Korn Ferry (KFY) intrinsic value & 10-year financials
Korn Ferry (KFY) has a Graham intrinsic value of $152.79 per share. At $73.03 on Oct 17, 2026, the stock trades 52% below that value. Over the last 10 fiscal years revenue grew 8.3% a year to $2.8B, with an average return on invested capital of 14.5%.
- Graham intrinsic value
- $152.79
- Share price (Oct 17, 2026)
- $73.03
- Price vs Graham value
- 52% below
- Market cap
- $3.9B
- Revenue (FY2025)
- $2.8B
- Revenue growth (10-yr CAGR)
- 8.3%
- ROIC (10-yr avg)
- 14.5%
- Free cash flow (FY2025)
- $301.9M
KFY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.8B | $246.1M | $4.60 | $301.9M | 12.5% | 18.4% |
| FY2024 | $2.8B | $169.2M | $3.23 | $228.8M | 7.6% | 12.4% |
| FY2023 | $2.9B | $209.5M | $3.95 | $273.5M | 11.0% | 18.6% |
| FY2022 | $2.6B | $326.4M | $5.98 | $452.3M | 17.8% | 32.8% |
| FY2021 | $1.8B | $114.5M | $2.09 | $220.3M | 8.6% | 10.1% |
| FY2020 | $2.0B | $104.9M | $1.90 | $194.9M | 8.9% | 12.8% |
| FY2019 | $2.0B | $102.7M | $1.81 | $212.1M | 7.1% | 12.4% |
| FY2018 | $1.8B | $133.8M | $2.35 | $177.1M | 11.2% | 14.4% |
| FY2017 | $1.6B | $84.2M | $1.47 | $56.1M | 7.1% | 9.2% |
| FY2016 | $1.3B | $30.9M | $0.58 | $42.8M | 3.9% | 3.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
KORN FERRY is a consistent compounder, expanding top-line revenue at 8.3% annually over the past decade.
KORN FERRY returns on capital have been average, hovering around 14.5% ROIC over the decade.
KORN FERRY 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, KORN FERRY is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $152.79 per share.