Regenxbio Inc. (RGNX) intrinsic value & 10-year financials

Regenxbio Inc. (RGNX) has a Graham intrinsic value of $96.66 per share. At $6.93 on Oct 17, 2026, the stock trades 93% below that value. Over the last 10 fiscal years revenue grew 49.4% a year to $170.4M, with an average return on invested capital of -35.3%.

Graham intrinsic value
$96.66
Share price (Oct 17, 2026)
$6.93
Price vs Graham value
93% below
Market cap
$357.1M
Revenue (FY2025)
$170.4M
Revenue growth (10-yr CAGR)
49.4%
ROIC (10-yr avg)
-35.3%
Free cash flow (FY2025)
-$126.4M

RGNX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $170.4M -$193.9M -$3.76 -$126.4M -94.6% -78.7%
FY2024 $83.3M -$227.1M -$4.59 -$175.6M -280.0% -73.4%
FY2023 $90.2M -$263.5M -$6.02 -$228.4M -297.1% -61.8%
FY2022 $112.7M -$280.3M -$6.50 -$238.2M -233.2% -51.9%
FY2021 $470.3M $127.8M $2.91 $134.7M 34.0% 47.2%
FY2020 $154.6M -$111.2M -$2.98 -$80.9M -77.1% -47.8%
FY2019 $35.2M -$94.7M -$2.58 -$119.4M -422.9% -34.9%
FY2018 $218.5M $99.9M $2.73 $91.4M 40.3% 19.3%
FY2017 $10.4M -$73.2M -$2.45 -$65.2M -730.2% —
FY2016 $4.6M -$63.0M -$2.38 -$56.7M -1423.8% —

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

Executive summary

REGENXBIO Inc. is a consistent compounder, expanding top-line revenue at 49.4% annually over the past decade.

REGENXBIO Inc. has historically struggled to out-earn its cost of capital, averaging just -35.3% ROIC.

REGENXBIO Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, REGENXBIO Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $96.66 per share.

RGNX stock: frequently asked questions

What is the intrinsic value of Regenxbio Inc. (RGNX) 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, RGNX's intrinsic value is about $96.66 per share.

Is RGNX stock undervalued?

At $6.93 (close on Oct 17, 2026), RGNX trades 93% below its Graham value of $96.66. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Regenxbio Inc. grown?

Revenue went from $4.6M in fiscal 2016 to $170.4M in fiscal 2025, a compound annual growth rate of 49.4%. Net income was -$193.9M in fiscal 2025.

Does Regenxbio Inc. generate free cash flow?

Regenxbio Inc. generated -$126.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 10 reported years.

What is RGNX's return on invested capital?

Average ROIC over the last 10 fiscal years was -35.3%, and average return on equity was -37.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RGNX data come from?

From Regenxbio 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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