Cognyte Software Ltd. (CGNT) intrinsic value & 10-year financials

Cognyte Software Ltd. (CGNT) has a Graham intrinsic value of $1.18 per share. Over the last 9 fiscal years revenue shrank 1.1% a year to $400.0M, with an average return on invested capital of -4.8%.

Graham intrinsic value
$1.18
Revenue (FY2026)
$400.0M
Revenue growth (9-yr CAGR)
-1.1%
ROIC (10-yr avg)
-4.8%
Free cash flow (FY2026)
$29.9M

CGNT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $400.0M -$638.0K -$0.01 $29.9M 3.3% 5.4%
FY2025 $350.6M -$12.1M -$0.17 $36.2M -1.5% -3.8%
FY2024 $313.4M -$15.6M -$0.22 $27.5M -5.8% -10.2%
FY2023 $312.1M -$114.1M -$1.68 -$45.3M -33.1% -49.2%
FY2022 $474.0M -$14.9M -$0.22 -$9.1M 2.3% 2.4%
FY2021 $443.5M $14.2M $0.22 $57.1M 4.1% 5.9%
FY2020 $457.1M $20.2M $0.31 $53.5M 6.0% 9.0%
FY2019 $433.5M $8.7M $0.13 $43.8M 4.3% 2.2%
FY2018 — — — — — —

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

Executive summary

Cognyte Software Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Cognyte Software Ltd. has historically struggled to out-earn its cost of capital, averaging just -5.8% ROIC.

Cognyte Software Ltd. 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, Cognyte Software Ltd. is modeled at -1.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.18 per share.

CGNT stock: frequently asked questions

What is the intrinsic value of Cognyte Software Ltd. (CGNT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CGNT's intrinsic value is about $1.18 per share.

Does Cognyte Software Ltd. generate free cash flow?

Cognyte Software Ltd. generated $29.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 6 of the last 8 reported years.

What is CGNT's return on invested capital?

Average ROIC over the last 9 fiscal years was -4.8%, and average return on equity was -7.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CGNT data come from?

From Cognyte Software Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 25, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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