Mbx Biosciences, Inc. (MBX) intrinsic value & 10-year financials

Mbx Biosciences, Inc. (MBX) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$49.61
Market cap
$1.8B
Revenue (FY2025)
—
ROIC (10-yr avg)
-44.8%
Free cash flow (FY2025)
-$81.9M

MBX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$87.0M -$2.38 -$81.9M — -39.0%
FY2024 — -$61.9M -$5.82 -$55.6M — -129.6%
FY2023 — -$32.6M -$3.20 -$32.1M — 34.3%
FY2022 — — — — — —

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

Executive summary

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

MBX Biosciences, Inc. has historically struggled to out-earn its cost of capital, averaging just -44.7% ROIC.

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

Benjamin Graham lens

MBX Biosciences, 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.

MBX stock: frequently asked questions

What is the intrinsic value of Mbx Biosciences, Inc. (MBX) stock?

Graham's formula only works with positive earnings. Mbx Biosciences, Inc. reported diluted EPS of -$2.38 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Mbx Biosciences, Inc. generate free cash flow?

Mbx Biosciences, Inc. generated -$81.9M 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 MBX's return on invested capital?

Average ROIC over the last 4 fiscal years was -44.8%, and average return on equity was -12.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MBX data come from?

From Mbx Biosciences, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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