LianBio (LIANY) intrinsic value & 10-year financials

LianBio (LIANY) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.05
Market cap
$5.5M
Revenue (FY2022)
—
ROIC (10-yr avg)
35.7%
Free cash flow (FY2022)
-$101.0M

LIANY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2022 — -$110.3M -$1.02 -$101.0M — -80.1%
FY2021 — -$196.3M -$1.90 -$164.9M — 152.3%
FY2020 — -$139.6M -$1.29 -$99.0M — 35.0%
FY2019 — — — — — —

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

Executive summary

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

LianBio has historically struggled to out-earn its cost of capital, averaging just -14.5% ROIC.

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

Benjamin Graham lens

LianBio 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.

LIANY stock: frequently asked questions

What is the intrinsic value of LianBio (LIANY) stock?

Graham's formula only works with positive earnings. LianBio reported diluted EPS of -$1.02 in fiscal 2022, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does LianBio generate free cash flow?

LianBio generated -$101.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2022. Free cash flow was positive in 0 of the last 3 reported years.

What is LIANY's return on invested capital?

Average ROIC over the last 4 fiscal years was 35.7%, and average return on equity was -8.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LIANY data come from?

From LianBio's annual 10-K filings on SEC EDGAR, most recently filed Nov 13, 2023. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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