FibroBiologics, Inc. (FBLG) intrinsic value & 10-year financials

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

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.97
Market cap
$43.4M
Revenue (FY2025)
—
ROIC (10-yr avg)
219.9%
Free cash flow (FY2025)
-$16.7M

FBLG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$18.6M -$0.42 -$16.7M — 456.1%
FY2024 — -$11.2M -$0.34 -$12.1M — 163.6%
FY2023 — -$16.5M -$0.68 -$6.9M — 161.0%
FY2022 — -$5.1M -$0.18 — — 98.9%
FY2021 — — — — — —

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

Executive summary

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

FibroBiologics, Inc. has earned high returns on invested capital, averaging 26.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

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

Benjamin Graham lens

FibroBiologics, 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.

FBLG stock: frequently asked questions

What is the intrinsic value of FibroBiologics, Inc. (FBLG) stock?

Graham's formula only works with positive earnings. FibroBiologics, Inc. reported diluted EPS of -$0.42 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does FibroBiologics, Inc. generate free cash flow?

FibroBiologics, Inc. generated -$16.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is FBLG's return on invested capital?

Average ROIC over the last 5 fiscal years was 219.9%, and average return on equity was 104.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FBLG data come from?

From FibroBiologics, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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