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Aurinia Pharmaceuticals Inc (AUPH) Fair Value & Analysis

Healthcare · US · Market cap $2.0B · ISIN CA05156V1022

What is Aurinia Pharmaceuticals Inc really worth?

AP Aurinia Pharmaceuticals Inc logo Aurinia Pharmaceuticals Inc AUPH · US
Price$16.12
Fair Value$24.69
Upside+53.2%
Quality82/100

A strong business, trading 35% below our fair value of $24.69.

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Strengths

Highly profitable · 100.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 88/100

Risks

!Mixed Growth (revenue 5y +41.4 %/yr)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range $14.31 – $43.03

Fair value as of: Aug 31, 2026

From 24 valuation models · updated 5 days ago

Share price +8.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The model range is unusually wide ($14.31 to $43.03). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

$33.08 $4.11 Fair Value $24.69 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range $4.11 – $33.08 · fair‑value band $14.31 – $43.03 · the $16.12 price screens below the $24.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

Full chart & analysis →

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Analysis

Aurinia Pharmaceuticals Inc (AUPH) currently trades at $16.12, while our model-based Fair Value estimate is $24.69, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 82/100 (high quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of $103.76 per share, and 15 of the 24 models we run sit above the $16.12 price. Bear case: the Asset-Based group reads lowest at $3.03, and 9 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Aurinia Pharmaceuticals Inc generated revenue of $298M at a net margin of 100.0%. Revenue grew 24.4% year over year. It earns a return on equity of 65.0%. The balance sheet holds a net cash position of $5.4M. Fundamentals as of Aug 31, 2026

Our scenario range runs from $14.31 (bear case) to $43.03 (bull case); at $16.12, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 5% below its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −59% fair-value upside, at 53%, AUPH screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.46 per share, which is 5.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV $7.21 $8.26 $9.17 74
FCF DCF $17.28 $26.32 $54.49 73
Growth DCF $16.26 $30.47 $53.36 73
All 24 models by family
DCF Models
FCF DCF $17.28 $26.32 $54.49 73
Owner Earnings $34.73 $76.33 $160.45 68
5Y Revenue Exit $8.98 $13.56 $23.02 69
5Y EBITDA Exit $12.20 $20.08 $35.50 70
5Y P/E Exit $32.53 $76.97 $138.38 65
10Y Revenue Exit $11.41 $20.71 $25.48 65
10Y EBITDA Exit $13.91 $27.50 $50.29 63
10Y P/E Exit $28.41 $70.26 $140.94 57
Earnings-Based
Graham-Dodd $15.19 $105.91 $148.62 61
Lynch FV $54.72 $78.16 $101.61 59
PEG = 1.0 $54.72 $78.16 $101.61 55
EPV $7.21 $8.26 $9.17 74
Multiples
P/E Multiple $36.85 $49.13 $61.41 63
P/S Multiple $5.78 $7.70 $9.63 58
P/B Multiple $15.26 $20.34 $25.43 55
EV/EBIT $10.93 $14.40 $17.87 66
EV/EBITDA $9.85 $12.96 $16.07 67
EV/Revenue $5.15 $7.14 $9.12 54
Asset-Based
NCAV (Graham) $2.26 $3.03 $4.52 54
Growth DCF
Growth DCF $16.26 $30.47 $53.36 73
Rev-Margin DCF $9.76 $15.46 $27.51 68
Economic Profit
Residual Income $19.24 $30.59 $545.83 61
ROIC Compounder $9.50 $14.08 $17.07 70
Growth Earnings
Growth-Adj P/E $72.63 $103.76 $134.88 65

Widest divergence: Growth Earnings ($103.76) versus Asset-Based ($3.03). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 7.5
P/S ratio 7.57 P/E × margin
EPS (TTM) $2.16 price ÷ EPS = P/E 7.5
Net margin 101% FY2025
Return on equity 65.0% TTM
Return on assets (EBIT) −12.1% avg 5y
More key figures
Profitability
Operating margin 53.3% TTM
Growth
Revenue (TTM) $298M TTM
Revenue growth (YoY) +24.4% 3y avg +28.3%
EPS growth (YoY) +56.3%
Balance sheet & cash flow
Free cash flow $135M FY2025
Net cash $5.4M FY2025

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 78 · Market factors (momentum, volatility) 53

Profitability 76
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aurinia Pharmaceuticals Inc., a biopharmaceutical company, engages in delivering therapies to people living with autoimmune diseases with high unmet medical needs in the United States and Japan. The company offers LUPKYNIS (voclosporin), an oral therapy for the treatment of adult patients with active lupus nephritis.

Full company description

Aurinia Pharmaceuticals Inc., a biopharmaceutical company, engages in delivering therapies to people living with autoimmune diseases with high unmet medical needs in the United States and Japan. The company offers LUPKYNIS (voclosporin), an oral therapy for the treatment of adult patients with active lupus nephritis. It also develops aritinercept, a dual inhibitor of B cell-activating factor and proliferation-inducing ligand for the potential treatment of autoimmune diseases. The company was founded in 1993 and is headquartered in Edmonton, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aurinia Pharmaceuticals Inc reported revenue of $283M in FY2025 versus $45.6M in FY2021, a compound +57.8%/yr. Reported net income was $287M in FY2025.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$283M
Latest YoY
+20.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+41.4%
Avg. revenue growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.4%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +57.8%/yr
FY21 $45.6M
FY22 $134M
FY23 $176M
FY24 $235M
FY25 $283M
Net income
FY21 −$181M
FY22 −$108M
FY23 −$78.0M
FY24 $5.8M
FY25 $287M

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Cite: Fair Value Calculator (2026). "Aurinia Pharmaceuticals Inc Fair Value". https://www.fairvalue-calculator.com/stock/AUPH

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Biotechnology · 622 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 82 · Top 25%
Fair Value upside +53% · Top 25%
Return on equity (TTM) 65% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 100% · Top 25%
Operating margin (TTM) 53% · Top 25%
Revenue growth 24% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than 75% of peers
P/B 3.49× · Pricier than 75% of peers
P/S (TTM) 6.80× · Pricier than median
P/FCF 15.0× · Pricier than median
EV/EBITDA 12.8× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE100 · sector 0
PAST100 · sector 0
HEALTH99 · sector 98
DIVIDEND0 · sector 26

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
CSL Limited CSL A$174.50 A$141.68 −19%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
BeOne Medicines AG ONC $362.51 $111.35 −69%
BioNTech SE BNTX $111.40 $45.66 −59%

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Frequently asked questions

Is Aurinia Pharmaceuticals Inc (AUPH) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of $24.69 versus a price of $16.12, about +53% upside (undervalued).
What is the fair value of AUPH?
Our model-based fair value for Aurinia Pharmaceuticals Inc is $24.69 (as of Aug 31, 2026), built from audited fundamentals. The current price: $16.12.
What is the quality score of AUPH?
Aurinia Pharmaceuticals Inc has a Quality Score of 82/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aurinia Pharmaceuticals Inc (AUPH)?
Aurinia Pharmaceuticals Inc reported trailing-twelve-month revenue of about $298M (latest available figure, as of Aug 31, 2026).
What is the net profit margin of AUPH?
The net profit margin of Aurinia Pharmaceuticals Inc is about 100.0%, meaning it keeps roughly 100.0% of revenue as net income. Based on the latest reported figures.
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