ENNIS, Inc. (EBF) intrinsic value & 10-year financials
ENNIS, Inc. (EBF) has a Graham intrinsic value of $55.14 per share. At $22.36 on Oct 17, 2026, the stock trades 59% below that value. Over the last 10 fiscal years revenue grew 1.1% a year to $392.4M, with an average return on invested capital of 14.8%.
- Graham intrinsic value
- $55.14
- Share price (Oct 17, 2026)
- $22.36
- Price vs Graham value
- 59% below
- Market cap
- $574.5M
- Revenue (FY2026)
- $392.4M
- Revenue growth (10-yr CAGR)
- 1.1%
- ROIC (10-yr avg)
- 14.8%
- Free cash flow (FY2026)
- $41.0M
EBF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $392.4M | $42.6M | $1.66 | $41.0M | 13.4% | 14.8% |
| FY2025 | $394.6M | $40.2M | $1.54 | $60.0M | 13.2% | 14.7% |
| FY2024 | $420.1M | $42.6M | $1.64 | $62.6M | 13.4% | 15.7% |
| FY2023 | $431.8M | $47.3M | $1.82 | $42.4M | 15.3% | 20.3% |
| FY2022 | $400.0M | $29.0M | $1.11 | $44.1M | 10.9% | 12.9% |
| FY2021 | $358.0M | $24.1M | $0.93 | $49.1M | 10.0% | 10.8% |
| FY2020 | $438.4M | $38.3M | $1.47 | $53.8M | 11.6% | 16.1% |
| FY2019 | $400.8M | $37.4M | $1.45 | $46.5M | 12.5% | 17.6% |
| FY2018 | $370.2M | $32.9M | — | $42.6M | 12.8% | 16.9% |
| FY2017 | $356.9M | $1.8M | $0.07 | $55.8M | 11.4% | 8.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ENNIS, INC. has demonstrated mature, steady growth, with revenue compounding at 1.1% annually over the past decade.
ENNIS, INC. returns on capital have been average, hovering around 14.8% ROIC over the decade.
ENNIS, 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, ENNIS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $55.14 per share.