Designer Brands Inc. (DBI) intrinsic value & 10-year financials
Designer Brands Inc. (DBI) has a Graham intrinsic value of $3.92 per share. At $6.19 on Oct 17, 2026, the stock trades 58% above that value. Over the last 10 fiscal years revenue grew 0.7% a year to $2.9B, with an average return on invested capital of -94.8%.
- Graham intrinsic value
- $3.92
- Share price (Oct 17, 2026)
- $6.19
- Price vs Graham value
- 58% above
- Market cap
- $304.2M
- Revenue (FY2026)
- $2.9B
- Revenue growth (10-yr CAGR)
- 0.7%
- ROIC (10-yr avg)
- -94.8%
- Free cash flow (FY2026)
- $78.3M
DBI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.9B | -$8.4M | -$0.17 | $78.3M | 1.7% | 3.6% |
| FY2025 | $3.0B | -$10.5M | -$0.20 | $31.3M | 1.2% | 2.4% |
| FY2024 | $3.1B | $29.1M | $0.46 | $107.4M | 2.4% | 3.9% |
| FY2023 | $3.3B | $162.7M | $2.26 | $146.5M | 5.7% | 15.3% |
| FY2022 | $3.2B | $154.5M | $2.00 | $138.4M | 6.4% | 17.4% |
| FY2021 | $2.2B | -$488.7M | -$6.77 | -$184.9M | -26.2% | -49.6% |
| FY2020 | $3.5B | $94.5M | $1.27 | $118.9M | 3.6% | 20.0% |
| FY2019 | $3.2B | -$20.5M | -$0.26 | $110.0M | 1.9% | -46.1% |
| FY2018 | $2.8B | $67.3M | $0.83 | $134.7M | 4.4% | -35.6% |
| FY2017 | $2.7B | $124.5M | $1.52 | $125.3M | 7.4% | -879.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Designer Brands Inc. has demonstrated mature, steady growth, with revenue compounding at 0.7% annually over the past decade.
Designer Brands Inc. has historically struggled to out-earn its cost of capital, averaging just -7.8% ROIC.
Over the decade, Designer Brands Inc. shows that management has aggressively returned capital to shareholders by retiring 40.2% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Designer Brands Inc. is modeled at 0.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.92 per share.