Allogene Therapeutics, Inc. (ALLO) intrinsic value & 10-year financials

Allogene Therapeutics, Inc. (ALLO) has a Graham intrinsic value of $131.28 per share. At $1.31 on Oct 17, 2026, the stock trades 99% below that value. Over the last 9 fiscal years revenue shrank 91.7% a year to $0, with an average return on invested capital of -42.7%.

Graham intrinsic value
$131.28
Share price (Oct 17, 2026)
$1.31
Price vs Graham value
99% below
Market cap
$289.0M
Revenue (FY2025)
$0
Revenue growth (9-yr CAGR)
-91.7%
ROIC (10-yr avg)
-42.7%
Free cash flow (FY2025)
-$149.6M

ALLO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$190.9M -$0.87 -$149.6M — -56.1%
FY2024 $22.0K -$257.6M -$1.32 -$201.0M -1241813.6% -57.7%
FY2023 $95.0K -$1.6B -$2.09 -$239.2M -344986.3% -53.9%
FY2022 $243.0K -$1.2B -$2.32 -$225.7M -138044.9% -44.4%
FY2021 $38.5M -$903.3M -$1.89 -$206.3M -664.6% -29.1%
FY2020 $0 -$646.3M -$2.08 -$181.1M — -35.6%
FY2019 $0 -$396.1M -$1.83 -$188.1M — -35.1%
FY2018 — -$211.5M — -$47.9M — -29.9%
FY2017 — — — — — —

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

Executive summary

Allogene Therapeutics, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Allogene Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -42.7% ROIC.

Allogene 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, Allogene Therapeutics, Inc. is modeled at -91.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $131.28 per share.

ALLO stock: frequently asked questions

What is the intrinsic value of Allogene Therapeutics, Inc. (ALLO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -91.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ALLO's intrinsic value is about $131.28 per share.

Is ALLO stock undervalued?

At $1.31 (close on Oct 17, 2026), ALLO trades 99% below its Graham value of $131.28. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Allogene Therapeutics, Inc. generate free cash flow?

Allogene Therapeutics, Inc. generated -$149.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is ALLO's return on invested capital?

Average ROIC over the last 9 fiscal years was -42.7%, and average return on equity was -102.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ALLO data come from?

From Allogene 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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