Abeona Therapeutics Inc. (ABEO) intrinsic value & 10-year financials

Abeona Therapeutics Inc. (ABEO) has a Graham intrinsic value of $33.55 per share. At $4.43 on Oct 17, 2026, the stock trades 87% below that value. Over the last 10 fiscal years revenue grew 23.2% a year to $5.8M, with an average return on invested capital of -150.8%.

Graham intrinsic value
$33.55
Share price (Oct 17, 2026)
$4.43
Price vs Graham value
87% below
Market cap
$293.0M
Revenue (FY2025)
$5.8M
Revenue growth (10-yr CAGR)
23.2%
ROIC (10-yr avg)
-150.8%
Free cash flow (FY2025)
-$84.3M

ABEO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.8M $71.2M $1.01 -$84.3M -1536.9% -120.9%
FY2024 — -$63.7M -$1.55 -$58.5M — -267.5%
FY2023 $3.5M -$54.2M -$1.26 -$37.3M -1346.7% -468.1%
FY2022 $1.4M -$39.7M -$2.77 -$43.6M -3600.8% -178.8%
FY2021 $3.0M -$84.9M — -$69.8M -2994.5% -140.1%
FY2020 $10.0M -$84.2M — -$36.4M -814.2% -111.8%
FY2019 — -$76.3M — -$69.1M — -137.6%
FY2018 $3.0M -$56.7M — -$48.4M -1940.2% -38.2%
FY2017 $837.0K -$27.3M — -$23.8M -3325.7% -20.7%
FY2016 $889.0K -$21.9M — -$13.5M -2686.3% -24.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ABEONA THERAPEUTICS INC. is a consistent compounder, expanding top-line revenue at 23.2% annually over the past decade.

ABEONA THERAPEUTICS INC. has historically struggled to out-earn its cost of capital, averaging just -60.3% ROIC.

ABEONA THERAPEUTICS INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ABEONA THERAPEUTICS INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $33.55 per share.

ABEO stock: frequently asked questions

What is the intrinsic value of Abeona Therapeutics Inc. (ABEO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ABEO's intrinsic value is about $33.55 per share.

Is ABEO stock undervalued?

At $4.43 (close on Oct 17, 2026), ABEO trades 87% below its Graham value of $33.55. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Abeona Therapeutics Inc. grown?

Revenue went from $889.0K in fiscal 2016 to $5.8M in fiscal 2025, a compound annual growth rate of 23.2%. Net income was $71.2M in fiscal 2025.

Does Abeona Therapeutics Inc. generate free cash flow?

Abeona Therapeutics Inc. generated -$84.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is ABEO's return on invested capital?

Average ROIC over the last 10 fiscal years was -150.8%, and average return on equity was -80.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ABEO data come from?

From Abeona Therapeutics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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