Abm Industries Inc. /DE/ (ABM) intrinsic value & 10-year financials

Abm Industries Inc. /DE/ (ABM) has a Graham intrinsic value of $68.29 per share. At $51.15 on Oct 17, 2026, the stock trades 25% below that value. Over the last 10 fiscal years revenue grew 6.1% a year to $8.7B, with an average return on invested capital of 6.0%.

Graham intrinsic value
$68.29
Share price (Oct 17, 2026)
$51.15
Price vs Graham value
25% below
Market cap
$3.2B
Revenue (FY2025)
$8.7B
Revenue growth (10-yr CAGR)
6.1%
ROIC (10-yr avg)
6.0%
Free cash flow (FY2025)
$155.1M

ABM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $8.7B $162.4M $2.59 $155.1M 3.6% 7.1%
FY2024 $8.4B $81.4M $1.28 $167.3M 2.5% 4.1%
FY2023 $8.1B $251.3M $3.79 $190.7M 5.1% 10.1%
FY2022 $7.8B $230.4M $3.41 -$30.4M 4.5% 9.3%
FY2021 $6.2B $126.3M $1.86 $280.0M 3.3% 6.4%
FY2020 $6.0B $300.0K $0.00 $419.5M 1.6% 2.3%
FY2019 $6.5B $127.4M $1.90 $203.1M 3.2% 7.1%
FY2018 $6.4B $97.8M $1.47 $270.0M 2.2% 5.7%
FY2017 $5.5B $3.8M $0.07 -$51.6M 1.9% 2.8%
FY2016 $5.1B $57.2M $1.01 $39.5M 1.1% 4.6%

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

Executive summary

ABM INDUSTRIES INC /DE/ has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.

ABM INDUSTRIES INC /DE/ has historically struggled to out-earn its cost of capital, averaging just 6.0% ROIC.

Over the decade, ABM INDUSTRIES INC /DE/ shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ABM INDUSTRIES INC /DE/ is modeled at 11.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $68.29 per share.

ABM stock: frequently asked questions

What is the intrinsic value of Abm Industries Inc. /DE/ (ABM) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 11.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ABM's intrinsic value is about $68.29 per share.

Is ABM stock undervalued?

At $51.15 (close on Oct 17, 2026), ABM trades 25% below its Graham value of $68.29. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Abm Industries Inc. /DE/ grown?

Revenue went from $5.1B in fiscal 2016 to $8.7B in fiscal 2025, a compound annual growth rate of 6.1%. Net income was $162.4M in fiscal 2025.

Does Abm Industries Inc. /DE/ generate free cash flow?

Abm Industries Inc. /DE/ generated $155.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 10 reported years.

What is ABM's return on invested capital?

Average ROIC over the last 10 fiscal years was 6.0%, and average return on equity was 7.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ABM data come from?

From Abm Industries Inc. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Jun 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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