Invesco CurrencyShares British Pound Sterling Trust (FXB) intrinsic value & 10-year financials

Invesco CurrencyShares British Pound Sterling Trust (FXB) has a Graham intrinsic value of $102.30 per share. At $128.17 on Oct 17, 2026, the stock trades 25% above that value. Over the last 10 fiscal years revenue grew 51.1% a year to $2.2M.

Graham intrinsic value
$102.30
Share price (Oct 17, 2026)
$128.17
Price vs Graham value
25% above
Market cap
$77.4M
Revenue (FY2025)
$2.2M
Revenue growth (10-yr CAGR)
51.1%
Free cash flow (FY2025)
—

FXB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.2M $1.9M $3.08 — — —
FY2024 $2.3M $2.0M $3.90 — — —
FY2023 $3.2M $2.8M $3.32 — — —
FY2022 $719.3K $299.8K $0.34 — — —
FY2021 — -$579.5K -$0.53 — — —
FY2020 $105.5K -$431.1K — — — —
FY2019 $497.9K -$70.1K — — — —
FY2018 $256.2K -$466.6K — — — —
FY2017 — -$1.1M — — — —
FY2016 $52.9K -$434.8K — — — —

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

Executive summary

Invesco CurrencyShares British Pound Sterling Trust is a consistent compounder, expanding top-line revenue at 51.1% annually over the past decade.

Invesco CurrencyShares British Pound Sterling Trust 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

Invesco CurrencyShares British Pound Sterling Trust 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, Invesco CurrencyShares British Pound Sterling Trust is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $102.30 per share.

FXB stock: frequently asked questions

What is the intrinsic value of Invesco CurrencyShares British Pound Sterling Trust (FXB) 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, FXB's intrinsic value is about $102.30 per share.

Is FXB stock undervalued?

At $128.17 (close on Oct 17, 2026), FXB trades 25% above its Graham value of $102.30. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Invesco CurrencyShares British Pound Sterling Trust grown?

Revenue went from $52.9K in fiscal 2016 to $2.2M in fiscal 2025, a compound annual growth rate of 51.1%. Net income was $1.9M in fiscal 2025.

Where does this FXB data come from?

From Invesco CurrencyShares British Pound Sterling Trust's annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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