Jbt Marel Corp. (JBTM) intrinsic value & 10-year financials

Jbt Marel Corp. (JBTM) has a Graham intrinsic value of $75.13 per share. At $104.24 on Oct 17, 2026, the stock trades 39% above that value. Over the last 10 fiscal years revenue grew 12.2% a year to $3.8B, with an average return on invested capital of 10.2%.

Graham intrinsic value
$75.13
Share price (Oct 17, 2026)
$104.24
Price vs Graham value
39% above
Market cap
$5.4B
Revenue (FY2025)
$3.8B
Revenue growth (10-yr CAGR)
12.2%
ROIC (10-yr avg)
10.2%
Free cash flow (FY2025)
$238.1M

JBTM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.8B -$50.5M -$0.98 $238.1M 5.0% 3.8%
FY2024 $1.7B $85.4M $2.65 $194.7M 6.9% 6.4%
FY2023 $1.7B $582.6M $18.13 $19.1M 9.9% 9.1%
FY2022 $2.2B $130.7M $4.07 $54.7M 7.8% 9.0%
FY2021 $1.9B $118.4M $3.69 $171.6M 8.6% 9.9%
FY2020 $1.7B $108.8M $3.39 $217.7M 9.4% 10.2%
FY2019 $1.9B $129.0M $4.02 $72.3M 9.7% 14.2%
FY2018 $1.9B $104.1M $3.23 $114.1M 7.5% 14.7%
FY2017 $1.6B $80.5M $2.53 $66.7M 8.9% 12.6%
FY2016 $1.4B $67.6M $2.27 $30.3M 7.7% 11.6%

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

Executive summary

JBT MAREL Corp is a consistent compounder, expanding top-line revenue at 12.2% annually over the past decade.

JBT MAREL Corp returns on capital have been average, hovering around 10.2% ROIC over the decade.

Over the decade, JBT MAREL Corp shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, JBT MAREL Corp is modeled at 12.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $75.13 per share.

JBTM stock: frequently asked questions

What is the intrinsic value of Jbt Marel Corp. (JBTM) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JBTM's intrinsic value is about $75.13 per share.

Is JBTM stock undervalued?

At $104.24 (close on Oct 17, 2026), JBTM trades 39% above its Graham value of $75.13. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Jbt Marel Corp. grown?

Revenue went from $1.4B in fiscal 2016 to $3.8B in fiscal 2025, a compound annual growth rate of 12.2%. Net income was -$50.5M in fiscal 2025.

Does Jbt Marel Corp. generate free cash flow?

Jbt Marel Corp. generated $238.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is JBTM's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.2%, and average return on equity was 21.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JBTM data come from?

From Jbt Marel Corp.'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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