Trump Media & Technology Group Corp. (DJT) intrinsic value & 10-year financials

Trump Media & Technology Group Corp. (DJT) has a Graham intrinsic value of $9.63 per share. At $6.99 on Oct 17, 2026, the stock trades 27% below that value. Over the last 6 fiscal years revenue grew 35.8% a year to $3.7M, with an average return on invested capital of 13.2%.

Graham intrinsic value
$9.63
Share price (Oct 17, 2026)
$6.99
Price vs Graham value
27% below
Market cap
$1.8B
Revenue (FY2025)
$3.7M
Revenue growth (6-yr CAGR)
35.8%
ROIC (10-yr avg)
13.2%
Free cash flow (FY2025)
$14.2M

DJT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.7M -$712.3M -$2.80 $14.2M -15560.8% -35.7%
FY2024 $3.6M -$400.9M -$2.36 -$66.0M -5140.9% -54.2%
FY2023 $4.1M -$21.9M -$0.34 -$5.1M -805.5% 51.9%
FY2022 $1.5M -$15.2M $0.29 -$1.5M -1258.0% 90.3%
FY2021 — -$1.4M — — — 13.9%
FY2020 — — — — — —

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

Executive summary

Trump Media & Technology Group Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Trump Media & Technology Group Corp. returns on capital have been average, hovering around 13.2% ROIC over the decade.

Trump Media & Technology Group Corp. 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, Trump Media & Technology Group Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.63 per share.

DJT stock: frequently asked questions

What is the intrinsic value of Trump Media & Technology Group Corp. (DJT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, DJT's intrinsic value is about $9.63 per share.

Is DJT stock undervalued?

At $6.99 (close on Oct 17, 2026), DJT trades 27% below its Graham value of $9.63. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Trump Media & Technology Group Corp. generate free cash flow?

Trump Media & Technology Group Corp. generated $14.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 4 reported years.

What is DJT's return on invested capital?

Average ROIC over the last 6 fiscal years was 13.2%, and average return on equity was -3.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DJT data come from?

From Trump Media & Technology Group Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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