Privia Health Group, Inc. (PRVA) intrinsic value & 10-year financials

Privia Health Group, Inc. (PRVA) has a Graham intrinsic value of $5.12 per share. At $22.52 on Oct 17, 2026, the stock trades 340% above that value. Over the last 8 fiscal years revenue grew 18.0% a year to $2.1B, with an average return on invested capital of -18.2%.

Graham intrinsic value
$5.12
Share price (Oct 17, 2026)
$22.52
Price vs Graham value
340% above
Market cap
$2.9B
Revenue (FY2025)
$2.1B
Revenue growth (8-yr CAGR)
18.0%
ROIC (10-yr avg)
-18.2%
Free cash flow (FY2025)
—

PRVA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.1B $22.9M $0.18 — 1.6% 10.3%
FY2024 $1.7B $14.4M $0.11 — 1.0% 6.0%
FY2023 $1.7B $23.1M $0.19 $80.7M 1.2% 9.1%
FY2022 $1.4B -$8.6M -$0.08 $47.1M -1.4% -7.0%
FY2021 $966.2M -$188.2M -$1.83 $54.5M -22.5% -154.2%
FY2020 $817.1M $31.2M $0.33 $38.5M 3.1% 26.5%
FY2019 $786.4M $8.2M $0.09 $18.6M 2.0% —
FY2018 — — — — — —

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

Executive summary

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

Privia Health Group, Inc. has historically struggled to out-earn its cost of capital, averaging just 7.2% ROIC.

Privia Health Group, 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, Privia Health Group, Inc. is modeled at 12.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.12 per share.

PRVA stock: frequently asked questions

What is the intrinsic value of Privia Health Group, Inc. (PRVA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PRVA's intrinsic value is about $5.12 per share.

Is PRVA stock undervalued?

At $22.52 (close on Oct 17, 2026), PRVA trades 340% above its Graham value of $5.12. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

What is PRVA's return on invested capital?

Average ROIC over the last 8 fiscal years was -18.2%, and average return on equity was -3.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PRVA data come from?

From Privia Health Group, 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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