Amylyx Pharmaceuticals, Inc. (AMLX) intrinsic value & 10-year financials

Amylyx Pharmaceuticals, Inc. (AMLX) has a Graham intrinsic value of $23.25 per share. At $26.34 on Oct 17, 2026, the stock trades 13% above that value. Over the last 6 fiscal years revenue grew 574.3% a year to $0, with an average return on invested capital of -67.0%.

Graham intrinsic value
$23.25
Share price (Oct 17, 2026)
$26.34
Price vs Graham value
13% above
Market cap
$2.5B
Revenue (FY2025)
$0
Revenue growth (6-yr CAGR)
574.3%
ROIC (10-yr avg)
-67.0%
Free cash flow (FY2025)
-$123.5M

AMLX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$144.7M -$1.53 -$123.5M — -179.1%
FY2024 $87.4M -$301.7M -$4.43 -$167.8M -360.2% -178.1%
FY2023 $380.8M $49.3M $0.70 $10.7M 10.2% 12.9%
FY2022 $22.2M -$198.4M -$3.39 -$182.4M -905.7% -71.3%
FY2021 $285.0K -$87.9M -$1.48 -$75.2M -29013.3% 80.7%
FY2020 — — — — — —

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

Executive summary

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

Amylyx Pharmaceuticals, Inc. has historically struggled to out-earn its cost of capital, averaging just -15.5% ROIC.

Amylyx Pharmaceuticals, 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, Amylyx Pharmaceuticals, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.25 per share.

AMLX stock: frequently asked questions

What is the intrinsic value of Amylyx Pharmaceuticals, Inc. (AMLX) 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, AMLX's intrinsic value is about $23.25 per share.

Is AMLX stock undervalued?

At $26.34 (close on Oct 17, 2026), AMLX trades 13% above its Graham value of $23.25. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Amylyx Pharmaceuticals, Inc. generate free cash flow?

Amylyx Pharmaceuticals, Inc. generated -$123.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 5 reported years.

What is AMLX's return on invested capital?

Average ROIC over the last 6 fiscal years was -67.0%, and average return on equity was -55.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AMLX data come from?

From Amylyx Pharmaceuticals, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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