Commercial Vehicle Group, Inc. (CVGI) intrinsic value & 10-year financials
Commercial Vehicle Group, Inc. (CVGI) has a Graham intrinsic value of $10.22 per share. At $2.88 on Oct 17, 2026, the stock trades 72% below that value. Over the last 10 fiscal years revenue shrank 0.2% a year to $649.0M, with an average return on invested capital of 9.4%.
- Graham intrinsic value
- $10.22
- Share price (Oct 17, 2026)
- $2.88
- Price vs Graham value
- 72% below
- Market cap
- $97.4M
- Revenue (FY2025)
- $649.0M
- Revenue growth (10-yr CAGR)
- -0.2%
- ROIC (10-yr avg)
- 9.4%
- Free cash flow (FY2025)
- $34.0M
CVGI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $649.0M | -$22.8M | — | $34.0M | -0.1% | -0.3% |
| FY2024 | $723.4M | -$27.9M | — | -$52.0M | -0.1% | -0.3% |
| FY2023 | $994.7M | $49.4M | $1.47 | $18.6M | 4.8% | 17.1% |
| FY2022 | $981.6M | -$22.0M | -$0.68 | $49.2M | 2.1% | 7.1% |
| FY2021 | $971.6M | $23.7M | $0.72 | -$47.5M | 5.1% | 14.1% |
| FY2020 | $717.7M | -$37.0M | -$1.20 | $27.2M | -3.2% | -7.9% |
| FY2019 | $901.2M | $15.8M | $0.51 | $12.7M | 4.5% | 12.3% |
| FY2018 | $897.7M | $44.5M | $1.46 | $26.8M | 7.4% | 28.0% |
| FY2017 | $755.2M | -$1.7M | -$0.06 | -$11.2M | 4.2% | 8.7% |
| FY2016 | $662.1M | $6.8M | $0.23 | $37.9M | 3.8% | 14.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Commercial Vehicle Group, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Commercial Vehicle Group, Inc. returns on capital have been average, hovering around 9.4% ROIC over the decade.
Commercial Vehicle Group, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Commercial Vehicle Group, Inc. is modeled at -0.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.22 per share.