Tempest Therapeutics, Inc. (TPST) intrinsic value & 10-year financials

Tempest Therapeutics, Inc. (TPST) has a Graham intrinsic value of $552.34 per share. At $0.62 on Oct 17, 2026, the stock trades 100% below that value.

Graham intrinsic value
$552.34
Share price (Oct 17, 2026)
$0.62
Price vs Graham value
100% below
Market cap
$2.6M
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-54.8%
ROIC (10-yr avg)
488.4%
Free cash flow (FY2025)
-$26.8M

TPST 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$26.3M -$6.33 -$26.8M — -573.7%
FY2024 — -$41.8M -$1.50 -$33.5M — -792.9%
FY2023 — -$29.5M -$1.91 -$27.5M — -393.2%
FY2022 — -$35.7M -$3.09 -$31.6M — -772.8%
FY2021 — -$28.3M -$2.49 -$26.1M — 3001.8%
FY2020 — -$36.4M -$1.71 -$30.5M — 1657.3%
FY2019 — -$44.6M — -$41.6M — 3049.5%
FY2018 — -$27.2M — -$23.7M — -114.7%
FY2017 $295.0K -$51.0M — -$45.7M -17154.6% -102.9%
FY2016 $653.0K -$82.3M — -$64.3M -12406.1% -74.9%

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

Executive summary

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

Tempest Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -24.1% ROIC.

Tempest 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, Tempest Therapeutics, Inc. is modeled at -54.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $552.34 per share.

TPST stock: frequently asked questions

What is the intrinsic value of Tempest Therapeutics, Inc. (TPST) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -54.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TPST's intrinsic value is about $552.34 per share.

Is TPST stock undervalued?

At $0.62 (close on Oct 17, 2026), TPST trades 100% below its Graham value of $552.34. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Tempest Therapeutics, Inc. generate free cash flow?

Tempest Therapeutics, Inc. generated -$26.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is TPST's return on invested capital?

Average ROIC over the last 10 fiscal years was 488.4%, and average return on equity was -105.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TPST data come from?

From Tempest Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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