Franklin Financial Services Corp. /PA/ (FRAF) intrinsic value & 10-year financials
Franklin Financial Services Corp. /PA/ (FRAF) has a Graham intrinsic value of $100.19 per share. At $62.75 on Oct 17, 2026, the stock trades 37% below that value. Over the last 10 fiscal years revenue grew 7.0% a year to $9.2M, with an average return on invested capital of 4.9%.
- Graham intrinsic value
- $100.19
- Share price (Oct 17, 2026)
- $62.75
- Price vs Graham value
- 37% below
- Market cap
- $280.9M
- Revenue (FY2025)
- $9.2M
- Revenue growth (10-yr CAGR)
- 7.0%
- ROIC (10-yr avg)
- 4.9%
- Free cash flow (FY2025)
- —
FRAF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $9.2M | $21.2M | $4.74 | — | — | 13.3% |
| FY2024 | $8.5M | $11.1M | $2.51 | — | — | 8.0% |
| FY2023 | $7.5M | $13.6M | $3.10 | — | — | 11.0% |
| FY2022 | $7.2M | $14.9M | $3.36 | — | — | -82.6% |
| FY2021 | $7.1M | $19.6M | $4.42 | — | — | 56.1% |
| FY2020 | $6.0M | $12.8M | $2.93 | — | — | 14.5% |
| FY2019 | $6.1M | $16.1M | $3.67 | — | — | 13.1% |
| FY2018 | $5.7M | $6.1M | $1.39 | — | — | 5.2% |
| FY2017 | $5.4M | $2.2M | $0.50 | — | — | 2.1% |
| FY2016 | $5.0M | $8.1M | $1.88 | $14.3M | — | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FRANKLIN FINANCIAL SERVICES CORP /PA/ has demonstrated mature, steady growth, with revenue compounding at 7.0% annually over the past decade.
FRANKLIN FINANCIAL SERVICES CORP /PA/ has historically struggled to out-earn its cost of capital, averaging just 4.9% ROIC.
FRANKLIN FINANCIAL SERVICES CORP /PA/ 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 FINANCIAL SERVICES CORP /PA/ is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $100.19 per share.