ANAPTYSBIO, Inc. (ANAB) intrinsic value & 10-year financials

ANAPTYSBIO, Inc. (ANAB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 34.1% a year to $234.6M, with an average return on invested capital of -170.3%.

Graham intrinsic value
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Share price (Oct 17, 2026)
$46.61
Market cap
$1.3B
Revenue (FY2025)
$234.6M
Revenue growth (10-yr CAGR)
34.1%
ROIC (10-yr avg)
-170.3%
Free cash flow (FY2025)
$19.6M

ANAB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $234.6M -$13.2M -$0.46 $19.6M 20.4% -42.2%
FY2024 $91.3M -$145.2M -$5.12 -$135.7M -125.9% -764.4%
FY2023 $17.2M -$163.6M -$6.08 -$121.6M -958.3% -118.8%
FY2022 $10.3M -$128.7M -$4.57 -$74.0M -1119.4% -259.5%
FY2021 $63.2M -$57.8M -$2.11 -$47.3M -89.9% -430.0%
FY2020 $75.0M -$19.9M -$0.73 -$14.7M -31.8% -12.5%
FY2019 $8.0M -$97.3M -$3.60 -$70.3M -1342.9% -45.7%
FY2018 $5.0M -$61.7M -$2.50 -$49.6M -1334.4% -16.8%
FY2017 $10.0M -$30.1M -$1.52 -$19.7M -287.8% -21.4%
FY2016 $16.7M -$4.3M -$1.62 -$9.1M -18.1% 7.9%

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

Executive summary

ANAPTYSBIO, INC is a consistent compounder, expanding top-line revenue at 34.1% annually over the past decade.

ANAPTYSBIO, INC has historically struggled to out-earn its cost of capital, averaging just -26.4% ROIC.

ANAPTYSBIO, 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, ANAPTYSBIO, INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-15.28 per share.

ANAB stock: frequently asked questions

What is the intrinsic value of ANAPTYSBIO, Inc. (ANAB) stock?

Graham's formula only works with positive earnings. ANAPTYSBIO, Inc. reported diluted EPS of -$0.46 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has ANAPTYSBIO, Inc. grown?

Revenue went from $16.7M in fiscal 2016 to $234.6M in fiscal 2025, a compound annual growth rate of 34.1%. Net income was -$13.2M in fiscal 2025.

Does ANAPTYSBIO, Inc. generate free cash flow?

ANAPTYSBIO, Inc. generated $19.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is ANAB's return on invested capital?

Average ROIC over the last 10 fiscal years was -170.3%, and average return on equity was -41.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ANAB data come from?

From ANAPTYSBIO, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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