Pharvaris N.V. (PHVS) intrinsic value & 10-year financials

Pharvaris N.V. (PHVS) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Revenue (FY2025)
—
ROIC (10-yr avg)
-52.1%
Free cash flow (FY2025)
-€137.2M

PHVS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -€175.7M -€2.97 -€137.2M — -64.5%
FY2024 — -€134.2M -€2.48 -€120.7M — -40.6%
FY2023 — -€100.9M -€2.63 -€93.1M — -37.4%
FY2022 — -€76.3M -€2.27 -€67.3M — -42.7%
FY2021 — -€42.7M -€1.40 -€44.7M — -28.4%
FY2020 — -€26.0M — -€21.5M — -45.4%
FY2019 — -€8.0M — -€6.7M — -68.0%
FY2018 — -€4.3M — — — -89.8%
FY2017 — — — — — —

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

Executive summary

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

Pharvaris N.V. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

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

Benjamin Graham lens

Pharvaris N.V. 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.

PHVS stock: frequently asked questions

What is the intrinsic value of Pharvaris N.V. (PHVS) stock?

Graham's formula only works with positive earnings. Pharvaris N.V. reported diluted EPS of -€2.97 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Pharvaris N.V. generate free cash flow?

Pharvaris N.V. generated -€137.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is PHVS's return on invested capital?

Average ROIC over the last 9 fiscal years was -52.1%, and average return on equity was -52.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PHVS data come from?

From Pharvaris N.V.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 2, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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