Guidewire Software, Inc. (GWRE) intrinsic value & 10-year financials
Guidewire Software, Inc. (GWRE) has a Graham intrinsic value of $26.90 per share. At $168.86 on Oct 17, 2026, the stock trades 528% above that value. Over the last 10 fiscal years revenue grew 12.3% a year to $1.2B, with an average return on invested capital of -2.1%.
- Graham intrinsic value
- $26.90
- Share price (Oct 17, 2026)
- $168.86
- Price vs Graham value
- 528% above
- Market cap
- $14.5B
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- 12.3%
- ROIC (10-yr avg)
- -2.1%
- Free cash flow (FY2025)
- $295.1M
GWRE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | $69.8M | $0.81 | $295.1M | 3.4% | 4.1% |
| FY2024 | $980.5M | -$6.1M | -$0.07 | $189.4M | -5.4% | -2.1% |
| FY2023 | $905.3M | -$111.9M | -$1.36 | $32.6M | -16.5% | -9.8% |
| FY2022 | $812.6M | -$180.4M | -$2.16 | -$47.5M | -24.5% | -10.7% |
| FY2021 | $743.3M | -$66.5M | -$0.79 | $92.6M | -14.2% | -4.0% |
| FY2020 | $742.3M | -$27.2M | -$0.33 | $91.7M | -3.2% | -1.4% |
| FY2019 | $719.5M | $20.7M | $0.25 | $71.2M | 0.2% | 0.1% |
| FY2018 | $652.8M | -$19.7M | -$0.25 | $131.1M | -1.1% | -0.3% |
| FY2017 | $509.5M | $21.2M | $0.28 | $131.3M | 5.2% | 2.0% |
| FY2016 | $424.4M | $15.0M | $0.20 | $92.8M | 3.9% | 1.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Guidewire Software, Inc. is a consistent compounder, expanding top-line revenue at 12.3% annually over the past decade.
Guidewire Software, Inc. has historically struggled to out-earn its cost of capital, averaging just -2.1% ROIC.
Guidewire Software, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Guidewire Software, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.90 per share.