American Eagle Outfitters Inc. (AEO) intrinsic value & 10-year financials
American Eagle Outfitters Inc. (AEO) has a Graham intrinsic value of $6.70 per share. At $17.98 on Oct 17, 2026, the stock trades 168% above that value. Over the last 10 fiscal years revenue grew 4.9% a year to $5.5B, with an average return on invested capital of 10.8%.
- Graham intrinsic value
- $6.70
- Share price (Oct 17, 2026)
- $17.98
- Price vs Graham value
- 168% above
- Market cap
- $3.2B
- Revenue (FY2026)
- $5.5B
- Revenue growth (10-yr CAGR)
- 4.9%
- ROIC (10-yr avg)
- 10.8%
- Free cash flow (FY2026)
- $195.4M
AEO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $5.5B | $192.0M | $1.09 | $195.4M | 4.1% | 6.2% |
| FY2025 | $5.3B | $329.4M | $1.68 | $254.3M | 8.0% | 13.0% |
| FY2024 | $5.3B | $170.0M | $0.86 | $406.3M | 4.2% | 6.7% |
| FY2023 | $5.0B | $125.1M | $0.64 | $145.9M | 5.0% | 7.0% |
| FY2022 | $5.0B | $419.6M | $2.03 | $69.8M | 11.8% | 21.2% |
| FY2021 | $3.8B | -$209.3M | -$1.26 | $74.5M | -7.2% | -10.0% |
| FY2020 | $4.3B | $191.3M | $1.12 | $205.1M | 5.4% | 8.3% |
| FY2019 | $4.0B | $261.9M | $1.47 | $267.6M | 8.4% | 20.2% |
| FY2018 | $3.8B | $204.2M | $1.13 | $225.0M | 8.0% | 17.6% |
| FY2017 | $3.6B | $212.4M | $1.16 | $204.1M | 9.2% | 17.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMERICAN EAGLE OUTFITTERS INC has demonstrated mature, steady growth, with revenue compounding at 4.9% annually over the past decade.
AMERICAN EAGLE OUTFITTERS INC returns on capital have been average, hovering around 10.8% ROIC over the decade.
AMERICAN EAGLE OUTFITTERS INC 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, AMERICAN EAGLE OUTFITTERS INC is modeled at -0.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.70 per share.