Cingulate Inc. (CING) intrinsic value & 10-year financials

Cingulate Inc. (CING) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.36
Market cap
$22.0M
Revenue (FY2025)
—
ROIC (10-yr avg)
-155.1%
Free cash flow (FY2025)
-$17.4M

CING 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$22.4M -$4.44 -$17.4M — 305.7%
FY2024 — -$15.5M -$10.20 -$18.7M — 229.1%
FY2023 — -$23.5M -$26.00 -$15.3M — 607.3%
FY2022 — -$17.7M -$29.35 -$16.0M — -831.3%
FY2021 — -$20.7M — -$11.2M — -645.0%
FY2020 — -$7.2M — -$7.2M — -596.2%
FY2019 — — — — — —

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

Executive summary

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

Cingulate Inc. has historically struggled to out-earn its cost of capital, averaging just -1.6% ROIC.

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

Benjamin Graham lens

Cingulate 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.

CING stock: frequently asked questions

What is the intrinsic value of Cingulate Inc. (CING) stock?

Graham's formula only works with positive earnings. Cingulate Inc. reported diluted EPS of -$4.44 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Cingulate Inc. generate free cash flow?

Cingulate Inc. generated -$17.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is CING's return on invested capital?

Average ROIC over the last 7 fiscal years was -155.1%, and average return on equity was -877.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CING data come from?

From Cingulate Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar pharmaceutical preparations stocks