Corbus Pharmaceuticals Holdings, Inc. (CRBP) intrinsic value & 10-year financials

Corbus Pharmaceuticals Holdings, Inc. (CRBP) has a Graham intrinsic value of $102.72 per share. At $4.52 on Oct 17, 2026, the stock trades 96% below that value.

Graham intrinsic value
$102.72
Share price (Oct 17, 2026)
$4.52
Price vs Graham value
96% below
Market cap
$60.2M
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-14.3%
ROIC (10-yr avg)
221.7%
Free cash flow (FY2025)
-$64.5M

CRBP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$78.5M -$5.90 -$64.5M — -69.4%
FY2024 — -$40.2M -$3.68 — — -77.7%
FY2023 — -$44.6M -$10.31 — — -235.0%
FY2022 $0 -$42.3M -$10.15 -$37.6M — -78.3%
FY2021 $881.7K -$45.6M -$11.15 -$48.2M -6350.1% -167.6%
FY2020 $3.9M -$111.3M — -$100.2M -3119.2% 716.3%
FY2019 $36.1M -$71.5M — -$48.5M -213.3% 489.5%
FY2018 $4.8M -$55.7M — -$32.4M -1176.8% 659.8%
FY2017 $2.4M -$32.4M — -$28.5M -1334.4% 634.3%
FY2016 $1.9M -$20.0M — -$13.9M -1045.6% 344.7%

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

Executive summary

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

Corbus Pharmaceuticals Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -20.1% ROIC.

Corbus Pharmaceuticals Holdings, 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, Corbus Pharmaceuticals Holdings, Inc. is modeled at -14.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $102.72 per share.

CRBP stock: frequently asked questions

What is the intrinsic value of Corbus Pharmaceuticals Holdings, Inc. (CRBP) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -14.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CRBP's intrinsic value is about $102.72 per share.

Is CRBP stock undervalued?

At $4.52 (close on Oct 17, 2026), CRBP trades 96% below its Graham value of $102.72. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Corbus Pharmaceuticals Holdings, Inc. generate free cash flow?

Corbus Pharmaceuticals Holdings, Inc. generated -$64.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is CRBP's return on invested capital?

Average ROIC over the last 10 fiscal years was 221.7%, and average return on equity was -192.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRBP data come from?

From Corbus Pharmaceuticals Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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