AvePoint, Inc. (AVPT) intrinsic value & 10-year financials

AvePoint, Inc. (AVPT) has a Graham intrinsic value of $4.98 per share. At $14.33 on Oct 17, 2026, the stock trades 188% above that value. Over the last 8 fiscal years revenue grew 23.9% a year to $419.5M, with an average return on invested capital of -463.0%.

Graham intrinsic value
$4.98
Share price (Oct 17, 2026)
$14.33
Price vs Graham value
188% above
Market cap
$3.3B
Revenue (FY2025)
$419.5M
Revenue growth (8-yr CAGR)
23.9%
ROIC (10-yr avg)
-463.0%
Free cash flow (FY2025)
$81.6M

AVPT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $419.5M $34.8M $0.15 $81.6M 7.9% -2498.8%
FY2024 $330.5M -$29.1M -$0.16 $85.8M 2.2% -295.4%
FY2023 $271.8M -$21.7M -$0.12 $32.6M -5.6% -305.4%
FY2022 $232.3M -$41.6M — -$4.6M -17.7% -17.1%
FY2021 $191.9M -$35.2M -$0.48 $2.6M -27.9% -41.9%
FY2020 $151.5M -$4.3M -$0.07 -$3.4M -3.6% -110.2%
FY2019 $116.1M -$20.2M -$0.21 -$3.1M -16.4% 27.6%
FY2018 — — — — — —

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

Executive summary

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

AvePoint, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.3% ROIC.

AvePoint, Inc. 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, AvePoint, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.98 per share.

AVPT stock: frequently asked questions

What is the intrinsic value of AvePoint, Inc. (AVPT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, AVPT's intrinsic value is about $4.98 per share.

Is AVPT stock undervalued?

At $14.33 (close on Oct 17, 2026), AVPT trades 188% above its Graham value of $4.98. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does AvePoint, Inc. generate free cash flow?

AvePoint, Inc. generated $81.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 7 reported years.

What is AVPT's return on invested capital?

Average ROIC over the last 8 fiscal years was -463.0%, and average return on equity was -16.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AVPT data come from?

From AvePoint, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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