Myriad Genetics Inc. (MYGN) intrinsic value & 10-year financials

Myriad Genetics Inc. (MYGN) has a Graham intrinsic value of $0.56 per share. At $3.98 on Oct 17, 2026, the stock trades 611% above that value. Over the last 10 fiscal years revenue grew 1.2% a year to $824.5M, with an average return on invested capital of -11.5%.

Graham intrinsic value
$0.56
Share price (Oct 17, 2026)
$3.98
Price vs Graham value
611% above
Market cap
$368.5M
Revenue (FY2025)
$824.5M
Revenue growth (10-yr CAGR)
1.2%
ROIC (10-yr avg)
-11.5%
Free cash flow (FY2025)
-$13.8M

MYGN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $824.5M -$365.9M -$3.95 -$13.8M -47.0% -62.5%
FY2024 $837.6M -$127.3M -$1.41 -$27.7M -14.7% -16.3%
FY2023 $753.2M -$263.3M -$3.18 -$174.1M -34.2% -29.5%
FY2022 $678.4M -$112.0M -$1.39 -$151.6M -20.7% -12.8%
FY2021 $690.6M -$27.2M -$0.35 $200.0K -27.6% -10.4%
FY2020 $638.6M -$199.5M -$2.69 $50.5M -36.3% -18.3%
FY2019 $851.1M $4.6M $0.06 $75.1M 0.9% 0.7%
FY2018 $772.6M $131.1M $1.82 $107.5M 15.4% 14.5%
FY2017 $769.9M $21.8M $0.32 $100.1M 6.4% 3.2%
FY2016 $740.5M $125.3M $1.71 $161.3M 22.5% 16.5%

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

Executive summary

MYRIAD GENETICS INC has demonstrated mature, steady growth, with revenue compounding at 1.2% annually over the past decade.

MYRIAD GENETICS INC has historically struggled to out-earn its cost of capital, averaging just -11.5% ROIC.

MYRIAD GENETICS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, MYRIAD GENETICS INC is modeled at 1.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.56 per share.

MYGN stock: frequently asked questions

What is the intrinsic value of Myriad Genetics Inc. (MYGN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 1.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MYGN's intrinsic value is about $0.56 per share.

Is MYGN stock undervalued?

At $3.98 (close on Oct 17, 2026), MYGN trades 611% above its Graham value of $0.56. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Myriad Genetics Inc. grown?

Revenue went from $740.5M in fiscal 2016 to $824.5M in fiscal 2025, a compound annual growth rate of 1.2%. Net income was -$365.9M in fiscal 2025.

Does Myriad Genetics Inc. generate free cash flow?

Myriad Genetics Inc. generated -$13.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 10 reported years.

What is MYGN's return on invested capital?

Average ROIC over the last 10 fiscal years was -11.5%, and average return on equity was -11.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MYGN data come from?

From Myriad Genetics Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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