GRAIL, Inc. (GRAL) intrinsic value & 10-year financials
GRAIL, Inc. (GRAL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 25.7% a year to $147.2M, with an average return on invested capital of -52.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $117.81
- Market cap
- $4.3B
- Revenue (FY2025)
- $147.2M
- Revenue growth (4-yr CAGR)
- 25.7%
- ROIC (10-yr avg)
- -52.9%
- Free cash flow (FY2025)
- -$299.9M
GRAL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $147.2M | -$408.4M | -$11.11 | -$299.9M | -382.0% | -18.2% |
| FY2024 | $125.6M | -$2.0B | -$63.54 | -$582.4M | -1743.0% | -87.5% |
| FY2023 | $93.1M | -$1.5B | -$47.21 | -$608.7M | -1627.6% | — |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GRAIL, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
GRAIL, Inc. has historically struggled to out-earn its cost of capital, averaging just -52.9% ROIC.
GRAIL, 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, GRAIL, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-369.03 per share.