AMERICAN WOODMARK CORP (AMWD) intrinsic value & 10-year financials

AMERICAN WOODMARK CORP (AMWD) has a Graham intrinsic value of $124.83 per share. Over the last 10 fiscal years revenue grew 6.8% a year to $1.7B, with an average return on invested capital of 15.2%.

Graham intrinsic value
$124.83
Revenue (FY2025)
$1.7B
Revenue growth (10-yr CAGR)
6.8%
ROIC (10-yr avg)
15.2%
Free cash flow (FY2025)
$68.7M

AMWD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.7B $99.5M $6.50 $68.7M 8.2% 9.0%
FY2024 $1.8B $116.2M $7.15 $139.7M 8.7% 10.3%
FY2023 $2.1B $93.7M $5.62 $156.2M 6.6% 8.4%
FY2022 $1.9B -$29.7M -$1.79 -$19.7M 1.9% 2.0%
FY2021 $1.7B $58.8M $3.45 $116.0M 6.4% 7.1%
FY2020 $1.7B $74.9M $4.42 $145.9M 8.0% 8.0%
FY2019 $1.6B $83.7M $4.83 $158.7M 8.6% 8.2%
FY2018 $1.3B $63.1M $3.77 $39.2M 8.6% 9.4%
FY2017 $1.0B $71.2M $4.34 $55.3M 10.5% 43.8%
FY2016 $947.0M $58.7M $3.57 $43.1M 9.8% 45.7%

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

Executive summary

AMERICAN WOODMARK CORP has demonstrated mature, steady growth, with revenue compounding at 6.8% annually over the past decade.

AMERICAN WOODMARK CORP has earned high returns on invested capital, averaging 15.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Over the decade, AMERICAN WOODMARK CORP shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, AMERICAN WOODMARK CORP is modeled at 6.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $124.83 per share.

AMWD stock: frequently asked questions

What is the intrinsic value of AMERICAN WOODMARK CORP (AMWD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 6.9% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, AMWD's intrinsic value is about $124.83 per share.

How fast has AMERICAN WOODMARK CORP grown?

Revenue went from $947.0M in fiscal 2016 to $1.7B in fiscal 2025, a compound annual growth rate of 6.8%. Net income was $99.5M in fiscal 2025.

Does AMERICAN WOODMARK CORP generate free cash flow?

AMERICAN WOODMARK CORP generated $68.7M 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 AMWD's return on invested capital?

Average ROIC over the last 10 fiscal years was 15.2%, and average return on equity was 12.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AMWD data come from?

From AMERICAN WOODMARK CORP's annual 10-K filings on SEC EDGAR, most recently filed Feb 26, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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