Egain Corp. (EGAN) intrinsic value & 10-year financials

Egain Corp. (EGAN) has a Graham intrinsic value of $37.53 per share. At $5.55 on Oct 17, 2026, the stock trades 85% below that value. Over the last 10 fiscal years revenue grew 2.7% a year to $88.4M, with an average return on invested capital of -22.8%.

Graham intrinsic value
$37.53
Share price (Oct 17, 2026)
$5.55
Price vs Graham value
85% below
Market cap
$159.0M
Revenue (FY2025)
$88.4M
Revenue growth (10-yr CAGR)
2.7%
ROIC (10-yr avg)
-22.8%
Free cash flow (FY2025)
$4.7M

EGAN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $88.4M $32.3M $1.13 $4.7M 5.0% 78.1%
FY2024 $92.8M $7.8M $0.25 $12.3M 6.4% -51.2%
FY2023 $98.0M $2.1M $0.06 $4.3M 1.4% -7.8%
FY2022 $92.0M -$2.4M -$0.08 $7.5M -2.3% 14.7%
FY2021 $78.3M $7.0M $0.21 $13.5M 9.4% -54.5%
FY2020 $72.7M $7.2M $0.23 $13.5M 10.2% -63.2%
FY2019 $67.2M $4.2M $0.14 $6.6M 8.2% 59.0%
FY2018 $61.3M -$2.0M -$0.07 $6.5M -1.6% 9.9%
FY2017 $58.2M -$6.0M -$0.22 $4.9M -6.4% -89.4%
FY2016 $69.4M -$6.2M -$0.23 $1.3M -8.5% -123.8%

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

Executive summary

EGAIN Corp has demonstrated mature, steady growth, with revenue compounding at 2.7% annually over the past decade.

EGAIN Corp has historically struggled to out-earn its cost of capital, averaging just -22.8% ROIC.

EGAIN Corp 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, EGAIN Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $37.53 per share.

EGAN stock: frequently asked questions

What is the intrinsic value of Egain Corp. (EGAN) 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, EGAN's intrinsic value is about $37.53 per share.

Is EGAN stock undervalued?

At $5.55 (close on Oct 17, 2026), EGAN trades 85% below its Graham value of $37.53. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Egain Corp. grown?

Revenue went from $69.4M in fiscal 2016 to $88.4M in fiscal 2025, a compound annual growth rate of 2.7%. Net income was $32.3M in fiscal 2025.

Does Egain Corp. generate free cash flow?

Egain Corp. generated $4.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is EGAN's return on invested capital?

Average ROIC over the last 10 fiscal years was -22.8%, and average return on equity was 40.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EGAN data come from?

From Egain Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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