Arch Capital Group Ltd. (ACGLO) intrinsic value & 10-year financials
Arch Capital Group Ltd. (ACGLO) has a Graham intrinsic value of $385.30 per share. Over the last 10 fiscal years revenue grew 18.1% a year to $19.9B, with an average return on invested capital of 14.8%.
- Graham intrinsic value
- $385.30
- Revenue (FY2025)
- $19.9B
- Revenue growth (10-yr CAGR)
- 18.1%
- ROIC (10-yr avg)
- 14.8%
- Free cash flow (FY2025)
- $6.1B
ACGLO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $19.9B | $4.4B | $11.60 | $6.1B | — | 19.5% |
| FY2024 | $17.4B | $4.3B | $11.19 | $6.6B | — | 22.0% |
| FY2023 | $13.6B | $4.4B | $11.62 | $5.7B | — | 28.4% |
| FY2022 | $9.6B | $1.5B | $3.80 | $3.8B | — | 11.2% |
| FY2021 | $9.2B | $2.2B | $5.23 | $3.4B | — | 16.2% |
| FY2020 | $8.5B | $1.4B | $3.32 | $2.8B | — | 11.4% |
| FY2019 | $6.9B | $1.6B | $3.87 | $2.0B | — | 15.6% |
| FY2018 | $5.5B | $758.0M | $1.73 | $1.5B | — | 8.1% |
| FY2017 | $5.6B | $619.3M | $1.36 | $1.1B | — | 7.1% |
| FY2016 | $4.5B | $692.7M | $1.78 | $1.4B | — | 8.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ARCH CAPITAL GROUP LTD. is a consistent compounder, expanding top-line revenue at 18.1% annually over the past decade.
ARCH CAPITAL GROUP LTD. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
ARCH CAPITAL GROUP LTD. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ARCH CAPITAL GROUP LTD. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $385.30 per share.