Pds Biotechnology Corp. (PDSB) intrinsic value & 10-year financials

Pds Biotechnology Corp. (PDSB) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.13
Market cap
$52.4M
Revenue (FY2025)
—
ROIC (10-yr avg)
791.2%
Free cash flow (FY2025)
-$27.8M

PDSB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$34.5M -$0.74 -$27.8M — 152.3%
FY2024 — -$37.6M -$1.03 -$35.1M — 134.1%
FY2023 — -$42.9M -$1.39 -$33.6M — 139.0%
FY2022 — -$40.9M -$1.43 — — 257.4%
FY2021 — -$16.9M -$0.66 — — 1120.5%
FY2020 — -$14.8M -$0.89 — — 1770.2%
FY2019 — -$7.0M — — — 4533.0%
FY2018 — -$40.9M — -$33.2M — -87.5%
FY2017 — -$50.9M — -$40.9M — -65.2%
FY2016 — -$38.8M — -$32.9M — -42.2%

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

Executive summary

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

PDS Biotechnology Corp has earned high returns on invested capital, averaging 15.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

PDS Biotechnology Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

PDS Biotechnology Corp 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.

PDSB stock: frequently asked questions

What is the intrinsic value of Pds Biotechnology Corp. (PDSB) stock?

Graham's formula only works with positive earnings. Pds Biotechnology Corp. reported diluted EPS of -$0.74 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Pds Biotechnology Corp. generate free cash flow?

Pds Biotechnology Corp. generated -$27.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is PDSB's return on invested capital?

Average ROIC over the last 10 fiscal years was 791.2%, and average return on equity was -95.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PDSB data come from?

From Pds Biotechnology Corp.'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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