Centuri Holdings, Inc. (CTRI) intrinsic value & 10-year financials

Centuri Holdings, Inc. (CTRI) has a Graham intrinsic value of $2.45 per share. At $19.73 on Oct 17, 2026, the stock trades 705% above that value. Over the last 4 fiscal years revenue grew 1.4% a year to $3.0B, with an average return on invested capital of 2.2%.

Graham intrinsic value
$2.45
Share price (Oct 17, 2026)
$19.73
Price vs Graham value
705% above
Market cap
$1.8B
Revenue (FY2025)
$3.0B
Revenue growth (4-yr CAGR)
1.4%
ROIC (10-yr avg)
2.2%
Free cash flow (FY2025)
-$8.2M

CTRI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.0B $22.4M $0.25 -$8.2M 3.1% 5.9%
FY2024 $2.6B -$6.7M -$0.08 $58.9M 3.3% 5.9%
FY2023 $2.9B -$186.2M -$2.60 $60.8M -2.7% -5.3%
FY2022 — — — — — —

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

Executive summary

Centuri Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Centuri Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.2% ROIC.

Centuri Holdings, 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, Centuri Holdings, Inc. is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.45 per share.

CTRI stock: frequently asked questions

What is the intrinsic value of Centuri Holdings, Inc. (CTRI) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 1.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CTRI's intrinsic value is about $2.45 per share.

Is CTRI stock undervalued?

At $19.73 (close on Oct 17, 2026), CTRI trades 705% above its Graham value of $2.45. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Centuri Holdings, Inc. generate free cash flow?

Centuri Holdings, Inc. generated -$8.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 3 reported years.

What is CTRI's return on invested capital?

Average ROIC over the last 4 fiscal years was 2.2%, and average return on equity was -17.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CTRI data come from?

From Centuri Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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