Albany International Corp. /DE/ (AIN) intrinsic value & 10-year financials

Albany International Corp. /DE/ (AIN) has a Graham intrinsic value of $43.43 per share. At $60.76 on Oct 17, 2026, the stock trades 40% above that value. Over the last 10 fiscal years revenue grew 4.7% a year to $1.2B, with an average return on invested capital of 9.2%.

Graham intrinsic value
$43.43
Share price (Oct 17, 2026)
$60.76
Price vs Graham value
40% above
Market cap
$1.8B
Revenue (FY2025)
$1.2B
Revenue growth (10-yr CAGR)
4.7%
ROIC (10-yr avg)
9.2%
Free cash flow (FY2025)
$82.6M

AIN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.2B -$57.3M -$1.94 $82.6M -3.1% -2.9%
FY2024 $1.2B $87.6M $2.80 $138.2M 10.7% 7.9%
FY2023 $1.1B $111.1M $3.55 $64.5M 14.6% 9.9%
FY2022 $1.0B $95.8M $3.04 $34.5M 17.5% 13.2%
FY2021 $929.2M $118.5M $3.65 $164.7M 19.2% 13.1%
FY2020 $900.6M $98.6M $3.05 $98.8M 18.4% 11.9%
FY2019 $1.1B $132.4M $4.10 $133.0M 18.4% 15.2%
FY2018 $982.5M $82.9M $2.57 $50.9M 14.0% 10.8%
FY2017 $863.7M $33.1M $1.03 -$21.3M 8.8% 5.3%
FY2016 $779.8M $52.7M $1.64 $9.7M 11.8% 7.6%

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

Executive summary

ALBANY INTERNATIONAL CORP /DE/ has demonstrated mature, steady growth, with revenue compounding at 4.7% annually over the past decade.

ALBANY INTERNATIONAL CORP /DE/ returns on capital have been average, hovering around 9.2% ROIC over the decade.

ALBANY INTERNATIONAL CORP /DE/ 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, ALBANY INTERNATIONAL CORP /DE/ is modeled at 4.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $43.43 per share.

AIN stock: frequently asked questions

What is the intrinsic value of Albany International Corp. /DE/ (AIN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, AIN's intrinsic value is about $43.43 per share.

Is AIN stock undervalued?

At $60.76 (close on Oct 17, 2026), AIN trades 40% above its Graham value of $43.43. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Albany International Corp. /DE/ grown?

Revenue went from $779.8M in fiscal 2016 to $1.2B in fiscal 2025, a compound annual growth rate of 4.7%. Net income was -$57.3M in fiscal 2025.

Does Albany International Corp. /DE/ generate free cash flow?

Albany International Corp. /DE/ generated $82.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is AIN's return on invested capital?

Average ROIC over the last 10 fiscal years was 9.2%, and average return on equity was 10.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AIN data come from?

From Albany International Corp. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.