eToro Group Ltd. (ETOR) intrinsic value & 10-year financials

eToro Group Ltd. (ETOR) has a Graham intrinsic value of $75.40 per share. At $23.43 on Oct 27, 2026, the stock trades 69% below that value. Over the last 4 fiscal years revenue grew 88.7% a year to $13.8B, with an average return on invested capital of 16.3%.

Graham intrinsic value
$75.40
Share price (Oct 27, 2026)
$23.43
Price vs Graham value
69% below
Market cap
$2.0B
Revenue (FY2025)
$13.8B
Revenue growth (4-yr CAGR)
88.7%
ROIC (10-yr avg)
16.3%
Free cash flow (FY2025)
$313.4M

ETOR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $13.8B $215.7M $2.27 $313.4M — 19.4%
FY2024 $12.6B $192.4M $2.26 $266.2M — 26.9%
FY2023 $3.9B $15.3M $0.18 $111.4M — 2.7%
FY2022 — — — — — —

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

Executive summary

eToro Group Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

eToro Group Ltd. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

eToro Group Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, eToro Group Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $75.40 per share.

ETOR stock: frequently asked questions

What is the intrinsic value of eToro Group Ltd. (ETOR) 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, ETOR's intrinsic value is about $75.40 per share.

Is ETOR stock undervalued?

At $23.43 (close on Oct 27, 2026), ETOR trades 69% below its Graham value of $75.40. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does eToro Group Ltd. generate free cash flow?

eToro Group Ltd. generated $313.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 3 reported years.

What is ETOR's return on invested capital?

Average ROIC over the last 4 fiscal years was 16.3%, and average return on equity was 16.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ETOR data come from?

From eToro Group Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 2, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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