EverQuote, Inc. (EVER) intrinsic value & 10-year financials

EverQuote, Inc. (EVER) has a Graham intrinsic value of $87.36 per share. At $21.79 on Oct 17, 2026, the stock trades 75% below that value. Over the last 10 fiscal years revenue grew 23.7% a year to $692.5M, with an average return on invested capital of 1.7%.

Graham intrinsic value
$87.36
Share price (Oct 17, 2026)
$21.79
Price vs Graham value
75% below
Market cap
$822.6M
Revenue (FY2025)
$692.5M
Revenue growth (10-yr CAGR)
23.7%
ROIC (10-yr avg)
1.7%
Free cash flow (FY2025)
$90.3M

EVER 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $692.5M $99.3M $2.63 $90.3M 8.4% 112.4%
FY2024 $500.2M $32.2M $0.00 $62.5M 6.3% 76.2%
FY2023 $287.9M -$51.3M -$0.00 -$6.7M -18.1% -84.4%
FY2022 $404.1M -$24.4M -$0.00 -$20.1M -6.1% -35.9%
FY2021 $418.5M -$19.4M -$0.00 $4.3M -5.2% -42.2%
FY2020 $346.9M -$11.2M -$0.00 $6.8M -3.4% -32.3%
FY2019 $248.8M -$7.1M -$0.00 $1.4M -3.2% -17.0%
FY2018 $163.3M -$13.8M — -$5.6M -8.5% 28.8%
FY2017 $126.2M -$5.1M — -$2.9M -3.7% 9.7%
FY2016 — — — — — —

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

Executive summary

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

EverQuote, Inc. has historically struggled to out-earn its cost of capital, averaging just 4.0% ROIC.

EverQuote, 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, EverQuote, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $87.36 per share.

EVER stock: frequently asked questions

What is the intrinsic value of EverQuote, Inc. (EVER) 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, EVER's intrinsic value is about $87.36 per share.

Is EVER stock undervalued?

At $21.79 (close on Oct 17, 2026), EVER trades 75% below its Graham value of $87.36. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does EverQuote, Inc. generate free cash flow?

EverQuote, Inc. generated $90.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 9 reported years.

What is EVER's return on invested capital?

Average ROIC over the last 10 fiscal years was 1.7%, and average return on equity was 37.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EVER data come from?

From EverQuote, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar computer programming, data processing, etc. stocks