Certara, Inc. (CERT) intrinsic value & 10-year financials

Certara, Inc. (CERT) has a Graham intrinsic value of $2.57 per share. At $9.37 on Oct 17, 2026, the stock trades 265% above that value. Over the last 8 fiscal years revenue grew 12.3% a year to $418.8M, with an average return on invested capital of 0.3%.

Graham intrinsic value
$2.57
Share price (Oct 17, 2026)
$9.37
Price vs Graham value
265% above
Market cap
$1.5B
Revenue (FY2025)
$418.8M
Revenue growth (8-yr CAGR)
12.3%
ROIC (10-yr avg)
0.3%
Free cash flow (FY2025)
$94.6M

CERT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $418.8M -$1.6M -$0.01 $94.6M 5.0% 0.9%
FY2024 $385.1M -$12.1M -$0.08 $78.8M -0.4% -0.1%
FY2023 $354.3M -$55.4M -$0.35 $81.0M -11.5% -3.6%
FY2022 $335.6M $14.7M $0.09 $91.1M 9.7% 2.2%
FY2021 $286.1M -$13.3M -$0.09 $59.2M 4.7% 1.4%
FY2020 $243.5M -$49.4M -$0.37 $43.9M -10.0% -2.8%
FY2019 $208.5M -$8.9M -$0.07 $35.9M 9.4% 3.9%
FY2018 — — — — — —

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

Executive summary

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

Certara, Inc. has historically struggled to out-earn its cost of capital, averaging just -0.3% ROIC.

Certara, 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, Certara, Inc. is modeled at 12.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.57 per share.

CERT stock: frequently asked questions

What is the intrinsic value of Certara, Inc. (CERT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CERT's intrinsic value is about $2.57 per share.

Is CERT stock undervalued?

At $9.37 (close on Oct 17, 2026), CERT trades 265% above its Graham value of $2.57. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Certara, Inc. generate free cash flow?

Certara, Inc. generated $94.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 7 reported years.

What is CERT's return on invested capital?

Average ROIC over the last 8 fiscal years was 0.3%, and average return on equity was -2.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CERT data come from?

From Certara, 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.

Similar prepackaged software stocks