Jazz Pharmaceuticals PLC (JAZZ) intrinsic value & 10-year financials

Jazz Pharmaceuticals PLC (JAZZ) has a Graham intrinsic value of $248.81 per share. At $210.23 on Oct 17, 2026, the stock trades 16% below that value. Over the last 10 fiscal years revenue grew 12.4% a year to $4.3B, with an average return on invested capital of 7.5%.

Graham intrinsic value
$248.81
Share price (Oct 17, 2026)
$210.23
Price vs Graham value
16% below
Market cap
$12.8B
Revenue (FY2025)
$4.3B
Revenue growth (10-yr CAGR)
12.4%
ROIC (10-yr avg)
7.5%
Free cash flow (FY2025)
$1.3B

JAZZ 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.3B -$356.1M -$5.84 $1.3B -10.1% -3.0%
FY2024 $4.1B $560.1M $8.65 $1.4B 17.6% 9.0%
FY2023 $3.8B $414.8M $6.10 $1.1B 15.1% 7.2%
FY2022 $3.7B -$224.1M -$3.58 $1.2B -1.8% -0.4%
FY2021 $3.1B -$329.7M -$5.52 $750.9M 5.5% 2.4%
FY2020 $2.4B $238.6M $4.22 $884.6M 16.0% 7.3%
FY2019 $2.2B $523.4M $9.09 $736.3M 24.6% 12.9%
FY2018 $1.9B $447.1M $7.30 $778.5M 32.5% 13.1%
FY2017 $1.6B $487.8M $7.96 $664.1M 32.7% 14.2%
FY2016 $1.5B $396.8M $6.41 $582.7M 39.8% 12.5%

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

Executive summary

Jazz Pharmaceuticals plc is a consistent compounder, expanding top-line revenue at 12.4% annually over the past decade.

Jazz Pharmaceuticals plc has historically struggled to out-earn its cost of capital, averaging just 7.5% ROIC.

Over the decade, Jazz Pharmaceuticals plc shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Jazz Pharmaceuticals plc is modeled at 12.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $248.81 per share.

JAZZ stock: frequently asked questions

What is the intrinsic value of Jazz Pharmaceuticals PLC (JAZZ) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JAZZ's intrinsic value is about $248.81 per share.

Is JAZZ stock undervalued?

At $210.23 (close on Oct 17, 2026), JAZZ trades 16% below its Graham value of $248.81. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Jazz Pharmaceuticals PLC grown?

Revenue went from $1.5B in fiscal 2016 to $4.3B in fiscal 2025, a compound annual growth rate of 12.4%. Net income was -$356.1M in fiscal 2025.

Does Jazz Pharmaceuticals PLC generate free cash flow?

Jazz Pharmaceuticals PLC generated $1.3B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is JAZZ's return on invested capital?

Average ROIC over the last 10 fiscal years was 7.5%, and average return on equity was 8.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JAZZ data come from?

From Jazz Pharmaceuticals PLC'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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