Aptevo Therapeutics Inc. (APVO) intrinsic value & 10-year financials

Aptevo Therapeutics Inc. (APVO) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
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Share price (Oct 17, 2026)
$1.62
Market cap
$511.2K
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-33.6%
ROIC (10-yr avg)
-3140.2%
Free cash flow (FY2025)
—

APVO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$26.0M -$87.27 — — -26986.7%
FY2024 — -$24.1M -$87.38 — — -3487.0%
FY2023 — -$17.4M -$1.42 — — -623.2%
FY2022 $3.1M $8.0M $1.57 -$21.1M -919.7% -72.2%
FY2021 $12.3M -$28.5M -$6.07 -$22.4M -174.1% 381.5%
FY2020 $4.3M -$17.8M — -$29.4M -638.1% -102.1%
FY2019 $32.4M -$40.4M — -$42.5M -131.4% -194.3%
FY2018 $23.1M -$53.7M — -$52.4M -224.0% -95.0%
FY2017 $14.7M $7.0M — -$43.0M -368.1% -35.2%
FY2016 $36.4M -$112.4M — -$39.4M -348.4% -188.5%

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

Executive summary

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

Aptevo Therapeutics Inc. has historically struggled to out-earn its cost of capital, averaging just -61.5% ROIC.

Aptevo Therapeutics Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Aptevo Therapeutics Inc. is modeled at -33.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-79.59 per share.

APVO stock: frequently asked questions

What is the intrinsic value of Aptevo Therapeutics Inc. (APVO) stock?

Graham's formula only works with positive earnings. Aptevo Therapeutics Inc. reported diluted EPS of -$87.27 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is APVO's return on invested capital?

Average ROIC over the last 10 fiscal years was -3140.2%, and average return on equity was -149.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this APVO data come from?

From Aptevo 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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