Dianthus Therapeutics, Inc. /DE/ (DNTH) intrinsic value & 10-year financials

Dianthus Therapeutics, Inc. /DE/ (DNTH) has a Graham intrinsic value of $78.78 per share. At $72.09 on Oct 17, 2026, the stock trades 8% below that value. Over the last 10 fiscal years revenue shrank 15.1% a year to $2.0M, with an average return on invested capital of -56.1%.

Graham intrinsic value
$78.78
Share price (Oct 17, 2026)
$72.09
Price vs Graham value
8% below
Market cap
$2.8B
Revenue (FY2025)
$2.0M
Revenue growth (10-yr CAGR)
-15.1%
ROIC (10-yr avg)
-56.1%
Free cash flow (FY2025)
—

DNTH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.0M -$162.3M -$4.20 — -8739.3% -46.0%
FY2024 $6.2M -$85.0M -$2.55 — -1633.7% -55.4%
FY2023 $2.8M -$43.6M -$8.45 — -1704.7% -112.7%
FY2022 — -$76.5M -$1.29 -$67.4M — -180.2%
FY2021 — -$71.1M -$1.29 -$60.8M — -182.1%
FY2020 — -$74.9M -$1.71 -$64.4M — -55.2%
FY2019 $0 -$76.8M — -$60.2M — -57.9%
FY2018 $0 -$57.5M — -$49.6M — -115.8%
FY2017 $0 -$35.5M — -$24.5M — 140.1%
FY2016 $0 -$9.4M — -$6.7M — 104.4%

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

Executive summary

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

Dianthus Therapeutics, Inc. /DE/ has historically struggled to out-earn its cost of capital, averaging just -43.5% ROIC.

Dianthus Therapeutics, Inc. /DE/ 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, Dianthus Therapeutics, Inc. /DE/ is modeled at -15.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $78.78 per share.

DNTH stock: frequently asked questions

What is the intrinsic value of Dianthus Therapeutics, Inc. /DE/ (DNTH) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -15.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, DNTH's intrinsic value is about $78.78 per share.

Is DNTH stock undervalued?

At $72.09 (close on Oct 17, 2026), DNTH trades 8% below its Graham value of $78.78. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Dianthus Therapeutics, Inc. /DE/ grown?

Revenue went from $0 in fiscal 2016 to $2.0M in fiscal 2025, a compound annual growth rate of -15.1%. Net income was -$162.3M in fiscal 2025.

What is DNTH's return on invested capital?

Average ROIC over the last 10 fiscal years was -56.1%, and average return on equity was -17.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DNTH data come from?

From Dianthus Therapeutics, Inc. /DE/'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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