Arko Corp. (ARKO) intrinsic value & 10-year financials

Arko Corp. (ARKO) has a Graham intrinsic value of $1.10 per share. At $4.10 on Oct 17, 2026, the stock trades 273% above that value. Over the last 8 fiscal years revenue grew 10.8% a year to $7.6B, with an average return on invested capital of 3.8%.

Graham intrinsic value
$1.10
Share price (Oct 17, 2026)
$4.10
Price vs Graham value
273% above
Market cap
$471.4M
Revenue (FY2025)
$7.6B
Revenue growth (8-yr CAGR)
10.8%
ROIC (10-yr avg)
3.8%
Free cash flow (FY2025)
$65.3M

ARKO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.6B $22.7M $0.15 $65.3M 1.3% 3.2%
FY2024 $8.7B $20.8M $0.13 $107.9M 1.1% 2.9%
FY2023 $9.4B $34.4M $0.24 $24.9M 1.3% 3.7%
FY2022 $9.1B $71.7M $0.53 $110.7M 1.8% 5.3%
FY2021 $7.4B $59.2M $0.42 -$67.0M 1.9% 6.1%
FY2020 $4.0B $13.7M $0.15 $129.2M 2.0% 4.3%
FY2019 $4.1B -$43.5M -$0.65 -$15.0M 0.0% 0.6%
FY2018 — — — — — —

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

Executive summary

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

ARKO Corp. has historically struggled to out-earn its cost of capital, averaging just 4.3% ROIC.

ARKO Corp. 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, ARKO Corp. is modeled at 0.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.10 per share.

ARKO stock: frequently asked questions

What is the intrinsic value of Arko Corp. (ARKO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 0.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ARKO's intrinsic value is about $1.10 per share.

Is ARKO stock undervalued?

At $4.10 (close on Oct 17, 2026), ARKO trades 273% above its Graham value of $1.10. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Arko Corp. generate free cash flow?

Arko Corp. generated $65.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 7 reported years.

What is ARKO's return on invested capital?

Average ROIC over the last 8 fiscal years was 3.8%, and average return on equity was 9.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ARKO data come from?

From Arko Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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