Kura Sushi USA, Inc. (KRUS) intrinsic value & 10-year financials

Kura Sushi USA, Inc. (KRUS) has a Graham intrinsic value of $4.65 per share. At $38.11 on Oct 17, 2026, the stock trades 720% above that value. Over the last 9 fiscal years revenue grew 27.5% a year to $282.8M, with an average return on invested capital of -3.5%.

Graham intrinsic value
$4.65
Share price (Oct 17, 2026)
$38.11
Price vs Graham value
720% above
Market cap
$454.1M
Revenue (FY2025)
$282.8M
Revenue growth (9-yr CAGR)
27.5%
ROIC (10-yr avg)
-3.5%
Free cash flow (FY2025)
-$21.4M

KRUS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $282.8M -$1.9M -$0.16 -$21.4M -1.7% -1.6%
FY2024 $237.9M -$8.8M -$0.79 -$28.6M -4.8% -5.1%
FY2023 $187.4M $1.5M $0.14 -$21.0M 0.2% 0.2%
FY2022 $141.1M -$764.0K -$0.08 -$3.1M -0.5% -0.6%
FY2021 $64.9M -$10.3M -$1.21 -$21.2M -15.4% -9.4%
FY2020 $45.2M -$17.4M -$0.00 -$27.4M -36.5% -27.2%
FY2019 $64.2M $1.5M $0.00 -$4.7M 2.6% 6.0%
FY2018 $51.7M $1.7M $0.00 -$1.8M 3.6% 10.3%
FY2017 — — — — — —

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

Executive summary

KURA SUSHI USA, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

KURA SUSHI USA, INC. has historically struggled to out-earn its cost of capital, averaging just -3.4% ROIC.

KURA SUSHI USA, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, KURA SUSHI USA, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.65 per share.

KRUS stock: frequently asked questions

What is the intrinsic value of Kura Sushi USA, Inc. (KRUS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, KRUS's intrinsic value is about $4.65 per share.

Is KRUS stock undervalued?

At $38.11 (close on Oct 17, 2026), KRUS trades 720% above its Graham value of $4.65. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Kura Sushi USA, Inc. generate free cash flow?

Kura Sushi USA, Inc. generated -$21.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is KRUS's return on invested capital?

Average ROIC over the last 9 fiscal years was -3.5%, and average return on equity was -5.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KRUS data come from?

From Kura Sushi USA, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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