Indivior Pharmaceuticals, Inc. (INDV) intrinsic value & 10-year financials

Indivior Pharmaceuticals, Inc. (INDV) has a Graham intrinsic value of $23.06 per share. At $32.45 on Oct 17, 2026, the stock trades 41% above that value. Over the last 7 fiscal years revenue grew 11.9% a year to $1.2B, with an average return on invested capital of -34.4%.

Graham intrinsic value
$23.06
Share price (Oct 17, 2026)
$32.45
Price vs Graham value
41% above
Market cap
$4.2B
Revenue (FY2025)
$1.2B
Revenue growth (7-yr CAGR)
11.9%
ROIC (10-yr avg)
-34.4%
Free cash flow (FY2025)
-$93.0M

INDV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.2B $210.0M $1.64 -$93.0M 21.1% -181.3%
FY2024 $1.2B $2.0M $0.02 $7.0M 2.7% -6.4%
FY2023 $1.1B -$129.0M -$0.94 -$308.0M -14.3% 40.6%
FY2022 $901.0M -$44.0M -$0.32 -$9.0M -9.0% 7.1%
FY2021 $791.0M $205.0M — $349.0M 26.9% -32.0%
FY2020 — — — — — —
FY2014 — — — — — —

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

Executive summary

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

Indivior Pharmaceuticals, Inc. has historically struggled to out-earn its cost of capital, averaging just 1.5% ROIC.

Indivior Pharmaceuticals, 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, Indivior Pharmaceuticals, Inc. is modeled at 3.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.06 per share.

INDV stock: frequently asked questions

What is the intrinsic value of Indivior Pharmaceuticals, Inc. (INDV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 3.9% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, INDV's intrinsic value is about $23.06 per share.

Is INDV stock undervalued?

At $32.45 (close on Oct 17, 2026), INDV trades 41% above its Graham value of $23.06. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Indivior Pharmaceuticals, Inc. generate free cash flow?

Indivior Pharmaceuticals, Inc. generated -$93.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 5 reported years.

What is INDV's return on invested capital?

Average ROIC over the last 7 fiscal years was -34.4%, and average return on equity was 28.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INDV data come from?

From Indivior Pharmaceuticals, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 3, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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