Erasca, Inc. (ERAS) intrinsic value & 10-year financials

Erasca, Inc. (ERAS) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$13.39
Market cap
$3.8B
Revenue (FY2025)
—
ROIC (10-yr avg)
22.8%
Free cash flow (FY2025)
-$95.6M

ERAS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$124.5M -$0.44 -$95.6M — -40.5%
FY2024 — -$161.7M -$0.69 -$109.5M — -52.9%
FY2023 — -$125.0M -$0.83 -$103.0M — -54.7%
FY2022 — -$242.8M -$1.99 -$117.8M — -164.1%
FY2021 — -$122.8M -$1.85 -$90.8M — 391.6%
FY2020 — -$101.7M — -$33.6M — 57.4%
FY2019 — — — — — —

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

Executive summary

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

Erasca, Inc. has historically struggled to out-earn its cost of capital, averaging just -14.7% ROIC.

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

Benjamin Graham lens

Erasca, 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.

ERAS stock: frequently asked questions

What is the intrinsic value of Erasca, Inc. (ERAS) stock?

Graham's formula only works with positive earnings. Erasca, Inc. reported diluted EPS of -$0.44 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Erasca, Inc. generate free cash flow?

Erasca, Inc. generated -$95.6M 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 ERAS's return on invested capital?

Average ROIC over the last 7 fiscal years was 22.8%, and average return on equity was -13.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ERAS data come from?

From Erasca, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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