Allurion TECHNOLOGIES, Inc. (ALUR) intrinsic value & 10-year financials

Allurion TECHNOLOGIES, Inc. (ALUR) has a Graham intrinsic value of $222.53 per share. At $0.47 on Oct 17, 2026, the stock trades 100% below that value. Over the last 5 fiscal years revenue shrank 38.1% a year to $15.2M, with an average return on invested capital of 69.0%.

Graham intrinsic value
$222.53
Share price (Oct 17, 2026)
$0.47
Price vs Graham value
100% below
Market cap
$3.6M
Revenue (FY2025)
$15.2M
Revenue growth (5-yr CAGR)
-38.1%
ROIC (10-yr avg)
69.0%
Free cash flow (FY2025)
—

ALUR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $15.2M -$28.8M -$3.81 — -198.0% 43.6%
FY2024 $32.1M -$26.1M -$11.64 -$42.9M -156.3% 81.0%
FY2023 $53.5M -$80.6M -$2.31 -$65.6M -147.9% 323.1%
FY2022 $64.2M -$37.7M -$1.51 -$48.5M -49.9% -171.8%
FY2021 — — — — — —

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

Executive summary

ALLURION TECHNOLOGIES, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ALLURION TECHNOLOGIES, INC. has earned high returns on invested capital, averaging 31.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

ALLURION TECHNOLOGIES, 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, ALLURION TECHNOLOGIES, INC. is modeled at -38.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $222.53 per share.

ALUR stock: frequently asked questions

What is the intrinsic value of Allurion TECHNOLOGIES, Inc. (ALUR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -38.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ALUR's intrinsic value is about $222.53 per share.

Is ALUR stock undervalued?

At $0.47 (close on Oct 17, 2026), ALUR trades 100% below its Graham value of $222.53. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is ALUR's return on invested capital?

Average ROIC over the last 5 fiscal years was 69.0%, and average return on equity was 126.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ALUR data come from?

From Allurion TECHNOLOGIES, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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