BJ's Wholesale Club Holdings, Inc. (BJ) intrinsic value & 10-year financials
BJ's Wholesale Club Holdings, Inc. (BJ) has a Graham intrinsic value of $145.48 per share. At $102.95 on Oct 17, 2026, the stock trades 29% below that value. Over the last 10 fiscal years revenue grew 6.3% a year to $21.5B, with an average return on invested capital of 8.6%.
- Graham intrinsic value
- $145.48
- Share price (Oct 17, 2026)
- $102.95
- Price vs Graham value
- 29% below
- Market cap
- $13.6B
- Revenue (FY2026)
- $21.5B
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- 8.6%
- Free cash flow (FY2026)
- $328.0M
BJ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $21.5B | $578.4M | $4.38 | $328.0M | 3.8% | 13.5% |
| FY2025 | $20.5B | $534.4M | $4.00 | $312.9M | 3.8% | 13.2% |
| FY2024 | $20.0B | $523.7M | $3.88 | $251.8M | 4.0% | 14.0% |
| FY2023 | $19.3B | $513.2M | $3.76 | $390.4M | 3.8% | 14.9% |
| FY2022 | $16.7B | $426.7M | $3.09 | $508.1M | 3.7% | 13.9% |
| FY2021 | $15.4B | $421.0M | $3.03 | $650.2M | 4.2% | 13.9% |
| FY2020 | $13.2B | $187.2M | $1.35 | $158.2M | 2.7% | 10.5% |
| FY2019 | $13.0B | $127.3M | $1.05 | $281.2M | 2.3% | 17.2% |
| FY2018 | $12.8B | $50.3M | $0.54 | $72.6M | 1.7% | 13.4% |
| FY2017 | $12.4B | $44.2M | $0.48 | $182.7M | 1.7% | -38.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BJ's Wholesale Club Holdings, Inc. has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
BJ's Wholesale Club Holdings, Inc. returns on capital have been average, hovering around 8.6% ROIC over the decade.
BJ's Wholesale Club Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BJ's Wholesale Club Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $145.48 per share.