Cambium Networks Corp. (CMBMF) intrinsic value & 10-year financials

Cambium Networks Corp. (CMBMF) has a Graham intrinsic value of $0.62 per share. Over the last 10 fiscal years revenue shrank 3.8% a year to $159.6M, with an average return on invested capital of -20.6%.

Graham intrinsic value
$0.62
Share price (Oct 17, 2026)
$0.00
Market cap
$14.4K
Revenue (FY2025)
$159.6M
Revenue growth (10-yr CAGR)
-3.8%
ROIC (10-yr avg)
-20.6%
Free cash flow (FY2025)
-$16.1M

CMBMF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $159.6M -$38.5M -$1.34 -$16.1M -17.5% -84.0%
FY2024 $177.3M -$74.5M -$2.65 -$21.4M -39.7% -103.8%
FY2023 $220.2M -$77.4M -$2.81 -$21.5M -27.6% -55.1%
FY2022 $296.9M $20.2M $0.72 -$7.6M 6.7% 18.6%
FY2021 $335.9M $37.4M $1.31 $23.7M 10.8% 50.3%
FY2020 $278.5M $18.6M $0.70 $53.5M 8.6% 32.4%
FY2019 $267.0M -$17.6M -$0.89 $551.0K 0.5% 1.6%
FY2018 $241.8M -$1.5M -$0.11 -$16.0M 2.6% 5.3%
FY2017 $216.7M $9.1M — $19.7M 6.9% -50.5%
FY2016 — — — — — —

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

Executive summary

Cambium Networks Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Cambium Networks Corp has historically struggled to out-earn its cost of capital, averaging just -20.6% ROIC.

Cambium Networks Corp 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, Cambium Networks Corp is modeled at -3.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.62 per share.

CMBMF stock: frequently asked questions

What is the intrinsic value of Cambium Networks Corp. (CMBMF) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -3.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CMBMF's intrinsic value is about $0.62 per share.

Does Cambium Networks Corp. generate free cash flow?

Cambium Networks Corp. generated -$16.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 9 reported years.

What is CMBMF's return on invested capital?

Average ROIC over the last 10 fiscal years was -20.6%, and average return on equity was -19.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CMBMF data come from?

From Cambium Networks Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 20, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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