AVIS BUDGET GROUP, INC. (CAR) intrinsic value & 10-year financials
AVIS BUDGET GROUP, INC. (CAR) has a Graham intrinsic value of $551.83 per share. At $102.83 on Oct 17, 2026, the stock trades 81% below that value. Over the last 10 fiscal years revenue grew 3.4% a year to $11.7B, with an average return on invested capital of 8.3%.
- Graham intrinsic value
- $551.83
- Share price (Oct 17, 2026)
- $102.83
- Price vs Graham value
- 81% below
- Market cap
- $3.6B
- Revenue (FY2025)
- $11.7B
- Revenue growth (10-yr CAGR)
- 3.4%
- ROIC (10-yr avg)
- 8.3%
- Free cash flow (FY2025)
- —
CAR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $11.7B | -$889.0M | -$25.25 | — | — | -35.9% |
| FY2024 | $11.8B | -$1.8B | -$51.23 | — | — | -56.5% |
| FY2023 | $12.0B | $1.6B | $42.08 | — | — | 44.6% |
| FY2022 | $12.0B | $2.8B | $57.16 | — | — | 83.1% |
| FY2021 | $9.3B | $1.3B | $19.44 | — | — | 38.8% |
| FY2020 | $5.4B | -$684.0M | -$9.71 | — | — | -20.1% |
| FY2019 | $9.2B | $302.0M | $3.98 | — | — | 8.8% |
| FY2018 | $9.1B | $165.0M | $2.06 | — | — | 4.7% |
| FY2017 | $8.8B | $361.0M | $4.25 | — | — | 10.4% |
| FY2016 | $8.7B | $163.0M | $1.75 | — | — | 4.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AVIS BUDGET GROUP, INC. has demonstrated mature, steady growth, with revenue compounding at 3.4% annually over the past decade.
AVIS BUDGET GROUP, INC. returns on capital have been average, hovering around 8.3% ROIC over the decade.
Over the decade, AVIS BUDGET GROUP, INC. shows that management has aggressively returned capital to shareholders by retiring 62.3% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AVIS BUDGET GROUP, INC. is modeled at 3.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $551.83 per share.