Graham Corp. (GHM) intrinsic value & 10-year financials
Graham Corp. (GHM) has a Graham intrinsic value of $23.67 per share. At $68.48 on Oct 17, 2026, the stock trades 189% above that value. Over the last 10 fiscal years revenue grew 11.5% a year to $245.3M, with an average return on invested capital of 1.4%.
- Graham intrinsic value
- $23.67
- Share price (Oct 17, 2026)
- $68.48
- Price vs Graham value
- 189% above
- Market cap
- $762.7M
- Revenue (FY2026)
- $245.3M
- Revenue growth (10-yr CAGR)
- 11.5%
- ROIC (10-yr avg)
- 1.4%
- Free cash flow (FY2026)
- -$121.0K
GHM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $245.3M | $12.5M | $1.12 | -$121.0K | 6.1% | 9.9% |
| FY2025 | $209.9M | $12.2M | $1.11 | $5.4M | 7.2% | 12.1% |
| FY2024 | $185.5M | $4.6M | $0.42 | $18.9M | 3.7% | 5.9% |
| FY2023 | $157.1M | $367.0K | $0.03 | $10.2M | 0.8% | 0.8% |
| FY2022 | $122.8M | -$8.8M | -$0.83 | -$4.5M | -9.2% | -12.0% |
| FY2021 | $97.5M | $2.4M | $0.24 | -$3.9M | 3.1% | 4.3% |
| FY2020 | $90.6M | $1.9M | $0.19 | -$1.2M | 0.7% | 0.7% |
| FY2019 | $91.8M | -$308.0K | -$0.03 | $5.8M | — | -0.4% |
| FY2018 | $77.5M | -$9.8M | -$1.01 | $6.5M | — | -14.3% |
| FY2017 | $91.8M | $5.0M | $0.52 | $12.1M | — | 6.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GRAHAM CORP is a consistent compounder, expanding top-line revenue at 11.5% annually over the past decade.
GRAHAM CORP has historically struggled to out-earn its cost of capital, averaging just 1.4% ROIC.
Over the decade, GRAHAM 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, GRAHAM CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.67 per share.