J&J Snack Foods Corp. (JJSF) intrinsic value & 10-year financials

J&J Snack Foods Corp. (JJSF) has a Graham intrinsic value of $12.75 per share. At $78.75 on Oct 17, 2026, the stock trades 518% above that value. Over the last 10 fiscal years revenue grew 5.3% a year to $1.6B, with an average return on invested capital of 9.7%.

Graham intrinsic value
$12.75
Share price (Oct 17, 2026)
$78.75
Price vs Graham value
518% above
Market cap
$1.5B
Revenue (FY2025)
$1.6B
Revenue growth (10-yr CAGR)
5.3%
ROIC (10-yr avg)
9.7%
Free cash flow (FY2025)
$82.3M

JJSF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.6B $65.6M $3.36 $82.3M 5.3% 6.3%
FY2024 $1.6B $86.6M $4.45 $99.5M 7.5% 8.6%
FY2023 $1.6B $78.9M $4.08 $67.5M 7.0% 8.5%
FY2022 $1.4B $47.2M $2.46 -$61.2M 4.5% 6.2%
FY2021 $1.1B $55.6M $2.91 $47.9M 6.2% 8.4%
FY2020 $1.0B $18.3M $0.96 $34.3M 1.7% 2.2%
FY2019 $1.2B $94.8M $5.00 $90.4M 9.9% 13.6%
FY2018 $1.1B $103.6M $5.51 $63.3M 9.7% 13.5%
FY2017 $1.1B $79.2M $4.21 $53.2M 10.9% 15.0%
FY2016 $992.8M $76.0M $4.05 $72.5M 11.4% 14.4%

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

Executive summary

J&J SNACK FOODS CORP has demonstrated mature, steady growth, with revenue compounding at 5.3% annually over the past decade.

J&J SNACK FOODS CORP returns on capital have been average, hovering around 9.2% ROIC over the decade.

Over the decade, J&J SNACK FOODS 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, J&J SNACK FOODS CORP is modeled at -2.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.75 per share.

JJSF stock: frequently asked questions

What is the intrinsic value of J&J Snack Foods Corp. (JJSF) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -2.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JJSF's intrinsic value is about $12.75 per share.

Is JJSF stock undervalued?

At $78.75 (close on Oct 17, 2026), JJSF trades 518% above its Graham value of $12.75. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has J&J Snack Foods Corp. grown?

Revenue went from $992.8M in fiscal 2016 to $1.6B in fiscal 2025, a compound annual growth rate of 5.3%. Net income was $65.6M in fiscal 2025.

Does J&J Snack Foods Corp. generate free cash flow?

J&J Snack Foods Corp. generated $82.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is JJSF's return on invested capital?

Average ROIC over the last 10 fiscal years was 9.7%, and average return on equity was 9.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JJSF data come from?

From J&J Snack Foods Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.