Diebold NIXDORF, Inc. (DBD) intrinsic value & 10-year financials

Diebold NIXDORF, Inc. (DBD) has a Graham intrinsic value of $25.38 per share. At $66.83 on Oct 17, 2026, the stock trades 163% above that value. Over the last 10 fiscal years revenue grew 1.5% a year to $3.8B, with an average return on invested capital of -2.7%.

Graham intrinsic value
$25.38
Share price (Oct 17, 2026)
$66.83
Price vs Graham value
163% above
Market cap
$2.5B
Revenue (FY2025)
$3.8B
Revenue growth (10-yr CAGR)
1.5%
ROIC (10-yr avg)
-2.7%
Free cash flow (FY2025)
—

DBD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.8B $94.6M $2.54 — 6.4% 11.7%
FY2024 $3.8B -$16.5M -$0.44 — 4.9% 5.4%
FY2023 — — — — — —
FY2022 $3.5B -$581.4M -$7.36 — -6.1% -22.2%
FY2021 $3.9B -$78.8M -$1.01 — 3.5% 12.5%
FY2020 $3.9B -$269.1M -$3.47 — 0.6% 1.9%
FY2019 $4.4B -$341.3M — $122.5M -0.6% -1.9%
FY2018 $4.6B -$568.7M -$7.48 -$134.0M -7.9% -22.2%
FY2017 $4.6B -$233.1M -$3.09 -$4.0M -1.8% -5.0%
FY2016 $3.3B -$33.0M -$0.48 $200.0K -4.8% -4.9%

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

Executive summary

DIEBOLD NIXDORF, Inc has demonstrated mature, steady growth, with revenue compounding at 1.5% annually over the past decade.

DIEBOLD NIXDORF, Inc has historically struggled to out-earn its cost of capital, averaging just -2.7% ROIC.

Over the decade, DIEBOLD NIXDORF, Inc shows that management has aggressively returned capital to shareholders by retiring 46.2% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, DIEBOLD NIXDORF, Inc is modeled at 1.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $25.38 per share.

DBD stock: frequently asked questions

What is the intrinsic value of Diebold NIXDORF, Inc. (DBD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 1.5% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, DBD's intrinsic value is about $25.38 per share.

Is DBD stock undervalued?

At $66.83 (close on Oct 17, 2026), DBD trades 163% above its Graham value of $25.38. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Diebold NIXDORF, Inc. grown?

Revenue went from $3.3B in fiscal 2016 to $3.8B in fiscal 2025, a compound annual growth rate of 1.5%. Net income was $94.6M in fiscal 2025.

What is DBD's return on invested capital?

Average ROIC over the last 10 fiscal years was -2.7%, and average return on equity was -27.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DBD data come from?

From Diebold NIXDORF, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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