Advantage Solutions Inc. (ADV) intrinsic value & 10-year financials

Advantage Solutions Inc. (ADV) has a Graham intrinsic value of $1.06 per share. At $29.06 on Oct 17, 2026, the stock trades 2642% above that value. Over the last 9 fiscal years revenue shrank 0.7% a year to $3.5B, with an average return on invested capital of -9.8%.

Graham intrinsic value
$1.06
Share price (Oct 17, 2026)
$29.06
Price vs Graham value
2642% above
Market cap
$9.4B
Revenue (FY2025)
$3.5B
Revenue growth (9-yr CAGR)
-0.7%
ROIC (10-yr avg)
-9.8%
Free cash flow (FY2025)
$55.1M

ADV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.5B -$227.7M — $55.1M -3.6% -5.1%
FY2024 $3.6B -$327.0M — $85.3M -8.3% -9.6%
FY2023 $4.2B -$63.3M -$0.20 $192.7M 1.8% 1.7%
FY2022 $4.0B -$1.4B -$4.33 $80.8M -35.5% -34.7%
FY2021 $3.6B $54.5M $0.17 $94.8M 6.4% 3.2%
FY2020 $3.2B -$162.4M -$0.79 $314.8M 2.1% 1.7%
FY2019 $3.8B -$21.2M -$0.10 $98.9M 5.6% 6.5%
FY2018 $3.7B -$1.2B — $79.2M -29.4% -42.1%
FY2017 — — — — — —

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

Executive summary

Advantage Solutions Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Advantage Solutions Inc. has historically struggled to out-earn its cost of capital, averaging just -5.2% ROIC.

Advantage Solutions Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Advantage Solutions Inc. is modeled at -0.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.06 per share.

ADV stock: frequently asked questions

What is the intrinsic value of Advantage Solutions Inc. (ADV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -0.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ADV's intrinsic value is about $1.06 per share.

Is ADV stock undervalued?

At $29.06 (close on Oct 17, 2026), ADV trades 2642% above its Graham value of $1.06. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Advantage Solutions Inc. generate free cash flow?

Advantage Solutions Inc. generated $55.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 8 reported years.

What is ADV's return on invested capital?

Average ROIC over the last 9 fiscal years was -9.8%, and average return on equity was -27.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ADV data come from?

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

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