Amrep Corp. (AXR) intrinsic value & 10-year financials
Amrep Corp. (AXR) has a Graham intrinsic value of $63.44 per share. At $19.68 on Oct 17, 2026, the stock trades 69% below that value. Over the last 10 fiscal years revenue grew 2.5% a year to $52.8M, with an average return on invested capital of 5.7%.
- Graham intrinsic value
- $63.44
- Share price (Oct 17, 2026)
- $19.68
- Price vs Graham value
- 69% below
- Market cap
- $106.1M
- Revenue (FY2026)
- $52.8M
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 5.7%
- Free cash flow (FY2026)
- $12.8M
AXR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $52.8M | $10.3M | $1.91 | $12.8M | 23.4% | 10.1% |
| FY2025 | $49.7M | $12.7M | $2.37 | $9.7M | 24.4% | 12.5% |
| FY2024 | $51.4M | $6.7M | $0.00 | $10.3M | 14.8% | 6.7% |
| FY2023 | $48.7M | $21.8M | $0.00 | $6.3M | 12.0% | 7.3% |
| FY2022 | $62.5M | $15.9M | $0.00 | $14.2M | 34.1% | 22.9% |
| FY2021 | $40.1M | $7.4M | $0.00 | $12.6M | 22.6% | 9.6% |
| FY2020 | $18.8M | -$5.9M | -$0.00 | $756.0K | -42.4% | -8.7% |
| FY2019 | $12.8M | $1.5M | — | $584.0K | -25.3% | -3.7% |
| FY2018 | $40.2M | $238.0K | — | $392.0K | — | 0.3% |
| FY2017 | $42.4M | -$15.0K | — | $10.2M | — | -0.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMREP CORP. has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
AMREP CORP. has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.
Over the decade, AMREP CORP. shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AMREP CORP. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $63.44 per share.