Employers Holdings, Inc. (EIG) intrinsic value & 10-year financials
Employers Holdings, Inc. (EIG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 1.1% a year to $858.7M, with an average return on invested capital of 10.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $51.21
- Market cap
- $1.2B
- Revenue (FY2025)
- $858.7M
- Revenue growth (10-yr CAGR)
- 1.1%
- ROIC (10-yr avg)
- 10.2%
- Free cash flow (FY2025)
- $44.6M
EIG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $858.7M | $10.8M | $0.46 | $44.6M | — | 1.2% |
| FY2024 | $880.7M | $118.6M | $4.71 | $76.3M | — | 11.9% |
| FY2023 | $850.9M | $118.1M | $4.45 | $47.2M | — | 12.1% |
| FY2022 | $713.5M | $48.4M | $1.75 | $99.7M | — | 4.5% |
| FY2021 | $703.1M | $119.3M | $4.17 | $10.5M | — | 9.8% |
| FY2020 | $711.4M | $119.8M | $3.97 | $33.2M | — | 10.1% |
| FY2019 | $835.9M | $157.1M | $4.83 | $122.4M | — | 14.4% |
| FY2018 | $800.4M | $141.3M | $4.24 | $179.9M | — | 14.4% |
| FY2017 | $801.4M | $101.2M | $3.06 | $141.9M | — | 11.3% |
| FY2016 | $779.8M | $106.7M | $3.24 | $122.1M | — | 12.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Employers Holdings, Inc. has demonstrated mature, steady growth, with revenue compounding at 1.1% annually over the past decade.
Employers Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.5% ROIC.
Over the decade, Employers Holdings, Inc. shows that management has aggressively returned capital to shareholders by retiring 28.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Employers Holdings, Inc. is modeled at -19.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.10 per share.