EverCommerce Inc. (EVCM) intrinsic value & 10-year financials

EverCommerce Inc. (EVCM) has a Graham intrinsic value of $3.32 per share. At $9.41 on Oct 17, 2026, the stock trades 183% above that value. Over the last 8 fiscal years revenue grew 16.0% a year to $588.9M, with an average return on invested capital of 3.0%.

Graham intrinsic value
$3.32
Share price (Oct 17, 2026)
$9.41
Price vs Graham value
183% above
Market cap
$1.7B
Revenue (FY2025)
$588.9M
Revenue growth (8-yr CAGR)
16.0%
ROIC (10-yr avg)
3.0%
Free cash flow (FY2025)
$109.2M

EVCM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $588.9M $17.6M $0.10 $109.2M 10.1% 4.5%
FY2024 $698.8M -$41.1M -$0.22 $111.7M 0.0% 0.0%
FY2023 $675.4M -$45.6M -$0.24 $101.6M 0.4% 0.2%
FY2022 $620.7M -$59.8M -$0.31 $62.2M -4.9% -2.0%
FY2021 $490.1M -$82.0M -$0.82 $34.4M -5.5% -2.9%
FY2020 $337.5M -$60.0M -$3.06 $53.0M -6.5% -9.7%
FY2019 $242.1M -$93.7M -$14.13 -$8.3M -22.4% 31.2%
FY2018 — — — — — —

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

Executive summary

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

EverCommerce Inc. has historically struggled to out-earn its cost of capital, averaging just -1.7% ROIC.

EverCommerce Inc. 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, EverCommerce Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.32 per share.

EVCM stock: frequently asked questions

What is the intrinsic value of EverCommerce Inc. (EVCM) 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, EVCM's intrinsic value is about $3.32 per share.

Is EVCM stock undervalued?

At $9.41 (close on Oct 17, 2026), EVCM trades 183% above its Graham value of $3.32. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does EverCommerce Inc. generate free cash flow?

EverCommerce Inc. generated $109.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is EVCM's return on invested capital?

Average ROIC over the last 8 fiscal years was 3.0%, and average return on equity was 5.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EVCM data come from?

From EverCommerce Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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