Niocorp Developments Ltd. (NB) intrinsic value & 10-year financials

Niocorp Developments Ltd. (NB) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$3.12
Market cap
$140.9M
Revenue (FY2025)
—
ROIC (10-yr avg)
-1523.5%
Free cash flow (FY2025)
—

NB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$18.0M -$0.36 — — -1898.8%
FY2024 — -$11.9M -$0.31 — — 169.3%
FY2023 — -$40.3M — — — -12655.6%
FY2022 — -$9.9M — — — -104.9%
FY2021 — -$4.4M — — — -112.3%
FY2020 — -$4.0M — — — -74.8%
FY2019 — -$7.3M — — — -83.7%
FY2018 — -$8.5M — — — -99.0%
FY2017 — -$14.6M — — — -190.9%
FY2016 — -$11.4M — -$11.0M — -184.2%

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

Executive summary

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

NIOCORP DEVELOPMENTS LTD has historically struggled to out-earn its cost of capital, averaging just -62.2% ROIC.

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

Benjamin Graham lens

NIOCORP DEVELOPMENTS LTD 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.

NB stock: frequently asked questions

What is the intrinsic value of Niocorp Developments Ltd. (NB) stock?

Graham's formula only works with positive earnings. Niocorp Developments Ltd. reported diluted EPS of -$0.36 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is NB's return on invested capital?

Average ROIC over the last 10 fiscal years was -1523.5%, and average return on equity was -207.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NB data come from?

From Niocorp Developments Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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