Bnb Plus Corp. (BNBX) intrinsic value & 10-year financials

Bnb Plus Corp. (BNBX) has a Graham intrinsic value of $683.26 per share. At $0.10 on Oct 17, 2026, the stock trades 100% below that value. Over the last 10 fiscal years revenue shrank 7.2% a year to $2.1M, with an average return on invested capital of 1790.5%.

Graham intrinsic value
$683.26
Share price (Oct 17, 2026)
$0.10
Price vs Graham value
100% below
Market cap
$54.4K
Revenue (FY2025)
$2.1M
Revenue growth (10-yr CAGR)
-7.2%
ROIC (10-yr avg)
1790.5%
Free cash flow (FY2025)
-$12.6M

BNBX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.1M -$15.2M -$134.23 -$12.6M -750.9% -528.6%
FY2024 $3.4M -$7.0M -$1.82 -$14.1M -408.7% -1943.4%
FY2023 $13.4M -$9.9M -$0.76 -$6.3M -81.9% 749.5%
FY2022 $18.2M -$8.3M -$0.93 -$9.5M -76.9% -116.3%
FY2021 $9.0M -$14.3M -$2.07 -$15.9M -145.3% -155.8%
FY2020 $1.9M -$13.0M -$3.32 -$12.2M -649.0% -514.1%
FY2019 $5.4M -$8.6M — -$6.9M -169.3% 20985.9%
FY2018 $3.9M -$11.7M — -$7.2M -298.4% -306.0%
FY2017 $4.8M -$12.9M — -$7.6M -269.8% -148.9%
FY2016 $4.2M -$12.2M — -$10.6M -291.4% -117.7%

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

Executive summary

BNB PLUS CORP. is facing top-line stagnation, with revenue contracting over the decade.

BNB PLUS CORP. has historically struggled to out-earn its cost of capital, averaging just -20.0% ROIC.

BNB PLUS 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, BNB PLUS CORP. is modeled at -7.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $683.26 per share.

BNBX stock: frequently asked questions

What is the intrinsic value of Bnb Plus Corp. (BNBX) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -7.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BNBX's intrinsic value is about $683.26 per share.

Is BNBX stock undervalued?

At $0.10 (close on Oct 17, 2026), BNBX trades 100% below its Graham value of $683.26. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Bnb Plus Corp. grown?

Revenue went from $4.2M in fiscal 2016 to $2.1M in fiscal 2025, a compound annual growth rate of -7.2%. Net income was -$15.2M in fiscal 2025.

Does Bnb Plus Corp. generate free cash flow?

Bnb Plus Corp. generated -$12.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is BNBX's return on invested capital?

Average ROIC over the last 10 fiscal years was 1790.5%, and average return on equity was 1801.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BNBX data come from?

From Bnb Plus Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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