Atkore Inc. (ATKR) intrinsic value & 10-year financials

Atkore Inc. (ATKR) has a Graham intrinsic value of $250.93 per share. At $94.96 on Oct 17, 2026, the stock trades 62% below that value. Over the last 10 fiscal years revenue grew 7.2% a year to $2.9B, with an average return on invested capital of 27.4%.

Graham intrinsic value
$250.93
Share price (Oct 17, 2026)
$94.96
Price vs Graham value
62% below
Market cap
$3.2B
Revenue (FY2025)
$2.9B
Revenue growth (10-yr CAGR)
7.2%
ROIC (10-yr avg)
27.4%
Free cash flow (FY2025)
$295.7M

ATKR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.9B -$15.2M -$0.45 $295.7M 0.8% 1.0%
FY2024 $3.2B $472.9M $12.69 $399.2M 19.5% 24.7%
FY2023 $3.5B $689.9M $17.27 $588.7M 25.4% 40.0%
FY2022 $3.9B $913.4M $20.30 $651.1M 31.5% 67.9%
FY2021 $2.9B $587.9M $12.19 $508.4M 27.3% 60.2%
FY2020 $1.8B $152.3M $3.10 $215.0M 13.6% 19.2%
FY2019 $1.9B $139.1M $2.83 $174.8M 11.7% 18.4%
FY2018 $1.8B $136.6M $2.48 $107.2M 9.8% 16.8%
FY2017 $1.5B $84.6M $1.27 $96.5M 10.5% 13.4%
FY2016 $1.5B $58.8M $0.94 $139.8M 8.3% 12.5%

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

Executive summary

Atkore Inc. has demonstrated mature, steady growth, with revenue compounding at 7.2% annually over the past decade.

Atkore Inc. has earned high returns on invested capital, averaging 27.4% 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, Atkore Inc. shows that management has aggressively returned capital to shareholders by retiring 45.8% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Atkore Inc. is modeled at 7.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $250.93 per share.

ATKR stock: frequently asked questions

What is the intrinsic value of Atkore Inc. (ATKR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 7.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ATKR's intrinsic value is about $250.93 per share.

Is ATKR stock undervalued?

At $94.96 (close on Oct 17, 2026), ATKR trades 62% below its Graham value of $250.93. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Atkore Inc. grown?

Revenue went from $1.5B in fiscal 2016 to $2.9B in fiscal 2025, a compound annual growth rate of 7.2%. Net income was -$15.2M in fiscal 2025.

Does Atkore Inc. generate free cash flow?

Atkore Inc. generated $295.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is ATKR's return on invested capital?

Average ROIC over the last 10 fiscal years was 27.4%, and average return on equity was 49.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ATKR data come from?

From Atkore Inc.'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.

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