Caleres Inc. (CAL) intrinsic value & 10-year financials
Caleres Inc. (CAL) has a Graham intrinsic value of $102.64 per share. At $12.98 on Oct 17, 2026, the stock trades 87% below that value. Over the last 10 fiscal years revenue grew 46.0% a year to $2.8B, with an average return on invested capital of 7.2%.
- Graham intrinsic value
- $102.64
- Share price (Oct 17, 2026)
- $12.98
- Price vs Graham value
- 87% below
- Market cap
- $422.1M
- Revenue (FY2026)
- $2.8B
- Revenue growth (10-yr CAGR)
- 46.0%
- ROIC (10-yr avg)
- 7.2%
- Free cash flow (FY2026)
- $39.4M
CAL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.8B | -$6.7M | -$0.21 | $39.4M | 0.2% | 0.5% |
| FY2025 | $2.7B | $107.3M | $3.09 | $55.4M | 5.5% | 11.6% |
| FY2024 | $2.8B | $171.4M | $4.80 | $155.6M | 6.9% | 20.2% |
| FY2023 | $3.0B | $181.7M | $4.92 | $70.0M | 7.2% | 23.0% |
| FY2022 | $2.8B | $137.0M | $3.56 | $150.0M | 7.4% | 19.1% |
| FY2021 | $2.1B | -$439.1M | -$11.80 | $109.6M | -22.9% | -36.5% |
| FY2020 | $2.9B | $62.8M | $0.00 | $126.3M | 3.6% | 7.4% |
| FY2019 | $2.8B | -$5.4M | -$0.00 | $67.1M | 0.0% | 0.0% |
| FY2018 | $2.8B | $87.2M | $0.00 | $146.7M | 5.0% | 15.0% |
| FY2017 | $91.4M | $65.7M | $0.00 | $133.1M | 121.4% | 12.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CALERES INC is a consistent compounder, expanding top-line revenue at 46.0% annually over the past decade.
CALERES INC has historically struggled to out-earn its cost of capital, averaging just 7.2% ROIC.
Over the decade, CALERES INC shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CALERES INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $102.64 per share.