Ambarella Inc. (AMBA) intrinsic value & 10-year financials
Ambarella Inc. (AMBA) has a Graham intrinsic value of $6.49 per share. At $61.70 on Oct 17, 2026, the stock trades 851% above that value. Over the last 10 fiscal years revenue grew 2.6% a year to $390.7M, with an average return on invested capital of -15.6%.
- Graham intrinsic value
- $6.49
- Share price (Oct 17, 2026)
- $61.70
- Price vs Graham value
- 851% above
- Market cap
- $2.6B
- Revenue (FY2026)
- $390.7M
- Revenue growth (10-yr CAGR)
- 2.6%
- ROIC (10-yr avg)
- -15.6%
- Free cash flow (FY2026)
- $58.0M
AMBA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $390.7M | -$75.9M | -$1.78 | $58.0M | -21.1% | -19.8% |
| FY2025 | $284.9M | -$117.1M | -$2.84 | $23.5M | -44.4% | -30.1% |
| FY2024 | $226.5M | -$169.4M | -$4.25 | $7.0M | -68.2% | -33.8% |
| FY2023 | $337.6M | -$65.4M | -$1.70 | $29.0M | -22.0% | -15.5% |
| FY2022 | $331.9M | -$26.4M | -$0.72 | $29.1M | -8.9% | -8.7% |
| FY2021 | $223.0M | -$59.8M | -$1.72 | $28.8M | -27.4% | -26.3% |
| FY2020 | $228.7M | -$44.8M | -$1.35 | $37.6M | -21.7% | -22.1% |
| FY2019 | $227.8M | -$30.4M | -$0.93 | $21.5M | -17.7% | -15.8% |
| FY2018 | $295.4M | $18.9M | $0.55 | $81.7M | 8.3% | 3.8% |
| FY2017 | $310.3M | $57.8M | $1.68 | $110.6M | 19.5% | 12.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMBARELLA INC has demonstrated mature, steady growth, with revenue compounding at 2.6% annually over the past decade.
AMBARELLA INC has historically struggled to out-earn its cost of capital, averaging just -15.6% ROIC.
AMBARELLA 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, AMBARELLA INC is modeled at 2.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.49 per share.