After a significant sell-off in 2022, the S 500 index has bounced back in 2023, gaining 14% so far. But as impressive as this performance has been, some stocks have run circles around it.

Stock for the drugmaker Eli Lilly (NYSE: LLY) is up more than 49% in 2023, making it one of the hottest mega-cap stocks of the year. But this strong performance has potential future investors asking: Have I already missed the boat on this growth stock?

Let's delve into Eli Lilly's fundamentals and valuation to see if an answer can be found.

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Source Fool.com