Palvella THERAPEUTICS, Inc. (PVLA) intrinsic value & 10-year financials

Palvella THERAPEUTICS, Inc. (PVLA) has a Graham intrinsic value of $14.42 per share. At $120.30 on Oct 17, 2026, the stock trades 734% above that value.

Graham intrinsic value
$14.42
Share price (Oct 17, 2026)
$120.30
Price vs Graham value
734% above
Market cap
$1.4B
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
31.1%
ROIC (10-yr avg)
97.2%
Free cash flow (FY2025)
—

PVLA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$41.7M -$3.71 — — 152.7%
FY2024 — -$17.4M -$1.57 — — 242.3%
FY2023 $38.7M -$24.5M $0.43 -$54.0M -76.9% -546.0%
FY2022 $25.5M -$33.3M — -$61.0M -170.7% 168.4%
FY2021 $27.9M -$45.7M -$0.14 -$8.6M -185.5% 135.2%
FY2020 $23.9M -$37.2M -$0.14 -$48.6M -141.9% 358.9%
FY2019 $43.6M -$25.5M — -$54.9M -62.2% 178.9%
FY2018 $27.2M -$26.8M — -$2.8M -113.1% 87.2%
FY2017 $25.3M -$17.6M — $47.8M -57.7% —
FY2016 $5.8M -$22.8M — -$15.0M -390.3% —

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

Executive summary

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

PALVELLA THERAPEUTICS, INC. has earned high returns on invested capital, averaging 28.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

PALVELLA 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, PALVELLA THERAPEUTICS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $14.42 per share.

PVLA stock: frequently asked questions

What is the intrinsic value of Palvella THERAPEUTICS, Inc. (PVLA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PVLA's intrinsic value is about $14.42 per share.

Is PVLA stock undervalued?

At $120.30 (close on Oct 17, 2026), PVLA trades 734% above its Graham value of $14.42. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

What is PVLA's return on invested capital?

Average ROIC over the last 10 fiscal years was 97.2%, and average return on equity was -85.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PVLA data come from?

From Palvella THERAPEUTICS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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