Griffon Corp. (GFF) intrinsic value & 10-year financials

Griffon Corp. (GFF) has a Graham intrinsic value of $18.11 per share. At $92.85 on Oct 17, 2026, the stock trades 413% above that value. Over the last 10 fiscal years revenue grew 6.1% a year to $2.5B, with an average return on invested capital of 5.4%.

Graham intrinsic value
$18.11
Share price (Oct 17, 2026)
$92.85
Price vs Graham value
413% above
Market cap
$4.3B
Revenue (FY2025)
$2.5B
Revenue growth (10-yr CAGR)
6.1%
ROIC (10-yr avg)
5.4%
Free cash flow (FY2025)
$305.0M

GFF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.5B $51.1M $1.09 $305.0M 8.2% 6.2%
FY2024 $2.6B $209.9M $4.23 $311.6M 15.2% 15.6%
FY2023 $2.7B $77.6M $1.42 $368.2M 7.3% 6.9%
FY2022 $2.8B -$191.6M -$3.71 $16.8M -6.6% -9.8%
FY2021 $2.3B $79.2M $1.48 $34.1M 7.5% 6.6%
FY2020 $2.4B $53.4M $1.19 $88.0M 6.4% 6.3%
FY2019 $2.2B $37.3M $0.87 $68.6M 6.1% 5.2%
FY2018 $2.0B $125.7M $2.96 $16.3M 4.9% 6.7%
FY2017 $1.5B $14.9M $0.35 $14.2M 4.5% 5.3%
FY2016 $1.5B $30.0M $0.68 $15.2M 7.0% 4.6%

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

Executive summary

GRIFFON CORP has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.

GRIFFON CORP has historically struggled to out-earn its cost of capital, averaging just 5.4% ROIC.

Over the decade, GRIFFON CORP shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, GRIFFON CORP is modeled at 5.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $18.11 per share.

GFF stock: frequently asked questions

What is the intrinsic value of Griffon Corp. (GFF) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 5.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, GFF's intrinsic value is about $18.11 per share.

Is GFF stock undervalued?

At $92.85 (close on Oct 17, 2026), GFF trades 413% above its Graham value of $18.11. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Griffon Corp. grown?

Revenue went from $1.5B in fiscal 2016 to $2.5B in fiscal 2025, a compound annual growth rate of 6.1%. Net income was $51.1M in fiscal 2025.

Does Griffon Corp. generate free cash flow?

Griffon Corp. generated $305.0M 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 GFF's return on invested capital?

Average ROIC over the last 10 fiscal years was 5.4%, and average return on equity was 16.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GFF data come from?

From Griffon Corp.'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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