating margin-392.0%10.2%2nd lowest of 19
EV / Sales164.1×3.5×most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Nanobiotix NANO.PAFrance$1.54B-42%-77%-392%164.1×n/an/a
Chongqing Lummy Pharmaceutical 300006.SZChina$1.55B+53%-6%-19%13.6×49.9%-13.2%
Indegene INDGN.NSIndia$1.56B+15%+36%12%3.3×29.6%+29.4%
Zhejiang CONBA Pharmaceutical 600572.SSChina$1.56B-5%+4%9%1.5×-5.8%+1.9%
Guangdong Taienkang Pharmaceutical 301263.SZChina$1.53B-17%+2%-2%15.1×n/an/a
Ultragenyx Pharmaceutical RAREUnited States$1.52B+22%+16%-64%3.3×n/an/a
Corona Remedies CORONA.NSIndia$1.58B+40%+17%18%9.6×37.6%+16.6%
Xiamen Kingdomway 002626.SZChina$1.58B+15%-3%11%3.4×n/an/a
Jubilant Pharmova JUBLPHARMA.NSIndia$1.58B-4%+16%9%1.7×n/an/a
LigaChem Biosciences 141080.KSSouth Korea$1.59B-68%-33%-208%18.4×n/an/a
Zhejiang Jingxin Pharmaceutical 002020.SZChina$1.49B-17%+1%19%2.3×-8.5%+4.6%
ABL Bio 298380.KSSouth Korea$1.49B-73%-64%-251%55.7×n/an/a
JiangXi Tianxin Pharmaceutical 603235.SSChina$1.60B-5%+16%24%3.7×-4.1%+0.2%
Eton Pharmaceuticals ETONUnited States$1.61B+236%+81%16%15.3×39.6%+359.6%
Mayinglong Pharmaceutical 600993.SSChina$1.62B-4%+7%17%2.2×-4.5%+6.8%
Damora Therapeutics DMRAUnited States$1.46B-2%n/an/an/an/an/a
Marksans Pharma MARKSANS.NSIndia$1.45B+50%+24%20%3.9×31.6%+16.6%
Pacira Biosciences PCRXUnited States$1.45B+57%+6%4%2.2×14.9%+11.1%
Structure Therapeutics, Inc. Sponsored ADR GPCRUnited States$1.45B-48%n/an/an/an/an/a
Ocular Therapeutix OCULUnited States$1.45B-32%-8%-603%17.9×n/an/a
Consun Pharmaceutical 1681.HKHong Kong$1.65B+5%+15%35%2.2×-15.1%+13.5%

Questions

Who are Nanobiotix's main competitors?
Named competitors: Varian (Siemens Healthineers) (SHL.DE), Boston Scientific (BSX), Galera Therapeutics (private or unlisted). The cockpit's measured peer set (industry) also includes Chongqing Lummy Pharmaceutical (300006.SZ), Indegene (INDGN.NS), Zhejiang CONBA Pharmaceutical (600572.SS), Guangdong Taienkang Pharmaceutical (301263.SZ), Ultragenyx Pharmaceutical (RARE), Corona Remedies (CORONA.NS).
Is Nanobiotix expensive compared with its peers?
On ev / sales it trades at 164.1× against a peer median of 3.5×, most expensive of 19 in its peer set.
How has Nanobiotix stock performed?
Over six months to 6 Nov 2026 the shares returned -41.5% against -2.8% for the median peer; over one year +50.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.