Traws Pharma, Inc.

TRAW

Traws Pharma, Inc., a clinical-stage biopharmaceutical company, develops small synthetic molecules for respiratory viral diseases and cancer. The company is developing investigational novel therapies for influenza and COVID-19 that are designed to address treatment resistance, such as TRX01 (Ratutrelvir), an inhibitor in development for the treatment of COVID-19; and Tivoxavir marboxil, an endonuclease inhibitor in development for the treatment of bird flu and seasonal influenza.

About the company

Country: United StatesPrice: $0.25Market Cap: $3.9M

Investment snapshot

12%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

3 / 11

NEUTRAL / FAIL

Median fair value

$7.79

+3018.0% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

TRAW undervalued: all 2 models price fair value above $0.25 (median $7.79)

Key risk

No clean pass — all 8 investors flag at least one efficiency criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	FAIL	FAIL	Not ranked	PASS	FAIL	FAIL	NEUTRAL	FAIL	FAIL	FAIL	PASS	FAIL	NEUTRAL	FAIL	FAIL	NEUTRAL
Score
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Intrinsic Value (annual)	N/A		N/A	N/A	N/A	N/A	N/A		N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Margin of Safety	N/A	+97.1%	N/A	N/A	N/A	N/A	N/A	+96.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financial Basis	Annual history · FY 2025 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-06-30 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-04-15 Score computed: 2026-11-14	TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-04-15 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-14 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-06-30 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-08-14 Score computed: 2026-11-14

Where It Passes

Valuation models100% pass✓ 2▾
TRAW undervalued: all 2 models price fair value above $0.25 (median $7.79)
Buffett fair value$8.67
✓Buffett+97.1% margin vs $0.25
Pabrai fair value$6.92
✓Pabrai+96.4% margin vs $0.25

Where It Falls Short

Efficiency0% pass✓ 1✗ 10▾
No clean pass — all 8 investors flag at least one efficiency criterion
Current Ratio0.93
✗Graham>= 2.0
ROIC (3-5 yr avg)
✗Buffett> 10%
ROIC - WACC
✗BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
✗Greenblatt> 25%
Current Ratio Change YoY2.16 -> 0.72
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.01x -> 0.26x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities0.93
✗Dreman> 1.5
Return on Invested Capital
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=unavailable; FY2024: ROIC=unavailable; FY2025: ROIC=unavailable
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)
✗SleepROIC > 12% in a majority of years
Debt & Leverage8% pass✓ 1✗ 14▾
11 of 12 flag TRAW's debt & leverage — Graham, Buffett, Lynch +8 more
LT Debt vs Net Current Assets
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest Coverage
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity
✗Lynch< 0.33
Cash - Long-term Debt
✗LynchPositive preferred
LT Debt / Total Assets Change0.00% -> 0.00%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities0.93
✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity
✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
Debt Levels
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDA
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity
✗Ackman<= 1.0
Negative debt-to-equity (higher means less debt)
✗AsnessTop 30% of eligible cross-section
Profitability13% pass✓ 7✗ 28▾
14 of 16 flag TRAW's profitability — Graham, Buffett, Lynch +11 more
Positive EPS (10 years)1/16 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)1/16 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)-174.6%
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)-640.7% (latest)
✗BuffettStable or rising over 10 years
Free Cash Flow Proxy$6.7M
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)P/E 0.3x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE-1275.3%
✗Lynch> 15%
EBIT / Enterprise Value-47746.9%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=-47746.9%, ROC=N/A (invested capital <= 0)
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets86.37%
✓PiotroskiROA > 0
ROA Change YoY-667.11% -> 86.37% (delta: +753.48%)
✓PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=-171.28%, ROA=86.37%
✗PiotroskiCFO/Assets > ROA
Gross Margin Change YoY
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue328.7%
✓Dreman>= 8%
Net Income / Shareholders' Equity-1275.3%
✗Dreman> 12%
Margin of SafetyP/E=0.3x
✓PabraiP/B < 1.5 or P/E < 15
Return on Equity-93.2% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic ValueN/A (negative normalized EPS)
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency1/15 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue-640.7%
✗Ackman>= 15%
Net Income / Shareholders Equity-1275.3%
✗Ackman>= 15%
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend-8981.4% (2023) -> -640.7% (2025)
✓TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendrevenue up, operating margin -8981.4% -> -640.7%
✓SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization-559.08%; #5947/6340 (top 93.8%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity-1275.34%; #5176/5226 (top 99.0%)
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-2.6558; #5508/5884 (top 93.6%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Positive Diluted-EPS Years1/10 years positive
✗Schloss>= 70% positive over 5-10 observed years (app rule)
Growth13% pass✓ 3✗ 10▾
7 of 8 flag TRAW's growth — Graham, Lynch, Dreman +4 more
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)P/E 0.3x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthN/A (no inventory)
✓LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency1/15 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth0.0%
✗Ackman>= 5%
Positive EPS Growth Frequency
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendrevenue up, operating margin -8981.4% -> -640.7%
✓SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR64.6%
✓SleepCAGR > 7%
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Valuation15% pass✓ 7✗ 21▾
11 of 13 flag TRAW's valuation — Graham, Lynch, Greenblatt +8 more
Price / 3-yr avg EPS
✗Graham<= 15x
Price-to-Book Ratio
✗Graham<= 1.5x
P/E x P/B
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)P/E 0.3x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value-47746.9%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=-47746.9%, ROC=N/A (invested capital <= 0)
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS0.3x
✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)N/A (negative CFPS)
✗Dreman< 8x
Price / Book Value per ShareN/A (negative BVPS)
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=0.3x, OE Yield=293.2%
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=0.3x, FCF Yield=-538.4%
✓PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=0.3x
✓MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic ValueN/A (negative normalized EPS)
✗Marks>= 20% below intrinsic value
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Price vs. Trailing Low100% of trailing low ($0.25)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization-559.08%; #5947/6340 (top 93.8%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization+0.4384; #3105/6449 (top 48.1%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS0.3x
✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.7233; #2162/5247 (top 41.2%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization-538.44%; #4352/4519 (top 96.3%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date-83.11%; #5873/6202 (top 94.7%)
✗OshaughnessyTop 10% of eligible cross-section
Verdicts15% pass✓ 2✗ 11▾
Split decision: 11 FAIL · 3 NEUTRAL · 2 PASS
Overall verdict
✗GrahamFAIL (0/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 4)✗DremanFAIL (2/11)✗MungerFAIL (1/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (0/6)✗MarksFAIL (1/5)✗AckmanFAIL (1/9)✓TempletonPASS (4/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (2/6)✗SchlossFAIL (0/7)•OshaughnessyNEUTRAL (Not ranked)
Cash Flow20% pass✓ 2✗ 10▾
8 of 10 flag TRAW's cash flow — Lynch, Piotroski, Dreman +5 more
Free Cash Flow Proxy$6.7M
✓BuffettPositive and growing
FCF Positive and Growing$-20.8M
✗LynchPositive and growing
Operating Cash Flow$-18.2M
✗PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=-171.28%, ROA=86.37%
✗PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)N/A (negative CFPS)
✗Dreman< 8x
P/E or FCF YieldP/E=0.3x, FCF Yield=-538.4%
✓PabraiP/E < 15 or FCF Yield > 10%
FCF Positive1/9 years FCF positive
✗MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap-916.2%
✗Ackman>= 4%
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Positive Operating Cash Flow frequency1/15 years positive
✗SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$-20.8M
✗Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization-538.44%; #4352/4519 (top 96.3%)
✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Pharmaceutical Products

SIC Sector: Chemicals & Pharmaceuticals

Size: Micro Cap($3.9M)

Revenue: $2.8M+1134.5% YoY

Net Income: $9.2M+105.5% YoY

Financial Snapshot

Operating Margin-640.7%

Return on Equity-1457.9%

Debt / Equity--

Current Ratio0.72

EPS (Diluted)$0.82

Shares Retired−148.4% / 56.8% 2y

Similar Companies

MRKMerck & Co., Inc.

$364.3B

ABTABBOTT LABORATORIES

$188.0B

BMYBRISTOL MYERS SQUIBB CO

$129.7B

TECHBIO-TECHNE Corp

$11.4B

Shareholder Return

Fiscal 2025

Issued 148.4% of shares last year, 56.8% over two.

Buybacks: —
Dividends: —

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-06-30 2025-07-01 – 2026-06-30 Sources · derived quarter values 10-Q · 2025-11-13 10-K · 2026-04-15 10-Q · 2026-05-15 10-Q · 2026-08-14 Derived from cumulative filings: revenue, operating cash flow, depreciation amortization, net income, operating income, ebit, capex.	Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter values 10-Q · 2026-08-14 Derived from cumulative filings: operating cash flow, depreciation amortization.	Q1 FY 2026 2026-01-01 – 2026-03-31 Sources 10-Q · 2026-05-15	FY 2025 Sources 10-K · 2026-04-15	FY 2024 Sources 10-K · 2025-03-31	FY 2023 Sources 10-K · 2024-04-01	FY 2022 Sources 10-K · 2023-03-30	FY 2021 Sources 10-K · 2022-03-21
Market Cap	$3.9Mcurrent	--	--	$19.1Mest.	$26.6Mest.	$357.1Mest.	$655.3Mest.	$1.0Best.
Revenue	--	--	--	$2.8M↑1135%	$226.0K	$226.0K	$226.0K	$226.0K
Operating Income	-$21.5M↓6%	-$3.2M↓154%	-$6.9M↓33%	-$17.9M↑87%	-$142.4M↓601%	-$20.3M↓3%	-$19.6M↓19%	-$16.5M
Net Income	-$21.6M↓21%	-$3.1M↓234%	-$7.1M↓133%	$9.2M↑106%	-$166.5M↓779%	-$18.9M	-$19.0M↓17%	-$16.2M
EPS (Diluted)	--	$-0.16↓45%	$-0.53↓125%	$0.82↑102%	$-35.21↓3812%	$-0.90↑1%	$-0.91↑5%	$-0.96
Gross Margin	—	—	—	—	—	—	—	—
Operating Margin	—	—	—	-640.7%↑99%	-62997.3%↓601%	-8981.4%↓3%	-8684.5%↓19%	-7299.1%
ROE	-1275.3%↓491%	—	—	-1457.9%↓377%	526.5%↑397%	-177.5%↓165%	-67.0%↓91%	-35.0%
Total Debt	--	--	--	--	--	--	--	--
Shareholders' Equity	$1.7M↓80%	$1.7M↓80%	-$5.3M↓189%	-$629.0K↑98%	-$31.6M↓396%	$10.7M↓62%	$28.3M↓39%	$46.1M
Current Ratio	0.93↓56%	0.93↓56%	0.43↓76%	0.72↓67%	2.16↓12%	2.46↓50%	4.89↓46%	9.06
Debt / Equity	—	—	—	—	—	—	—	—
Operating Cash Flow	-$16.8M↑37%	-$7.5M↓26%	-$2.6M↑53%	-$18.2M↑39%	-$29.8M↓66%	-$17.9M↓10%	-$16.3M↑16%	-$19.5M
Free Cash Flow	--	--	--	-$20.8M↑38%	-$33.4M↓86%	-$17.9M	--	--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Pharmaceutical Products

TRAW vs Peers — Financial Grading

Revenue$2.8MBottom 25%

Net Income$9.2MMedian

ROE-1457.9%Bottom 25%

D/E—

Op. Margin-640.7%Bottom 25%

Curr. Ratio0.72Bottom 25%

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Greenblatt	Piotroski	Dreman
Merck & Co., Inc.MRK	$364.3B	$147.76	$65.0B	$18.3B	34.7%	0.94	—	1.54	2/9	5/9	4/7	0/3	F-Score 4	1/11
ABBOTT LABORATORIESABT	$188.0B	$108.52	$44.3B	$6.5B	12.5%	0.25	18.2%	1.58	3/9	4/9	2/7	1/3	F-Score 5	3/11
BRISTOL MYERS SQUIBB COBMY	$129.7B	$63.43	$48.2B	$7.1B	38.2%	2.44	19.4%	1.26	2/9	1/9	3/7	1/3	F-Score 8	5/11
BIO-TECHNE CorpTECH	$11.4B	$72.80	$1.2B	$73.4M	3.8%	—	8.4%	3.46	4/9	3/9	3/7	0/3	F-Score 5	4/11
REPLIGEN CORPRGEN	$10.7B	$167.79	$738.3M	$48.9M	2.3%	0.26	7.5%	8.37	3/9	2/9	3/7	0/3	F-Score 7	5/11
IONIS PHARMACEUTICALS INCIONS	$4.8B	$29.06	$943.7M	$381.4M	-78.0%	3.60	-40.4%	3.83	3/9	1/9	1/7	0/3	F-Score 4	3/11
NEOGEN CORPNEOG	$2.5B	$11.23	$870.4M	$7.9M	-0.4%	0.76	-2.5%	3.82	3/9	1/9	2/7	0/3	F-Score 6	4/11
Pharvaris N.V.PHVS	$2.4B	$33.36	—	$206.4M	-64.8%	0.00	—	—	0/9	0/9	2/7	0/3	F-Score 2	2/11