Franklin Electric Co. Inc. (FELE) intrinsic value & 10-year financials

Franklin Electric Co. Inc. (FELE) has a Graham intrinsic value of $68.06 per share. At $100.16 on Oct 17, 2026, the stock trades 47% above that value. Over the last 10 fiscal years revenue grew 9.7% a year to $2.1B, with an average return on invested capital of 14.2%.

Graham intrinsic value
$68.06
Share price (Oct 17, 2026)
$100.16
Price vs Graham value
47% above
Market cap
$4.6B
Revenue (FY2025)
$2.1B
Revenue growth (10-yr CAGR)
9.7%
ROIC (10-yr avg)
14.2%
Free cash flow (FY2025)
$193.5M

FELE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.1B $147.1M $3.22 $193.5M 12.6% 16.0%
FY2024 $2.0B $180.3M $3.86 $219.7M 12.1% 15.9%
FY2023 $2.1B $193.3M $4.11 $274.3M 12.7% 17.1%
FY2022 $2.0B $187.3M $3.97 $59.8M 12.6% 17.7%
FY2021 $1.7B $153.9M $3.25 $99.6M 11.4% 16.2%
FY2020 $1.2B $100.5M $2.14 $189.0M 10.5% 12.9%
FY2019 $1.3B $95.5M $2.03 $155.8M 9.7% 12.1%
FY2018 $1.3B $105.9M $2.23 $106.0M 10.2% 13.3%
FY2017 $1.1B $78.2M $1.65 $33.3M 9.5% 10.3%
FY2016 $924.9M $72.9M $1.50 $73.4M 9.8% 11.1%

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

Executive summary

FRANKLIN ELECTRIC CO INC is a consistent compounder, expanding top-line revenue at 9.7% annually over the past decade.

FRANKLIN ELECTRIC CO INC returns on capital have been average, hovering around 14.2% ROIC over the decade.

FRANKLIN ELECTRIC CO INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, FRANKLIN ELECTRIC CO INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $68.06 per share.

FELE stock: frequently asked questions

What is the intrinsic value of Franklin Electric Co. Inc. (FELE) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FELE's intrinsic value is about $68.06 per share.

Is FELE stock undervalued?

At $100.16 (close on Oct 17, 2026), FELE trades 47% above its Graham value of $68.06. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Franklin Electric Co. Inc. grown?

Revenue went from $924.9M in fiscal 2016 to $2.1B in fiscal 2025, a compound annual growth rate of 9.7%. Net income was $147.1M in fiscal 2025.

Does Franklin Electric Co. Inc. generate free cash flow?

Franklin Electric Co. Inc. generated $193.5M 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 FELE's return on invested capital?

Average ROIC over the last 10 fiscal years was 14.2%, and average return on equity was 14.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FELE data come from?

From Franklin Electric Co. 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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