Septerna, Inc. (SEPN) intrinsic value & 10-year financials
Septerna, Inc. (SEPN) has a Graham intrinsic value of $9.63 per share. At $36.35 on Oct 17, 2026, the stock trades 277% above that value. Over the last 4 fiscal years revenue grew 1644.5% a year to $46.0M, with an average return on invested capital of -68.5%.
- Graham intrinsic value
- $9.63
- Share price (Oct 17, 2026)
- $36.35
- Price vs Graham value
- 277% above
- Market cap
- $1.6B
- Revenue (FY2025)
- $46.0M
- Revenue growth (4-yr CAGR)
- 1644.5%
- ROIC (10-yr avg)
- -68.5%
- Free cash flow (FY2025)
- $109.7M
SEPN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $46.0M | -$48.9M | -$1.10 | $109.7M | -148.6% | -28.0% |
| FY2024 | $1.1M | -$71.8M | -$7.26 | -$69.6M | -7518.4% | -176.1% |
| FY2023 | $151.0K | $4.2M | $0.29 | -$41.6M | 1374.2% | -1.6% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Septerna, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Septerna, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.4% ROIC.
Septerna, 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, Septerna, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.63 per share.