Dynatrace, Inc. (DT) intrinsic value & 10-year financials

Dynatrace, Inc. (DT) has a Graham intrinsic value of $17.94 per share. At $61.11 on Oct 17, 2026, the stock trades 241% above that value. Over the last 10 fiscal years revenue grew 22.5% a year to $2.0B, with an average return on invested capital of 2.9%.

Graham intrinsic value
$17.94
Share price (Oct 17, 2026)
$61.11
Price vs Graham value
241% above
Market cap
$18.6B
Revenue (FY2026)
$2.0B
Revenue growth (10-yr CAGR)
22.5%
ROIC (10-yr avg)
2.9%
Free cash flow (FY2026)
$529.7M

DT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $2.0B $162.7M $0.54 $529.7M 12.2% 8.0%
FY2025 $1.7B $483.7M $1.59 $433.3M 10.6% 12.1%
FY2024 $1.4B $154.6M $0.52 $351.6M 9.0% 10.7%
FY2023 $1.2B $108.0M $0.37 $333.3M 8.0% 8.2%
FY2022 $929.4M $52.5M $0.18 $233.2M 8.7% 5.0%
FY2021 $703.5M $75.7M $0.26 $206.4M 13.1% 7.2%
FY2020 $545.8M -$418.0M -$1.56 -$162.2M -31.5% -18.7%
FY2019 $431.0M -$116.2M — $139.8M -16.9% -10.4%
FY2018 $398.0M $9.2M — $107.2M -5.5% 4.1%
FY2017 — — — — — —

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

Executive summary

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

Dynatrace, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.8% ROIC.

Dynatrace, 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, Dynatrace, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.94 per share.

DT stock: frequently asked questions

What is the intrinsic value of Dynatrace, Inc. (DT) 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, DT's intrinsic value is about $17.94 per share.

Is DT stock undervalued?

At $61.11 (close on Oct 17, 2026), DT trades 241% above its Graham value of $17.94. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Dynatrace, Inc. generate free cash flow?

Dynatrace, Inc. generated $529.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 8 of the last 9 reported years.

What is DT's return on invested capital?

Average ROIC over the last 10 fiscal years was 2.9%, and average return on equity was -6.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DT data come from?

From Dynatrace, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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