Fortune Brands Innovations, Inc. (FBIN) intrinsic value & 10-year financials

Fortune Brands Innovations, Inc. (FBIN) has a Graham intrinsic value of $15.34 per share. At $40.04 on Oct 17, 2026, the stock trades 161% above that value. Over the last 10 fiscal years revenue shrank 1.2% a year to $4.5B, with an average return on invested capital of 12.3%.

Graham intrinsic value
$15.34
Share price (Oct 17, 2026)
$40.04
Price vs Graham value
161% above
Market cap
$4.9B
Revenue (FY2025)
$4.5B
Revenue growth (10-yr CAGR)
-1.2%
ROIC (10-yr avg)
12.3%
Free cash flow (FY2025)
$366.8M

FBIN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.5B $298.8M $2.47 $366.8M 11.6% 7.8%
FY2024 $4.6B $471.9M $3.75 $474.5M 16.0% 12.0%
FY2023 $4.6B $404.5M $3.17 $799.3M 13.3% 10.7%
FY2022 $4.7B $686.7M $5.23 $320.2M 16.4% 13.5%
FY2021 $7.7B $772.4M $5.54 $474.5M 14.2% 15.9%
FY2020 $6.1B $553.1M $3.94 $675.2M 13.2% 13.0%
FY2019 $5.8B $431.9M $3.06 $505.4M 12.1% 12.2%
FY2018 $5.5B $389.6M $2.66 $453.9M 10.9% 10.8%
FY2017 $5.3B $472.6M $3.03 $435.3M 13.1% 14.1%
FY2016 $5.0B $413.2M $2.62 $501.2M 12.7% 12.7%

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

Executive summary

Fortune Brands Innovations, Inc. is facing top-line stagnation, with revenue contracting over the decade.

Fortune Brands Innovations, Inc. returns on capital have been average, hovering around 12.3% ROIC over the decade.

Over the decade, Fortune Brands Innovations, Inc. shows that management has aggressively returned capital to shareholders by retiring 23.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fortune Brands Innovations, Inc. is modeled at -0.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $15.34 per share.

FBIN stock: frequently asked questions

What is the intrinsic value of Fortune Brands Innovations, Inc. (FBIN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -0.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FBIN's intrinsic value is about $15.34 per share.

Is FBIN stock undervalued?

At $40.04 (close on Oct 17, 2026), FBIN trades 161% above its Graham value of $15.34. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Fortune Brands Innovations, Inc. grown?

Revenue went from $5.0B in fiscal 2016 to $4.5B in fiscal 2025, a compound annual growth rate of -1.2%. Net income was $298.8M in fiscal 2025.

Does Fortune Brands Innovations, Inc. generate free cash flow?

Fortune Brands Innovations, Inc. generated $366.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is FBIN's return on invested capital?

Average ROIC over the last 10 fiscal years was 12.3%, and average return on equity was 19.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FBIN data come from?

From Fortune Brands Innovations, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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