Pliant THERAPEUTICS, Inc. (PLRX) intrinsic value & 10-year financials

Pliant THERAPEUTICS, Inc. (PLRX) has a Graham intrinsic value of $230.44 per share. At $0.90 on Oct 17, 2026, the stock trades 100% below that value. Over the last 8 fiscal years revenue shrank 59.2% a year to $0, with an average return on invested capital of -51.7%.

Graham intrinsic value
$230.44
Share price (Oct 17, 2026)
$0.90
Price vs Graham value
100% below
Market cap
$55.2M
Revenue (FY2025)
$0
Revenue growth (8-yr CAGR)
-59.2%
ROIC (10-yr avg)
-51.7%
Free cash flow (FY2025)
-$128.7M

PLRX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$149.3M -$2.43 -$128.7M — -68.6%
FY2024 $0 -$210.3M -$3.47 -$159.4M — -64.1%
FY2023 $1.6M -$161.3M -$2.75 -$117.3M -11654.7% -51.6%
FY2022 $9.7M -$123.3M -$2.94 -$96.4M -1313.4% -57.1%
FY2021 $7.6M -$97.3M -$2.71 -$77.4M -1288.1% -50.7%
FY2020 $41.8M -$41.5M -$1.95 -$38.8M -99.6% -17.9%
FY2019 $57.1M -$631.0K -$0.32 -$3.7M -2.2% —
FY2018 — — — — — —

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

Executive summary

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

PLIANT THERAPEUTICS, INC. has historically struggled to out-earn its cost of capital, averaging just -51.7% ROIC.

PLIANT THERAPEUTICS, 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, PLIANT THERAPEUTICS, INC. is modeled at -59.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $230.44 per share.

PLRX stock: frequently asked questions

What is the intrinsic value of Pliant THERAPEUTICS, Inc. (PLRX) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -59.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PLRX's intrinsic value is about $230.44 per share.

Is PLRX stock undervalued?

At $0.90 (close on Oct 17, 2026), PLRX trades 100% below its Graham value of $230.44. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Pliant THERAPEUTICS, Inc. generate free cash flow?

Pliant THERAPEUTICS, Inc. generated -$128.7M 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 PLRX's return on invested capital?

Average ROIC over the last 8 fiscal years was -51.7%, and average return on equity was -40.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PLRX data come from?

From Pliant THERAPEUTICS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar pharmaceutical preparations stocks