Processa Pharmaceuticals, Inc. (PCSA) intrinsic value & 10-year financials

Processa Pharmaceuticals, Inc. (PCSA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
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Share price (Oct 17, 2026)
$1.69
Market cap
$2.2M
Revenue (FY2025)
—
ROIC (10-yr avg)
-776.2%
Free cash flow (FY2025)
—

PCSA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$13.6M -$10.36 — — -2684.1%
FY2024 — -$11.9M -$3.87 -$11.2M — -2771.3%
FY2023 — -$11.1M -$8.48 -$8.1M — -1515.6%
FY2022 $0 -$27.4M -$34.05 — — -542.4%
FY2021 $0 -$11.4M — — — -139.7%
FY2020 — -$14.4M — — — -187.8%
FY2019 — -$3.4M — — — -44.7%
FY2018 — -$3.8M — — — -72.5%
FY2017 — -$1.9M -$0.06 -$1.7M — 182.2%
FY2016 $5.0K -$336.0K -$0.07 -$67.0K -38430.4% 14.3%

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

Executive summary

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

Processa Pharmaceuticals, Inc. has historically struggled to out-earn its cost of capital, averaging just -31.8% ROIC.

Over the decade, Processa Pharmaceuticals, Inc. shows that management has aggressively returned capital to shareholders by retiring 95.5% of outstanding shares.

Benjamin Graham lens

Processa Pharmaceuticals, 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.

PCSA stock: frequently asked questions

What is the intrinsic value of Processa Pharmaceuticals, Inc. (PCSA) stock?

Graham's formula only works with positive earnings. Processa Pharmaceuticals, Inc. reported diluted EPS of -$10.36 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is PCSA's return on invested capital?

Average ROIC over the last 10 fiscal years was -776.2%, and average return on equity was -112.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PCSA data come from?

From Processa Pharmaceuticals, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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