Fidelity Ethereum Fund (FETH) intrinsic value & 10-year financials
Fidelity Ethereum Fund (FETH) has no Graham intrinsic value right now because the formula needs positive earnings.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $24.00
- Revenue (FY2025)
- —
- ROIC (10-yr avg)
- -22.3%
- Free cash flow (FY2025)
- —
FETH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | — | -$422.3M | — | — | — | -22.3% |
| FY2024 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fidelity Ethereum Fund revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fidelity Ethereum Fund has historically struggled to out-earn its cost of capital, averaging just -22.3% ROIC.
Fidelity Ethereum Fund capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Fidelity Ethereum Fund is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.