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Since early August last year, the Sanofi (SNY) share price has increased almost 20% to its current level of $48.37 at the time of writing. That's still about 7% off the 52-week high, and a fair value is now probably above $58.00 - an increase of about another 20%. This projection is based on a straightforward P/E comparison of SNY (24.90) with the average P/E ratio for ten other relevant big pharma (29.94): [[AZN]], [[BAYRY]], [[BMY]], [[GSK]], [[JNJ]], [[LLY]], [[MRK]], [[NVO]], [[NVS]], and [[PFE]]. Then, 29.94 divided by 24.90 gives