Acme United Corp. (ACU) intrinsic value & 10-year financials

Acme United Corp. (ACU) has a Graham intrinsic value of $38.67 per share. At $61.52 on Oct 17, 2026, the stock trades 59% above that value. Over the last 10 fiscal years revenue grew 5.2% a year to $196.5M, with an average return on invested capital of 8.4%.

Graham intrinsic value
$38.67
Share price (Oct 17, 2026)
$61.52
Price vs Graham value
59% above
Market cap
$251.4M
Revenue (FY2025)
$196.5M
Revenue growth (10-yr CAGR)
5.2%
ROIC (10-yr avg)
8.4%
Free cash flow (FY2025)
$7.6M

ACU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $196.5M $10.2M $2.49 $7.6M 7.5% 9.0%
FY2024 $194.5M $10.0M $2.45 $4.8M 7.3% 10.1%
FY2023 $191.5M $17.8M $4.86 $24.2M 6.9% 8.9%
FY2022 $194.0M $3.0M $0.82 -$1.4M 3.2% 4.5%
FY2021 $182.1M $13.7M $3.45 -$1.2M 7.0% 11.1%
FY2020 $164.0M $8.1M $2.31 $3.2M 7.0% 10.3%
FY2019 $142.5M $5.5M $1.60 $13.0M 5.9% 8.2%
FY2018 $137.3M $4.6M $1.30 $1.6M 5.4% 7.2%
FY2017 $130.6M $4.1M $1.09 $1.7M 6.0% 6.2%
FY2016 $124.6M $5.9M $1.64 $7.0M 6.8% 9.0%

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

Executive summary

ACME UNITED CORP has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.

ACME UNITED CORP returns on capital have been average, hovering around 8.5% ROIC over the decade.

ACME UNITED CORP 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, ACME UNITED CORP is modeled at 4.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $38.67 per share.

ACU stock: frequently asked questions

What is the intrinsic value of Acme United Corp. (ACU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ACU's intrinsic value is about $38.67 per share.

Is ACU stock undervalued?

At $61.52 (close on Oct 17, 2026), ACU trades 59% above its Graham value of $38.67. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Acme United Corp. grown?

Revenue went from $124.6M in fiscal 2016 to $196.5M in fiscal 2025, a compound annual growth rate of 5.2%. Net income was $10.2M in fiscal 2025.

Does Acme United Corp. generate free cash flow?

Acme United Corp. generated $7.6M 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 ACU's return on invested capital?

Average ROIC over the last 10 fiscal years was 8.4%, and average return on equity was 11.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ACU data come from?

From Acme United Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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