Epr Properties (EPR) intrinsic value & 10-year financials
Epr Properties (EPR) has a Graham intrinsic value of $26.20 per share. At $55.71 on Oct 17, 2026, the stock trades 113% above that value. Over the last 10 fiscal years revenue grew 4.3% a year to $718.4M, with an average return on invested capital of 5.0%.
- Graham intrinsic value
- $26.20
- Share price (Oct 17, 2026)
- $55.71
- Price vs Graham value
- 113% above
- Market cap
- $4.3B
- Revenue (FY2025)
- $718.4M
- Revenue growth (10-yr CAGR)
- 4.3%
- ROIC (10-yr avg)
- 5.0%
- Free cash flow (FY2025)
- $269.2M
EPR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $718.4M | $274.9M | $3.28 | $269.2M | 57.7% | 7.9% |
| FY2024 | $698.1M | $146.1M | $1.60 | $129.2M | 45.2% | 6.0% |
| FY2023 | $705.7M | $173.0M | $1.97 | $177.7M | 43.4% | 5.8% |
| FY2022 | $658.0M | $176.2M | $2.03 | $39.2M | 47.3% | 6.0% |
| FY2021 | $531.7M | $98.6M | $1.00 | $250.4M | 52.4% | 5.3% |
| FY2020 | $414.7M | -$131.7M | -$2.05 | $26.6M | 12.6% | 1.0% |
| FY2019 | $652.0M | $202.2M | $2.32 | -$61.1M | — | 3.5% |
| FY2018 | $700.7M | $267.0M | $3.27 | $296.9M | — | 4.5% |
| FY2017 | $576.0M | $263.0M | $3.29 | -$6.6M | — | 5.0% |
| FY2016 | $493.2M | $225.0M | $3.17 | $87.0M | — | 4.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
EPR PROPERTIES has demonstrated mature, steady growth, with revenue compounding at 4.3% annually over the past decade.
EPR PROPERTIES has historically struggled to out-earn its cost of capital, averaging just 5.0% ROIC.
EPR PROPERTIES 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, EPR PROPERTIES is modeled at 0.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.20 per share.