Core Laboratories Inc. /DE/ (CLB) intrinsic value & 10-year financials

Core Laboratories Inc. /DE/ (CLB) has a Graham intrinsic value of $13.32 per share. At $10.00 on Oct 17, 2026, the stock trades 25% below that value. Over the last 6 fiscal years revenue grew 2.9% a year to $526.5M, with an average return on invested capital of 13.2%.

Graham intrinsic value
$13.32
Share price (Oct 17, 2026)
$10.00
Price vs Graham value
25% below
Market cap
$470.3M
Revenue (FY2025)
$526.5M
Revenue growth (6-yr CAGR)
2.9%
ROIC (10-yr avg)
13.2%
Free cash flow (FY2025)
$25.8M

CLB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $526.5M $29.7M $0.63 $25.8M 10.7% 10.4%
FY2024 $523.8M $31.4M $0.66 $43.4M 11.2% 11.1%
FY2023 $509.8M $36.7M $0.77 $14.2M 10.7% 15.3%
FY2022 $489.7M $19.5M $0.42 $14.7M 8.5% 8.0%
FY2021 $470.3M $19.7M $0.42 $23.0M 9.6% 21.2%
FY2020 — — — — — —

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

Executive summary

Core Laboratories Inc. /DE/ revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Core Laboratories Inc. /DE/ returns on capital have been average, hovering around 11.2% ROIC over the decade.

Core Laboratories Inc. /DE/ 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, Core Laboratories Inc. /DE/ is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $13.32 per share.

CLB stock: frequently asked questions

What is the intrinsic value of Core Laboratories Inc. /DE/ (CLB) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CLB's intrinsic value is about $13.32 per share.

Is CLB stock undervalued?

At $10.00 (close on Oct 17, 2026), CLB trades 25% below its Graham value of $13.32. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Core Laboratories Inc. /DE/ generate free cash flow?

Core Laboratories Inc. /DE/ generated $25.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 5 reported years.

What is CLB's return on invested capital?

Average ROIC over the last 6 fiscal years was 13.2%, and average return on equity was 14.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CLB data come from?

From Core Laboratories Inc. /DE/'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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