Currenc Group Inc. (CURR) intrinsic value & 10-year financials

Currenc Group Inc. (CURR) has a Graham intrinsic value of $15.21 per share. At $2.64 on Oct 17, 2026, the stock trades 83% below that value. Over the last 4 fiscal years revenue shrank 12.8% a year to $46.4M, with an average return on invested capital of 17.7%.

Graham intrinsic value
$15.21
Share price (Oct 17, 2026)
$2.64
Price vs Graham value
83% below
Market cap
$100.8M
Revenue (FY2024)
$46.4M
Revenue growth (4-yr CAGR)
-12.8%
ROIC (10-yr avg)
17.7%
Free cash flow (FY2024)
$2.9M

CURR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $46.4M -$39.5M -$1.03 $2.9M -59.0% 32.2%
FY2023 $53.3M $3.1M -$0.45 -$844.8K -3.8% 3.7%
FY2022 — -$1.1M — — — 17.2%
FY2021 — — — — — —

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

Executive summary

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

Currenc Group Inc. has earned high returns on invested capital, averaging 17.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Currenc Group 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, Currenc Group Inc. is modeled at -12.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $15.21 per share.

CURR stock: frequently asked questions

What is the intrinsic value of Currenc Group Inc. (CURR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -12.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CURR's intrinsic value is about $15.21 per share.

Is CURR stock undervalued?

At $2.64 (close on Oct 17, 2026), CURR trades 83% below its Graham value of $15.21. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Currenc Group Inc. generate free cash flow?

Currenc Group Inc. generated $2.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 1 of the last 2 reported years.

What is CURR's return on invested capital?

Average ROIC over the last 4 fiscal years was 17.7%, and average return on equity was 29.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CURR data come from?

From Currenc Group Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar business services stocks