Crown HOLDINGS, Inc. (CCK) intrinsic value & 10-year financials

Crown HOLDINGS, Inc. (CCK) has a Graham intrinsic value of $120.54 per share. At $114.89 on Oct 20, 2026, the stock trades 5% below that value. Over the last 10 fiscal years revenue grew 4.5% a year to $12.4B, with an average return on invested capital of 11.9%.

Graham intrinsic value
$120.54
Share price (Oct 20, 2026)
$114.89
Price vs Graham value
5% below
Market cap
$13.3B
Revenue (FY2025)
$12.4B
Revenue growth (10-yr CAGR)
4.5%
ROIC (10-yr avg)
11.9%
Free cash flow (FY2025)
$1.1B

CCK 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $12.4B $738.0M $6.38 $1.1B 12.6% 13.7%
FY2024 $11.8B $424.0M $3.55 $789.0M 12.0% 11.7%
FY2023 $12.0B $450.0M $3.76 $660.0M 10.6% 9.9%
FY2022 $12.9B $727.0M $5.99 -$36.0M 10.3% 12.4%
FY2021 $11.4B -$560.0M -$4.30 $118.0M 12.0% 14.6%
FY2020 $11.6B $579.0M $4.30 $728.0M 10.9% 9.7%
FY2019 $11.7B $510.0M $3.78 $731.0M 10.3% 10.0%
FY2018 $11.2B $439.0M $3.28 $109.0M 9.8% 10.2%
FY2017 $8.7B $323.0M $2.38 $262.0M 12.4% 10.6%
FY2016 $8.3B $496.0M $3.56 $457.0M 12.3% 15.8%

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

Executive summary

CROWN HOLDINGS, INC. has demonstrated mature, steady growth, with revenue compounding at 4.6% annually over the past decade.

CROWN HOLDINGS, INC. returns on capital have been average, hovering around 11.9% ROIC over the decade.

Over the decade, CROWN HOLDINGS, INC. shows that management has aggressively returned capital to shareholders by retiring 16.9% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CROWN HOLDINGS, INC. is modeled at 6.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $120.54 per share.

CCK stock: frequently asked questions

What is the intrinsic value of Crown HOLDINGS, Inc. (CCK) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 6.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CCK's intrinsic value is about $120.54 per share.

Is CCK stock undervalued?

At $114.89 (close on Oct 20, 2026), CCK trades 5% below its Graham value of $120.54. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Crown HOLDINGS, Inc. grown?

Revenue went from $8.3B in fiscal 2016 to $12.4B in fiscal 2025, a compound annual growth rate of 4.5%. Net income was $738.0M in fiscal 2025.

Does Crown HOLDINGS, Inc. generate free cash flow?

Crown HOLDINGS, Inc. generated $1.1B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is CCK's return on invested capital?

Average ROIC over the last 10 fiscal years was 11.9%, and average return on equity was 40.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CCK data come from?

From Crown HOLDINGS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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