Oramed Pharmaceuticals Inc. (ORMP) intrinsic value & 10-year financials

Oramed Pharmaceuticals Inc. (ORMP) has a Graham intrinsic value of $49.82 per share. At $4.07 on Oct 17, 2026, the stock trades 92% below that value. Over the last 10 fiscal years revenue grew 13.5% a year to $2.0M, with an average return on invested capital of -37.2%.

Graham intrinsic value
$49.82
Share price (Oct 17, 2026)
$4.07
Price vs Graham value
92% below
Market cap
$172.6M
Revenue (FY2025)
$2.0M
Revenue growth (10-yr CAGR)
13.5%
ROIC (10-yr avg)
-37.2%
Free cash flow (FY2025)
-$9.2M

ORMP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.0M $64.0M $1.50 -$9.2M -754.4% -10.4%
FY2024 — -$19.1M -$0.48 -$8.4M — -8.6%
FY2023 $1.3M $5.5M $0.14 -$10.5M -1176.8% 3.5%
FY2022 $2.7M -$36.6M $0.94 -$28.4M -1502.0% -53.8%
FY2021 $2.7M -$23.0M — -$21.6M -896.2% -87.5%
FY2020 $2.7M -$11.5M — -$12.5M -433.8% -54.8%
FY2019 $2.7M -$14.4M — -$13.0M -541.3% -42.8%
FY2018 $2.4M -$12.7M — -$14.7M -552.3% -31.9%
FY2017 $2.5M -$10.5M — -$5.8M -438.6% -47.4%
FY2016 $641.0K -$11.0M — $4.6M -1561.6% -38.2%

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

Executive summary

ORAMED PHARMACEUTICALS INC. is a consistent compounder, expanding top-line revenue at 13.5% annually over the past decade.

ORAMED PHARMACEUTICALS INC. has historically struggled to out-earn its cost of capital, averaging just -37.2% ROIC.

ORAMED PHARMACEUTICALS 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, ORAMED PHARMACEUTICALS INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $49.82 per share.

ORMP stock: frequently asked questions

What is the intrinsic value of Oramed Pharmaceuticals Inc. (ORMP) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ORMP's intrinsic value is about $49.82 per share.

Is ORMP stock undervalued?

At $4.07 (close on Oct 17, 2026), ORMP trades 92% below its Graham value of $49.82. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Oramed Pharmaceuticals Inc. grown?

Revenue went from $641.0K in fiscal 2016 to $2.0M in fiscal 2025, a compound annual growth rate of 13.5%. Net income was $64.0M in fiscal 2025.

Does Oramed Pharmaceuticals Inc. generate free cash flow?

Oramed Pharmaceuticals Inc. generated -$9.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is ORMP's return on invested capital?

Average ROIC over the last 10 fiscal years was -37.2%, and average return on equity was -26.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ORMP data come from?

From Oramed Pharmaceuticals Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 19, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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