NANOVIRICIDES, Inc. (NNVC) intrinsic value & 10-year financials

NANOVIRICIDES, Inc. (NNVC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue reached to $0, with an average return on invested capital of -85.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.38
Market cap
$20.9M
Revenue (FY2025)
$0
ROIC (10-yr avg)
-85.6%
Free cash flow (FY2025)
-$8.5M

NNVC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$9.5M -$0.63 -$8.5M — -99.7%
FY2024 $0 -$8.3M -$0.70 -$6.5M — -63.0%
FY2023 $0 -$8.6M -$0.74 -$5.8M — -45.3%
FY2022 — -$8.1M -$0.70 -$6.2M — -30.6%
FY2021 — -$8.8M -$0.81 -$8.5M — -34.1%
FY2020 — -$13.4M — -$6.7M — -49.4%
FY2019 — -$8.4M — -$6.9M — -61.3%
FY2018 — -$8.6M -$0.13 -$8.0M — -49.1%
FY2017 — -$10.3M -$0.17 -$8.1M — -220.2%
FY2016 — -$10.7M -$0.19 -$7.3M — -203.2%

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

Executive summary

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

NANOVIRICIDES, INC. has historically struggled to out-earn its cost of capital, averaging just -43.7% ROIC.

Over the decade, NANOVIRICIDES, INC. shows that management has aggressively returned capital to shareholders by retiring 73.8% of outstanding shares.

Benjamin Graham lens

NANOVIRICIDES, 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.

NNVC stock: frequently asked questions

What is the intrinsic value of NANOVIRICIDES, Inc. (NNVC) stock?

Graham's formula only works with positive earnings. NANOVIRICIDES, Inc. reported diluted EPS of -$0.63 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does NANOVIRICIDES, Inc. generate free cash flow?

NANOVIRICIDES, Inc. generated -$8.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is NNVC's return on invested capital?

Average ROIC over the last 10 fiscal years was -85.6%, and average return on equity was -55.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NNVC data come from?

From NANOVIRICIDES, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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