Grove Collaborative Holdings, Inc. (GROV) intrinsic value & 10-year financials

Grove Collaborative Holdings, Inc. (GROV) has a Graham intrinsic value of $5.59 per share. At $0.98 on Oct 17, 2026, the stock trades 82% below that value. Over the last 7 fiscal years revenue shrank 13.8% a year to $173.7M, with an average return on invested capital of -15139.9%.

Graham intrinsic value
$5.59
Share price (Oct 17, 2026)
$0.98
Price vs Graham value
82% below
Market cap
$38.3M
Revenue (FY2025)
$173.7M
Revenue growth (7-yr CAGR)
-13.8%
ROIC (10-yr avg)
-15139.9%
Free cash flow (FY2025)
-$8.1M

GROV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $173.7M -$11.7M -$0.34 -$8.1M -6.5% 137.5%
FY2024 $203.4M -$27.4M -$0.76 -$11.5M -11.1% -90188.0%
FY2023 $259.3M -$43.2M -$1.28 -$11.0M -13.6% -230.4%
FY2022 $321.5M -$87.7M -$0.97 -$100.5M -43.8% -353.6%
FY2021 $383.7M -$135.9M -$1.44 -$132.9M -33.6% -226.4%
FY2020 $364.3M -$72.3M -$1.22 -$88.5M -18.3% 21.6%
FY2019 — — — — — —

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

Executive summary

Grove Collaborative Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Grove Collaborative Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -154.5% ROIC.

Grove Collaborative Holdings, Inc. 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, Grove Collaborative Holdings, Inc. is modeled at -13.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.59 per share.

GROV stock: frequently asked questions

What is the intrinsic value of Grove Collaborative Holdings, Inc. (GROV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -13.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, GROV's intrinsic value is about $5.59 per share.

Is GROV stock undervalued?

At $0.98 (close on Oct 17, 2026), GROV trades 82% below its Graham value of $5.59. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Grove Collaborative Holdings, Inc. generate free cash flow?

Grove Collaborative Holdings, Inc. generated -$8.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is GROV's return on invested capital?

Average ROIC over the last 7 fiscal years was -15139.9%, and average return on equity was 3102.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GROV data come from?

From Grove Collaborative Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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