Praxis Precision Medicines, Inc. (PRAX) intrinsic value & 10-year financials

Praxis Precision Medicines, Inc. (PRAX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 249.5% a year to $0, with an average return on invested capital of -633.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$241.76
Market cap
$5.4B
Revenue (FY2025)
$0
Revenue growth (8-yr CAGR)
249.5%
ROIC (10-yr avg)
-633.7%
Free cash flow (FY2025)
-$249.1M

PRAX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$303.3M -$13.48 -$249.1M — -86.9%
FY2024 $8.6M -$182.8M -$10.21 — -2340.3% -166.3%
FY2023 $2.4M -$123.3M -$18.69 -$111.2M -5164.4% -3666.8%
FY2022 $0 -$214.0M -$4.64 -$185.5M — -322.8%
FY2021 — -$167.1M -$3.94 -$125.6M — -314.4%
FY2020 — -$61.8M -$7.86 — — 92.3%
FY2019 — -$35.5M — -$33.5M — 28.5%
FY2018 — — — — — —

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

Executive summary

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

Praxis Precision Medicines, Inc. has historically struggled to out-earn its cost of capital, averaging just -1.5% ROIC.

Praxis Precision Medicines, 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, Praxis Precision Medicines, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-447.75 per share.

PRAX stock: frequently asked questions

What is the intrinsic value of Praxis Precision Medicines, Inc. (PRAX) stock?

Graham's formula only works with positive earnings. Praxis Precision Medicines, Inc. reported diluted EPS of -$13.48 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Praxis Precision Medicines, Inc. generate free cash flow?

Praxis Precision Medicines, Inc. generated -$249.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is PRAX's return on invested capital?

Average ROIC over the last 8 fiscal years was -633.7%, and average return on equity was -68.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PRAX data come from?

From Praxis Precision Medicines, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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