Ibex Ltd. (IBEX) intrinsic value & 10-year financials
Ibex Ltd. (IBEX) has a Graham intrinsic value of $78.39 per share. At $45.65 on Oct 17, 2026, the stock trades 42% below that value. Over the last 6 fiscal years revenue grew 5.9% a year to $558.3M, with an average return on invested capital of 30.8%.
- Graham intrinsic value
- $78.39
- Share price (Oct 17, 2026)
- $45.65
- Price vs Graham value
- 42% below
- Market cap
- $717.8M
- Revenue (FY2025)
- $558.3M
- Revenue growth (6-yr CAGR)
- 5.9%
- ROIC (10-yr avg)
- 30.8%
- Free cash flow (FY2025)
- $27.3M
IBEX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $558.3M | $36.9M | $2.36 | $27.3M | 8.3% | 33.2% |
| FY2024 | $508.6M | $33.7M | $1.84 | $27.0M | 7.8% | 32.7% |
| FY2023 | $523.1M | $31.6M | $1.67 | $22.9M | 7.7% | 36.5% |
| FY2022 | $492.9M | $21.5M | $1.15 | $14.1M | 4.2% | 25.7% |
| FY2021 | $443.4M | $13.1M | $0.71 | -$4.7M | 3.8% | 26.0% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
IBEX Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
IBEX Ltd has earned high returns on invested capital, averaging 30.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
IBEX Ltd 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, IBEX Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $78.39 per share.