Information Services Group Inc. (III) intrinsic value & 10-year financials
Information Services Group Inc. (III) has a Graham intrinsic value of $3.62 per share. At $5.65 on Oct 17, 2026, the stock trades 56% above that value. Over the last 10 fiscal years revenue grew 1.4% a year to $244.7M, with an average return on invested capital of 6.2%.
- Graham intrinsic value
- $3.62
- Share price (Oct 17, 2026)
- $5.65
- Price vs Graham value
- 56% above
- Market cap
- $284.4M
- Revenue (FY2025)
- $244.7M
- Revenue growth (10-yr CAGR)
- 1.4%
- ROIC (10-yr avg)
- 6.2%
- Free cash flow (FY2025)
- $25.0M
III 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $244.7M | $9.3M | $0.19 | $25.0M | 7.3% | 8.5% |
| FY2024 | $247.6M | $2.8M | $0.06 | $17.0M | 2.3% | 2.1% |
| FY2023 | $291.1M | $6.2M | $0.12 | $8.8M | 5.0% | 6.5% |
| FY2022 | $286.3M | $19.7M | $0.39 | $7.7M | 10.3% | 15.5% |
| FY2021 | $277.8M | $15.5M | $0.30 | $39.6M | 9.1% | 12.8% |
| FY2020 | $249.1M | $2.8M | $0.06 | $42.8M | 3.7% | 3.1% |
| FY2019 | $265.8M | $3.3M | $0.07 | $18.5M | 5.0% | 4.2% |
| FY2018 | $275.8M | $5.7M | $0.12 | $15.1M | 4.6% | 7.7% |
| FY2017 | $269.6M | -$2.1M | -$0.05 | $8.3M | 3.4% | 3.1% |
| FY2016 | $216.5M | -$6.4M | -$0.18 | $10.0M | -1.2% | -1.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
3i has demonstrated mature, steady growth, with revenue compounding at 1.4% annually over the past decade.
3i has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.
3i 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, 3i is modeled at 6.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.62 per share.