Armlogi Holding Corp. (BTOC) intrinsic value & 10-year financials

Armlogi Holding Corp. (BTOC) has a Graham intrinsic value of $6.31 per share. At $2.83 on Oct 17, 2026, the stock trades 55% below that value. Over the last 4 fiscal years revenue grew 18.7% a year to $190.4M, with an average return on invested capital of 5.3%.

Graham intrinsic value
$6.31
Share price (Oct 17, 2026)
$2.83
Price vs Graham value
55% below
Market cap
$118.3M
Revenue (FY2025)
$190.4M
Revenue growth (4-yr CAGR)
18.7%
ROIC (10-yr avg)
5.3%
Free cash flow (FY2025)
-$1.4M

BTOC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $190.4M -$15.3M -$0.37 -$1.4M -9.3% -13.4%
FY2024 $167.0M $7.4M $0.19 -$2.2M 4.9% 6.4%
FY2023 $135.0M $13.9M $0.35 $10.0M 13.3% 22.8%
FY2022 — — — — — —

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

Executive summary

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

Armlogi Holding Corp. has historically struggled to out-earn its cost of capital, averaging just 5.3% ROIC.

Armlogi Holding 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, Armlogi Holding Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.31 per share.

BTOC stock: frequently asked questions

What is the intrinsic value of Armlogi Holding Corp. (BTOC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BTOC's intrinsic value is about $6.31 per share.

Is BTOC stock undervalued?

At $2.83 (close on Oct 17, 2026), BTOC trades 55% below its Graham value of $6.31. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Armlogi Holding Corp. generate free cash flow?

Armlogi Holding Corp. generated -$1.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 3 reported years.

What is BTOC's return on invested capital?

Average ROIC over the last 4 fiscal years was 5.3%, and average return on equity was 17.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BTOC data come from?

From Armlogi Holding Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.