Zevra THERAPEUTICS, Inc. (ZVRA) intrinsic value & 10-year financials

Zevra THERAPEUTICS, Inc. (ZVRA) has a Graham intrinsic value of $44.84 per share. At $9.94 on Oct 17, 2026, the stock trades 78% below that value. Over the last 10 fiscal years revenue grew 42.3% a year to $106.5M, with an average return on invested capital of -484.8%.

Graham intrinsic value
$44.84
Share price (Oct 17, 2026)
$9.94
Price vs Graham value
78% below
Market cap
$569.2M
Revenue (FY2025)
$106.5M
Revenue growth (10-yr CAGR)
42.3%
ROIC (10-yr avg)
-484.8%
Free cash flow (FY2025)
-$2.4M

ZVRA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $106.5M $83.2M $1.35 -$2.4M -59.1% -54.7%
FY2024 $23.6M -$105.5M -$2.28 -$69.7M -368.5% -193.1%
FY2023 $27.5M -$46.0M — -$33.8M -180.6% -217.9%
FY2022 $10.5M -$41.5M — -$18.8M -406.4% -224.4%
FY2021 $28.6M -$8.6M -$2.11 $10.3M 27.0% 105.7%
FY2020 $13.3M -$12.8M -$3.21 -$2.0M -42.2% -5857.7%
FY2019 $12.8M -$24.5M — -$23.8M -158.4% 2067.0%
FY2018 $0 -$56.5M — -$54.2M — -536.2%
FY2017 — -$43.4M — -$33.3M — -136.9%
FY2016 — -$16.5M — -$30.4M — 200.3%

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

Executive summary

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

ZEVRA THERAPEUTICS, INC. has historically struggled to out-earn its cost of capital, averaging just -13.4% ROIC.

ZEVRA 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, ZEVRA THERAPEUTICS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $44.84 per share.

ZVRA stock: frequently asked questions

What is the intrinsic value of Zevra THERAPEUTICS, Inc. (ZVRA) 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, ZVRA's intrinsic value is about $44.84 per share.

Is ZVRA stock undervalued?

At $9.94 (close on Oct 17, 2026), ZVRA trades 78% below its Graham value of $44.84. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Zevra THERAPEUTICS, Inc. generate free cash flow?

Zevra THERAPEUTICS, Inc. generated -$2.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is ZVRA's return on invested capital?

Average ROIC over the last 10 fiscal years was -484.8%, and average return on equity was 9.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ZVRA data come from?

From Zevra THERAPEUTICS, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar pharmaceutical preparations stocks