Oragenics Inc. (OGEN) intrinsic value & 10-year financials

Oragenics Inc. (OGEN) has a Graham intrinsic value of $235.73 per share. At $0.43 on Oct 17, 2026, the stock trades 100% below that value.

Graham intrinsic value
$235.73
Share price (Oct 17, 2026)
$0.43
Price vs Graham value
100% below
Market cap
$938.1K
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-34.2%
ROIC (10-yr avg)
1128.9%
Free cash flow (FY2025)
—

OGEN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$9.8M -$4.56 — — -228.9%
FY2024 — -$10.6M -$1.60 — — -714.9%
FY2023 $37.7K -$20.7M -$3.06 — -55519.9% -1190.6%
FY2022 $131.5K -$14.3M -$2.37 -$15.4M -10960.7% -2277.1%
FY2021 $87.0K -$15.7M — -$13.5M -18130.3% 4022.6%
FY2020 — -$26.4M — — — 7927.1%
FY2019 — -$15.6M — -$13.0M — 4257.1%
FY2018 — -$9.9M — -$9.2M — -73.5%
FY2017 $0 -$6.7M — — — -144.8%
FY2016 $0 -$7.0M — -$7.1M — -288.0%

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

Executive summary

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

ORAGENICS INC has historically struggled to out-earn its cost of capital, averaging just -10.3% ROIC.

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

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ORAGENICS INC is modeled at -34.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $235.73 per share.

OGEN stock: frequently asked questions

What is the intrinsic value of Oragenics Inc. (OGEN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -34.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, OGEN's intrinsic value is about $235.73 per share.

Is OGEN stock undervalued?

At $0.43 (close on Oct 17, 2026), OGEN trades 100% below its Graham value of $235.73. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is OGEN's return on invested capital?

Average ROIC over the last 10 fiscal years was 1128.9%, and average return on equity was -205.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this OGEN data come from?

From Oragenics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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