Bausch & Lomb Corp. (BLCO) intrinsic value & 10-year financials

Bausch & Lomb Corp. (BLCO) has a Graham intrinsic value of $0.42 per share. At $16.49 on Oct 17, 2026, the stock trades 3826% above that value. Over the last 7 fiscal years revenue grew 8.4% a year to $5.1B, with an average return on invested capital of 1.4%.

Graham intrinsic value
$0.42
Share price (Oct 17, 2026)
$16.49
Price vs Graham value
3826% above
Market cap
$5.8B
Revenue (FY2025)
$5.1B
Revenue growth (7-yr CAGR)
8.4%
ROIC (10-yr avg)
1.4%
Free cash flow (FY2025)
-$66.0M

BLCO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.1B -$360.0M -$1.02 -$66.0M 2.2% 1.0%
FY2024 $4.8B -$317.0M -$0.90 -$59.0M 3.4% 1.5%
FY2023 $4.1B -$260.0M -$0.74 -$198.0M 3.1% 1.3%
FY2022 $3.8B $6.0M $0.02 $170.0M 5.5% 1.1%
FY2021 $3.8B $182.0M $0.52 $680.0M 8.7% 2.1%
FY2020 $3.4B -$18.0M -$0.05 $269.0M 7.6% 1.3%
FY2019 — — — — — —

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

Executive summary

Bausch & Lomb Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Bausch & Lomb Corp has historically struggled to out-earn its cost of capital, averaging just 1.4% ROIC.

Bausch & Lomb Corp 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, Bausch & Lomb Corp is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.42 per share.

BLCO stock: frequently asked questions

What is the intrinsic value of Bausch & Lomb Corp. (BLCO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BLCO's intrinsic value is about $0.42 per share.

Is BLCO stock undervalued?

At $16.49 (close on Oct 17, 2026), BLCO trades 3826% above its Graham value of $0.42. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Bausch & Lomb Corp. generate free cash flow?

Bausch & Lomb Corp. generated -$66.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 6 reported years.

What is BLCO's return on invested capital?

Average ROIC over the last 7 fiscal years was 1.4%, and average return on equity was -2.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BLCO data come from?

From Bausch & Lomb Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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