American Realty Investors Inc. (ARL) intrinsic value & 10-year financials
American Realty Investors Inc. (ARL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 9.2% a year to $50.0M, with an average return on invested capital of -0.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $16.56
- Market cap
- $267.5M
- Revenue (FY2025)
- $50.0M
- Revenue growth (10-yr CAGR)
- -9.2%
- ROIC (10-yr avg)
- -0.6%
- Free cash flow (FY2025)
- —
ARL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $50.0M | $15.7M | $0.97 | — | -12.9% | -0.7% |
| FY2024 | $47.3M | -$14.7M | -$0.91 | — | -14.0% | -0.7% |
| FY2023 | $50.5M | $4.0M | $0.25 | — | -22.3% | -1.1% |
| FY2022 | $37.5M | $373.3M | $23.11 | — | -24.7% | -1.4% |
| FY2021 | $42.0M | $3.3M | $0.21 | — | -49.0% | -5.1% |
| FY2020 | $59.0M | $9.0M | $0.56 | — | -0.2% | -0.0% |
| FY2019 | $48.0M | -$16.0M | -$1.00 | — | -23.8% | -2.4% |
| FY2018 | $121.0M | $173.7M | $10.35 | — | 11.5% | 1.9% |
| FY2017 | $126.2M | -$8.4M | -$0.61 | — | 13.8% | 1.8% |
| FY2016 | $119.7M | -$2.7M | -$0.25 | — | 12.2% | 1.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMERICAN REALTY INVESTORS INC is facing top-line stagnation, with revenue contracting over the decade.
AMERICAN REALTY INVESTORS INC has historically struggled to out-earn its cost of capital, averaging just -0.6% ROIC.
AMERICAN REALTY INVESTORS 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 REALTY INVESTORS INC is modeled at -28.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-40.92 per share.