BIOVIE INC. (BIVI) intrinsic value & 10-year financials

BIOVIE INC. (BIVI) 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)
$1.20
Market cap
$1.8M
Revenue (FY2025)
—
ROIC (10-yr avg)
177.3%
Free cash flow (FY2025)
—

BIVI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$17.5M -$12.12 — — 561.8%
FY2024 — -$32.1M -$7.30 — — 532.4%
FY2023 — -$50.3M -$1.55 — — 530.1%
FY2022 — -$26.1M -$1.06 — — 175.3%
FY2021 — -$130.2M -$7.41 — — 606.6%
FY2020 — -$16.7M -$3.42 — — 77.7%
FY2019 — -$2.4M -$0.24 — — -218.0%
FY2018 — -$2.4M — — — -383.8%
FY2017 — -$1.3M — — — -86.6%
FY2016 — -$431.9K — — — -22.5%

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

Executive summary

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

BIOVIE INC. has historically struggled to out-earn its cost of capital, averaging just -1.3% ROIC.

BIOVIE INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

BIOVIE INC. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

BIVI stock: frequently asked questions

What is the intrinsic value of BIOVIE INC. (BIVI) stock?

Graham's formula only works with positive earnings. BIOVIE INC. reported diluted EPS of -$12.12 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is BIVI's return on invested capital?

Average ROIC over the last 10 fiscal years was 177.3%, and average return on equity was -39.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BIVI data come from?

From BIOVIE INC.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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