Edison International (EIX) intrinsic value & 10-year financials

Edison International (EIX) has a Graham intrinsic value of $335.81 per share. At $55.93 on Oct 17, 2026, the stock trades 83% below that value. Over the last 10 fiscal years revenue grew 5.6% a year to $19.3B, with an average return on invested capital of 4.8%.

Graham intrinsic value
$335.81
Share price (Oct 17, 2026)
$55.93
Price vs Graham value
83% below
Market cap
$21.6B
Revenue (FY2025)
$19.3B
Revenue growth (10-yr CAGR)
5.6%
ROIC (10-yr avg)
4.8%
Free cash flow (FY2025)
-$715.0M

EIX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $19.3B $4.5B $11.55 -$715.0M 36.7% 10.1%
FY2024 $17.6B $1.3B $3.31 -$693.0M 16.6% 5.7%
FY2023 $16.3B $1.2B $3.11 -$2.0B 16.1% 5.1%
FY2022 $17.2B $824.0M $1.60 -$2.6B 8.6% 3.4%
FY2021 $14.9B $925.0M $2.00 -$5.5B 9.9% 3.8%
FY2020 $13.6B $739.0M $1.98 -$4.2B 9.0% 3.5%
FY2019 $12.3B $1.3B $3.77 -$5.2B 14.4% 5.8%
FY2018 $12.7B -$423.0M -$1.30 -$1.3B -4.4% -1.1%
FY2017 $12.3B $565.0M $1.72 -$241.0M 12.1% 4.0%
FY2016 $11.9B $1.4B $3.97 -$478.0M 17.6% 7.4%

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

Executive summary

Edison International has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.

Edison International has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.

Over the decade, Edison International shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Edison International is modeled at 12.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $335.81 per share.

EIX stock: frequently asked questions

What is the intrinsic value of Edison International (EIX) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, EIX's intrinsic value is about $335.81 per share.

Is EIX stock undervalued?

At $55.93 (close on Oct 17, 2026), EIX trades 83% below its Graham value of $335.81. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Edison International grown?

Revenue went from $11.9B in fiscal 2016 to $19.3B in fiscal 2025, a compound annual growth rate of 5.6%. Net income was $4.5B in fiscal 2025.

Does Edison International generate free cash flow?

Edison International generated -$715.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is EIX's return on invested capital?

Average ROIC over the last 10 fiscal years was 4.8%, and average return on equity was 7.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EIX data come from?

From Edison International's annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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