General Electric Co. (GE) intrinsic value & 10-year financials
General Electric Co. (GE) has a Graham intrinsic value of $172.06 per share. At $313.83 on Oct 17, 2026, the stock trades 82% above that value. Over the last 10 fiscal years revenue shrank 9.3% a year to $45.9B, with an average return on invested capital of 6.2%.
- Graham intrinsic value
- $172.06
- Share price (Oct 17, 2026)
- $313.83
- Price vs Graham value
- 82% above
- Market cap
- $335.2B
- Revenue (FY2025)
- $45.9B
- Revenue growth (10-yr CAGR)
- -9.3%
- ROIC (10-yr avg)
- 6.2%
- Free cash flow (FY2025)
- $7.3B
GE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $45.9B | $8.7B | $8.14 | $7.3B | — | 36.2% |
| FY2024 | $38.7B | $6.6B | $5.99 | $3.7B | — | 24.8% |
| FY2023 | $68.0B | $9.5B | $8.36 | $3.6B | — | 27.4% |
| FY2022 | $76.6B | $225.0M | -$0.05 | $4.5B | — | 0.5% |
| FY2021 | $74.2B | -$6.5B | -$6.16 | $2.1B | — | -10.5% |
| FY2020 | $79.6B | $5.7B | $0.58 | $345.0M | — | 8.9% |
| FY2019 | $95.2B | -$5.0B | -$0.62 | $3.0B | — | -6.9% |
| FY2018 | $113.5B | -$22.4B | -$2.62 | -$3.4B | — | -20.8% |
| FY2017 | $111.0B | -$5.8B | -$0.72 | $3.1B | — | -4.4% |
| FY2016 | $110.2B | $8.8B | $0.89 | -$7.4B | — | 6.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GE Aerospace is facing top-line stagnation, with revenue contracting over the decade.
GE Aerospace has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.
Over the decade, GE Aerospace shows that management has aggressively returned capital to shareholders by retiring 88.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GE Aerospace is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $172.06 per share.