Associated Capital Group, Inc. (ACGP) intrinsic value & 10-year financials
Associated Capital Group, Inc. (ACGP) has a Graham intrinsic value of $69.09 per share. At $31.43 on Oct 17, 2026, the stock trades 55% below that value. Over the last 10 fiscal years revenue shrank 5.9% a year to $13.2M, with an average return on invested capital of -1.4%.
- Graham intrinsic value
- $69.09
- Share price (Oct 17, 2026)
- $31.43
- Price vs Graham value
- 55% below
- Market cap
- $670.9M
- Revenue (FY2024)
- $13.2M
- Revenue growth (10-yr CAGR)
- -5.9%
- ROIC (10-yr avg)
- -1.4%
- Free cash flow (FY2024)
- —
ACGP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $13.2M | $44.3M | $2.08 | — | -142.3% | -1.8% |
| FY2023 | $12.7M | $37.5M | $0.00 | — | -133.6% | -1.5% |
| FY2022 | $15.2M | -$48.9M | -$0.00 | — | -74.0% | -0.9% |
| FY2021 | $20.9M | $59.2M | $0.00 | — | -91.2% | -1.6% |
| FY2020 | $19.0M | $18.8M | $0.00 | — | -65.7% | -0.9% |
| FY2019 | $31.3M | $39.2M | $0.00 | — | -50.4% | -1.4% |
| FY2018 | $22.8M | -$58.1M | -$0.00 | — | -59.2% | -1.3% |
| FY2017 | $26.9M | $8.8M | $0.00 | — | -75.7% | -2.3% |
| FY2016 | $31.2M | $10.2M | $0.00 | — | -39.2% | -1.1% |
| FY2015 | $22.8M | -$111.0K | $0.00 | — | -62.7% | -1.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Associated Capital Group, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Associated Capital Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -1.4% ROIC.
Over the decade, Associated Capital Group, Inc. shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Associated Capital Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $69.09 per share.