Investors Title Co. (ITIC) intrinsic value & 10-year financials
Investors Title Co. (ITIC) has a Graham intrinsic value of $357.27 per share. At $290.10 on Oct 17, 2026, the stock trades 19% below that value. Over the last 10 fiscal years revenue grew 19.6% a year to $40.9M, with an average return on invested capital of 16.5%.
- Graham intrinsic value
- $357.27
- Share price (Oct 17, 2026)
- $290.10
- Price vs Graham value
- 19% below
- Market cap
- $549.7M
- Revenue (FY2025)
- $40.9M
- Revenue growth (10-yr CAGR)
- 19.6%
- ROIC (10-yr avg)
- 16.5%
- Free cash flow (FY2025)
- $25.4M
ITIC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $40.9M | $35.2M | $18.57 | $25.4M | — | 14.5% |
| FY2024 | $35.1M | $31.1M | $16.43 | $22.4M | — | 13.4% |
| FY2023 | $36.3M | $21.7M | $11.45 | -$1.8M | — | 9.8% |
| FY2022 | $36.2M | $23.9M | $12.59 | $30.5M | — | 11.8% |
| FY2021 | $23.3M | $67.0M | $35.28 | $45.4M | — | 34.8% |
| FY2020 | $17.0M | $39.4M | $20.80 | $30.9M | — | 22.0% |
| FY2019 | $17.4M | $31.5M | $16.59 | $19.4M | — | 18.6% |
| FY2018 | $14.2M | $21.9M | $11.54 | $22.5M | — | 12.4% |
| FY2017 | $13.0M | $25.7M | $13.56 | $17.0M | — | 15.4% |
| FY2016 | $8.2M | $19.5M | $10.19 | $20.1M | — | 12.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
INVESTORS TITLE CO is a consistent compounder, expanding top-line revenue at 19.6% annually over the past decade.
INVESTORS TITLE CO has earned high returns on invested capital, averaging 17.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
INVESTORS TITLE CO 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, INVESTORS TITLE CO is modeled at 6.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $357.27 per share.