Agilent TECHNOLOGIES, Inc. (A) intrinsic value & 10-year financials
Agilent TECHNOLOGIES, Inc. (A) has a Graham intrinsic value of $144.30 per share. At $172.97 on Oct 17, 2026, the stock trades 20% above that value. Over the last 10 fiscal years revenue grew 5.8% a year to $6.9B, with an average return on invested capital of 16.3%.
- Graham intrinsic value
- $144.30
- Share price (Oct 17, 2026)
- $172.97
- Price vs Graham value
- 20% above
- Market cap
- $49.3B
- Revenue (FY2025)
- $6.9B
- Revenue growth (10-yr CAGR)
- 5.8%
- ROIC (10-yr avg)
- 16.3%
- Free cash flow (FY2025)
- $1.2B
A 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.9B | $1.3B | $4.57 | $1.2B | 21.3% | 16.2% |
| FY2024 | $6.5B | $1.3B | $4.43 | $1.4B | 22.9% | 16.6% |
| FY2023 | $6.8B | $1.2B | $4.19 | $1.5B | 19.8% | 17.6% |
| FY2022 | $6.8B | $1.3B | $4.18 | $1.0B | 23.6% | 19.4% |
| FY2021 | $6.3B | $1.2B | $3.94 | $1.3B | 21.3% | 18.9% |
| FY2020 | $5.3B | $719.0M | $2.30 | $802.0M | 15.8% | 12.4% |
| FY2019 | $5.2B | $1.1B | $3.37 | $866.0M | 18.2% | 19.0% |
| FY2018 | $4.9B | $316.0M | $0.97 | $910.0M | 18.9% | 11.2% |
| FY2017 | $4.5B | $684.0M | $2.10 | $713.0M | 18.8% | 17.9% |
| FY2016 | $4.2B | $462.0M | $1.40 | $654.0M | 14.6% | 13.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Agilent Technologies has demonstrated mature, steady growth, with revenue compounding at 5.7% annually over the past decade.
Agilent Technologies has earned high returns on invested capital, averaging 16.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Agilent Technologies shows that management has aggressively returned capital to shareholders by retiring 13.4% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Agilent Technologies is modeled at 14.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $144.30 per share.