Encore Capital Group Inc. (ECPG) intrinsic value & 10-year financials
Encore Capital Group Inc. (ECPG) has a Graham intrinsic value of $362.38 per share. At $101.68 on Oct 17, 2026, the stock trades 72% below that value. Over the last 10 fiscal years revenue grew 0.8% a year to $88.4M, with an average return on invested capital of 6.9%.
- Graham intrinsic value
- $362.38
- Share price (Oct 17, 2026)
- $101.68
- Price vs Graham value
- 72% below
- Market cap
- $2.4B
- Revenue (FY2025)
- $88.4M
- Revenue growth (10-yr CAGR)
- 0.8%
- ROIC (10-yr avg)
- 6.9%
- Free cash flow (FY2025)
- $126.9M
ECPG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $88.4M | $256.8M | $10.91 | $126.9M | 709.0% | 10.5% |
| FY2024 | $84.8M | -$139.2M | -$5.83 | $127.2M | 185.6% | 3.7% |
| FY2023 | $83.1M | -$206.5M | -$8.72 | $128.2M | 19.9% | 0.4% |
| FY2022 | $94.9M | $194.6M | $7.46 | $173.5M | 486.9% | 7.2% |
| FY2021 | $120.8M | $350.8M | $11.26 | $269.7M | 524.3% | 12.1% |
| FY2020 | $115.1M | $211.8M | $6.68 | $278.3M | 463.5% | 9.1% |
| FY2019 | $126.5M | $167.9M | $5.33 | $205.1M | 352.8% | 8.7% |
| FY2018 | $153.4M | $115.9M | $4.06 | $119.3M | 264.2% | 7.1% |
| FY2017 | $92.4M | $83.2M | $3.15 | $95.7M | 351.1% | 5.6% |
| FY2016 | $82.6M | $76.6M | $2.96 | $98.7M | 292.2% | 4.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ENCORE CAPITAL GROUP INC has demonstrated mature, steady growth, with revenue compounding at 0.7% annually over the past decade.
ENCORE CAPITAL GROUP INC has historically struggled to out-earn its cost of capital, averaging just 6.9% ROIC.
ENCORE CAPITAL GROUP 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, ENCORE CAPITAL GROUP INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $362.38 per share.