BUILD-A-BEAR Workshop Inc. (BBW) intrinsic value & 10-year financials
BUILD-A-BEAR Workshop Inc. (BBW) has a Graham intrinsic value of $132.53 per share. At $24.96 on Oct 17, 2026, the stock trades 81% below that value. Over the last 10 fiscal years revenue grew 4.5% a year to $529.8M, with an average return on invested capital of 21.7%.
- Graham intrinsic value
- $132.53
- Share price (Oct 17, 2026)
- $24.96
- Price vs Graham value
- 81% below
- Market cap
- $326.6M
- Revenue (FY2026)
- $529.8M
- Revenue growth (10-yr CAGR)
- 4.5%
- ROIC (10-yr avg)
- 21.7%
- Free cash flow (FY2026)
- $39.5M
BBW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $529.8M | $52.2M | $3.99 | $39.5M | — | 25.6% |
| FY2025 | $496.4M | $51.8M | $3.80 | $27.8M | — | 31.9% |
| FY2024 | $486.1M | $52.8M | $3.65 | $46.0M | — | 37.9% |
| FY2023 | $467.9M | $48.0M | $3.15 | $33.6M | — | 35.5% |
| FY2022 | $411.5M | $47.3M | $2.93 | $19.9M | — | 35.3% |
| FY2021 | $255.3M | -$23.0M | -$1.54 | $8.3M | — | -14.6% |
| FY2020 | $338.5M | $261.0K | $0.02 | $9.2M | — | 0.1% |
| FY2019 | $336.6M | -$17.9M | -$1.23 | -$1.6M | — | — |
| FY2018 | — | — | — | — | — | — |
| FY2017 | $357.9M | $7.9M | $0.50 | $3.3M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BUILD-A-BEAR WORKSHOP INC has demonstrated mature, steady growth, with revenue compounding at 4.5% annually over the past decade.
BUILD-A-BEAR WORKSHOP INC has earned high returns on invested capital, averaging 21.7% 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, BUILD-A-BEAR WORKSHOP INC shows that management has aggressively returned capital to shareholders by retiring 17.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BUILD-A-BEAR WORKSHOP INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $132.53 per share.