Credo Technology Group Holding Ltd. (CRDO) intrinsic value & 10-year financials

Credo Technology Group Holding Ltd. (CRDO) has a Graham intrinsic value of $9.63 per share. At $169.70 on Oct 17, 2026, the stock trades 1662% above that value. Over the last 7 fiscal years revenue grew 52.0% a year to $436.8M, with an average return on invested capital of 8.8%.

Graham intrinsic value
$9.63
Share price (Oct 17, 2026)
$169.70
Price vs Graham value
1662% above
Market cap
$30.7B
Revenue (FY2025)
$436.8M
Revenue growth (7-yr CAGR)
52.0%
ROIC (10-yr avg)
8.8%
Free cash flow (FY2025)
$29.0M

CRDO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $436.8M $52.2M $0.29 $29.0M 8.5% 7.5%
FY2024 $193.0M -$28.4M -$0.18 $17.1M -19.2% -10.1%
FY2023 $184.2M -$16.5M -$0.11 -$46.3M -11.5% -11.5%
FY2022 $106.5M -$22.2M -$0.25 -$48.4M -20.6% 63.1%
FY2021 $58.7M -$27.5M -$0.40 -$48.4M -43.0% 15.9%
FY2020 $53.8M $1.3M $0.00 -$19.1M 3.8% -11.8%
FY2019 — — — — — —

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

Executive summary

Credo Technology Group Holding Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Credo Technology Group Holding Ltd returns on capital have been average, hovering around 8.8% ROIC over the decade.

Credo Technology Group Holding 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, Credo Technology Group Holding Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.63 per share.

CRDO stock: frequently asked questions

What is the intrinsic value of Credo Technology Group Holding Ltd. (CRDO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CRDO's intrinsic value is about $9.63 per share.

Is CRDO stock undervalued?

At $169.70 (close on Oct 17, 2026), CRDO trades 1662% above its Graham value of $9.63. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Credo Technology Group Holding Ltd. generate free cash flow?

Credo Technology Group Holding Ltd. generated $29.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 6 reported years.

What is CRDO's return on invested capital?

Average ROIC over the last 7 fiscal years was 8.8%, and average return on equity was 9.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRDO data come from?

From Credo Technology Group Holding Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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