Kimball Electronics, Inc. (KE) intrinsic value & 10-year financials

Kimball Electronics, Inc. (KE) has a Graham intrinsic value of $3.54 per share. At $25.86 on Oct 17, 2026, the stock trades 631% above that value. Over the last 10 fiscal years revenue grew 6.5% a year to $1.5B, with an average return on invested capital of 8.8%.

Graham intrinsic value
$3.54
Share price (Oct 17, 2026)
$25.86
Price vs Graham value
631% above
Market cap
$646.9M
Revenue (FY2025)
$1.5B
Revenue growth (10-yr CAGR)
6.5%
ROIC (10-yr avg)
8.8%
Free cash flow (FY2025)
$150.7M

KE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.5B $17.0M $0.68 $150.7M 3.1% 4.2%
FY2024 $1.7B $20.5M $0.81 $27.1M 2.9% 5.3%
FY2023 $1.8B $55.8M $2.22 -$103.2M 4.8% 13.4%
FY2022 $1.3B $31.3M $1.24 -$157.1M 3.9% 8.4%
FY2021 $1.3B $56.8M $2.24 $91.7M 5.1% 16.9%
FY2020 $1.2B $18.2M $0.71 $34.4M 2.7% 7.3%
FY2019 $1.2B $31.6M $1.21 -$31.4M 3.6% 9.5%
FY2018 $1.1B $16.8M $0.62 $14.3M 4.0% 6.1%
FY2017 $930.9M $34.2M $1.24 $13.5M 4.6% 10.0%
FY2016 $842.1M $22.3M $0.76 $3.2M 3.5% 7.3%

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

Executive summary

Kimball Electronics, Inc. has demonstrated mature, steady growth, with revenue compounding at 6.5% annually over the past decade.

Kimball Electronics, Inc. returns on capital have been average, hovering around 8.8% ROIC over the decade.

Over the decade, Kimball Electronics, Inc. shows that management has aggressively returned capital to shareholders by retiring 14.3% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kimball Electronics, Inc. is modeled at -1.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.54 per share.

KE stock: frequently asked questions

What is the intrinsic value of Kimball Electronics, Inc. (KE) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, KE's intrinsic value is about $3.54 per share.

Is KE stock undervalued?

At $25.86 (close on Oct 17, 2026), KE trades 631% above its Graham value of $3.54. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Kimball Electronics, Inc. grown?

Revenue went from $842.1M in fiscal 2016 to $1.5B in fiscal 2025, a compound annual growth rate of 6.5%. Net income was $17.0M in fiscal 2025.

Does Kimball Electronics, Inc. generate free cash flow?

Kimball Electronics, Inc. generated $150.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 10 reported years.

What is KE's return on invested capital?

Average ROIC over the last 10 fiscal years was 8.8%, and average return on equity was 7.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KE data come from?

From Kimball Electronics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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