Best Buy Co. Inc. (BBY) intrinsic value & 10-year financials
Best Buy Co. Inc. (BBY) has a Graham intrinsic value of $64.44 per share. At $92.63 on Oct 17, 2026, the stock trades 44% above that value. Over the last 10 fiscal years revenue grew 0.6% a year to $41.7B, with an average return on invested capital of 41.4%.
- Graham intrinsic value
- $64.44
- Share price (Oct 17, 2026)
- $92.63
- Price vs Graham value
- 44% above
- Market cap
- $19.6B
- Revenue (FY2026)
- $41.7B
- Revenue growth (10-yr CAGR)
- 0.6%
- ROIC (10-yr avg)
- 41.4%
- Free cash flow (FY2026)
- $1.3B
BBY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $41.7B | $1.1B | $5.04 | $1.3B | 3.3% | 44.3% |
| FY2025 | $41.5B | $927.0M | $4.28 | $1.4B | 3.0% | 24.5% |
| FY2024 | $43.5B | $1.2B | $5.68 | $675.0M | 3.6% | 26.0% |
| FY2023 | $46.3B | $1.4B | $6.29 | $894.0M | 3.9% | 37.0% |
| FY2022 | $51.8B | $2.5B | $9.84 | $2.5B | 5.9% | 85.0% |
| FY2021 | $47.3B | $1.8B | $6.84 | $4.2B | 5.1% | 51.1% |
| FY2020 | $43.6B | $1.5B | $5.75 | $1.8B | 4.6% | 42.3% |
| FY2019 | $42.9B | $1.5B | $5.20 | $1.6B | 4.4% | 45.2% |
| FY2018 | $42.2B | $1.0B | $3.26 | $1.5B | 4.4% | 26.3% |
| FY2017 | $39.4B | $1.2B | $3.81 | $2.0B | 4.7% | 32.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Best Buy has demonstrated mature, steady growth, with revenue compounding at 0.6% annually over the past decade.
Best Buy has earned high returns on invested capital, averaging 41.4% 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, Best Buy shows that management has aggressively returned capital to shareholders by retiring 34.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Best Buy is modeled at 3.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $64.44 per share.