CHEGG, Inc. (CHGG) intrinsic value & 10-year financials
CHEGG, Inc. (CHGG) has a Graham intrinsic value of $20.19 per share. At $0.73 on Oct 17, 2026, the stock trades 96% below that value. Over the last 10 fiscal years revenue grew 4.5% a year to $376.9M, with an average return on invested capital of -28.2%.
- Graham intrinsic value
- $20.19
- Share price (Oct 17, 2026)
- $0.73
- Price vs Graham value
- 96% below
- Market cap
- $78.7M
- Revenue (FY2025)
- $376.9M
- Revenue growth (10-yr CAGR)
- 4.5%
- ROIC (10-yr avg)
- -28.2%
- Free cash flow (FY2025)
- -$12.6M
CHGG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $376.9M | -$103.4M | -$0.96 | -$12.6M | -31.0% | -152.1% |
| FY2024 | $617.6M | -$837.1M | -$8.10 | $50.3M | -119.4% | -168.1% |
| FY2023 | $716.3M | $18.2M | -$0.34 | $163.1M | -9.5% | -4.6% |
| FY2022 | $766.9M | $266.6M | $1.34 | $152.6M | 1.2% | 1.9% |
| FY2021 | $776.3M | -$1.5M | -$0.01 | $179.0M | 10.1% | 18.9% |
| FY2020 | $644.3M | -$6.2M | -$0.05 | $155.1M | 8.8% | 41.3% |
| FY2019 | $410.9M | -$9.6M | -$0.08 | $71.1M | 4.3% | 22.0% |
| FY2018 | $321.1M | -$14.9M | — | $43.9M | -1.9% | -17.3% |
| FY2017 | $255.1M | -$20.3M | — | $25.0M | -7.4% | -6.2% |
| FY2016 | $254.1M | -$42.2M | — | $249.0K | -15.8% | -18.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CHEGG, INC has demonstrated mature, steady growth, with revenue compounding at 4.5% annually over the past decade.
CHEGG, INC has historically struggled to out-earn its cost of capital, averaging just 7.4% ROIC.
CHEGG, INC 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, CHEGG, INC is modeled at 4.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.19 per share.