Entergy Corp. /DE/ (ETR) intrinsic value & 10-year financials
Entergy Corp. /DE/ (ETR) has a Graham intrinsic value of $129.87 per share. At $103.80 on Oct 20, 2026, the stock trades 20% below that value. Over the last 10 fiscal years revenue grew 2.0% a year to $12.9B, with an average return on invested capital of 4.0%.
- Graham intrinsic value
- $129.87
- Share price (Oct 20, 2026)
- $103.80
- Price vs Graham value
- 20% below
- Market cap
- $46.7B
- Revenue (FY2025)
- $12.9B
- Revenue growth (10-yr CAGR)
- 2.0%
- ROIC (10-yr avg)
- 4.0%
- Free cash flow (FY2025)
- -$2.5B
ETR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $12.9B | $1.8B | $3.91 | -$2.5B | 24.7% | 5.7% |
| FY2024 | $11.9B | $1.1B | $2.45 | -$349.8M | 22.3% | 4.7% |
| FY2023 | $12.1B | $2.4B | $5.55 | -$146.3M | 21.6% | 6.7% |
| FY2022 | $13.8B | $1.1B | $2.69 | -$2.5B | 14.9% | 5.4% |
| FY2021 | $11.7B | $1.1B | $2.77 | $2.1B | 15.7% | 4.6% |
| FY2020 | $10.1B | $1.4B | $3.45 | $2.4B | 17.5% | 5.9% |
| FY2019 | $10.9B | $1.2B | $3.15 | $2.5B | 12.8% | 5.3% |
| FY2018 | $11.0B | $848.7M | $2.31 | $2.4B | 4.3% | 1.0% |
| FY2017 | $11.1B | $411.6M | $1.14 | $2.6B | 11.4% | 2.9% |
| FY2016 | $10.8B | -$583.6M | -$1.63 | $2.0B | -8.2% | -2.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Entergy has demonstrated mature, steady growth, with revenue compounding at 2.0% annually over the past decade.
Entergy has historically struggled to out-earn its cost of capital, averaging just 4.0% ROIC.
Over the decade, Entergy shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Entergy is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $129.87 per share.