enGene Therapeutics Inc. (ENGN) intrinsic value & 10-year financials

enGene Therapeutics Inc. (ENGN) has a Graham intrinsic value of $48.40 per share. At $1.67 on Oct 17, 2026, the stock trades 97% below that value.

Graham intrinsic value
$48.40
Share price (Oct 17, 2026)
$1.67
Price vs Graham value
97% below
Market cap
$85.4M
Revenue (FY2025)
—
ROIC (10-yr avg)
280.3%
Free cash flow (FY2025)
-$100.7M

ENGN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$117.3M $2.29 -$100.7M — -109.5%
FY2024 — -$55.1M $1.46 -$49.2M — -61.6%
FY2023 — -$99.9M $2.75 -$25.1M — 1262.6%
FY2022 — -$24.5M $0.81 -$17.7M — 29.9%
FY2021 — — — — — —

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

Executive summary

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

enGene Therapeutics Inc. has historically struggled to out-earn its cost of capital, averaging just -32.1% ROIC.

enGene Therapeutics 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, enGene Therapeutics Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $48.40 per share.

ENGN stock: frequently asked questions

What is the intrinsic value of enGene Therapeutics Inc. (ENGN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ENGN's intrinsic value is about $48.40 per share.

Is ENGN stock undervalued?

At $1.67 (close on Oct 17, 2026), ENGN trades 97% below its Graham value of $48.40. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does enGene Therapeutics Inc. generate free cash flow?

enGene Therapeutics Inc. generated -$100.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is ENGN's return on invested capital?

Average ROIC over the last 5 fiscal years was 280.3%, and average return on equity was 1198.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ENGN data come from?

From enGene Therapeutics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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