Grown Rogue International Inc. (GRUSF) intrinsic value & 10-year financials

Grown Rogue International Inc. (GRUSF) has a Graham intrinsic value of $0.33 per share. At $0.38 on Oct 17, 2026, the stock trades 15% above that value. Over the last 10 fiscal years revenue grew 94.8% a year to $32.4M, with an average return on invested capital of 470.0%.

Graham intrinsic value
$0.33
Share price (Oct 17, 2026)
$0.38
Price vs Graham value
15% above
Market cap
$94.1M
Revenue (FY2025)
$32.4M
Revenue growth (10-yr CAGR)
94.8%
ROIC (10-yr avg)
470.0%
Free cash flow (FY2025)
-$1.1M

GRUSF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $32.4M $3.2M $0.01 -$1.1M -1.8% -1.6%
FY2024 $26.6M -$10.7M -$0.08 -$1.5M 0.2% 0.5%
FY2023 $23.4M -$662.3K — $4.3M 18.2% 39.6%
FY2022 $17.8M $420.0K — $892.9K 5.4% 7.5%
FY2021 $9.4M -$1.0M — -$2.3M 7.5% 22.7%
FY2020 $4.2M -$2.4M — -$850.6K -37.1% 198.6%
FY2019 $3.9M -$9.5M — -$3.6M -194.2% 1131.4%
FY2018 $1.9M -$7.5M — -$3.4M -257.1% 2731.4%
FY2017 $156.1K -$302.4K — -$1.4M -89.0% 100.0%
FY2016 — — -$6.51 — — —

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

Executive summary

Grown Rogue International Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Grown Rogue International Inc. has historically struggled to out-earn its cost of capital, averaging just -0.6% ROIC.

Grown Rogue International 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, Grown Rogue International Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.

GRUSF stock: frequently asked questions

What is the intrinsic value of Grown Rogue International Inc. (GRUSF) 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, GRUSF's intrinsic value is about $0.33 per share.

Is GRUSF stock undervalued?

At $0.38 (close on Oct 17, 2026), GRUSF trades 15% above its Graham value of $0.33. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Grown Rogue International Inc. generate free cash flow?

Grown Rogue International Inc. generated -$1.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 9 reported years.

What is GRUSF's return on invested capital?

Average ROIC over the last 10 fiscal years was 470.0%, and average return on equity was 450.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GRUSF data come from?

From Grown Rogue International Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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