ARVINAS, Inc. (ARVN) intrinsic value & 10-year financials

ARVINAS, Inc. (ARVN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 55.8% a year to $262.6M, with an average return on invested capital of -64.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$6.97
Market cap
$494.2M
Revenue (FY2025)
$262.6M
Revenue growth (10-yr CAGR)
55.8%
ROIC (10-yr avg)
-64.2%
Free cash flow (FY2025)
-$275.7M

ARVN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $262.6M -$80.8M -$1.14 -$275.7M -45.1% -30.9%
FY2024 $263.4M -$198.9M -$2.77 -$261.1M -95.0% -61.1%
FY2023 $78.5M -$367.3M -$6.62 -$350.7M -511.5% -95.9%
FY2022 $131.4M -$282.5M -$5.31 -$280.3M -200.3% -45.2%
FY2021 $46.7M -$191.0M -$3.82 $554.7M -418.2% -53.2%
FY2020 $21.8M -$119.3M -$3.02 -$96.2M -572.7% -89.8%
FY2019 $18.3M -$70.3M -$2.13 -$46.9M -281.6% -28.9%
FY2018 $14.3M -$41.5M — -$18.9M -306.3% -200.0%
FY2017 $7.6M -$24.0M — $4.1M -326.7% 27.0%
FY2016 — — — — — —

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

Executive summary

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

ARVINAS, INC. has historically struggled to out-earn its cost of capital, averaging just -42.2% ROIC.

ARVINAS, 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, ARVINAS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-37.87 per share.

ARVN stock: frequently asked questions

What is the intrinsic value of ARVINAS, Inc. (ARVN) stock?

Graham's formula only works with positive earnings. ARVINAS, Inc. reported diluted EPS of -$1.14 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does ARVINAS, Inc. generate free cash flow?

ARVINAS, Inc. generated -$275.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 9 reported years.

What is ARVN's return on invested capital?

Average ROIC over the last 10 fiscal years was -64.2%, and average return on equity was -33.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ARVN data come from?

From ARVINAS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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