Liberty Broadband Corp. (LBRDK) intrinsic value & 10-year financials

Liberty Broadband Corp. (LBRDK) has a Graham intrinsic value of $201.95 per share.

Graham intrinsic value
$201.95
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
54.9%
ROIC (10-yr avg)
-0.1%
Free cash flow (FY2025)
—

LBRDK 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$2.7B — — — -0.3%
FY2024 $1.0B $869.0M $6.08 -$143.0M 9.1% 0.6%
FY2023 $981.0M $688.0M $4.68 -$206.0M 7.4% 0.5%
FY2022 $975.0M $1.3B $7.96 -$237.0M -4.0% -0.2%
FY2021 $988.0M $732.0M $3.93 -$131.0M -9.9% -0.5%
FY2020 $50.7M $397.6M $2.17 -$97.6M -117.6% -0.4%
FY2019 $14.9M $117.2M $0.64 -$38.1M -197.0% -0.2%
FY2018 $22.3M $70.0M $0.38 -$26.3M -54.0% -0.1%
FY2017 $13.1M $2.0B $11.10 -$30.1M -194.6% -0.2%
FY2016 $30.6M $917.3M $6.00 -$12.2M -69.2% -0.1%

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

Executive summary

Liberty Broadband Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Liberty Broadband Corp has historically struggled to out-earn its cost of capital, averaging just -0.1% ROIC.

Over the decade, Liberty Broadband 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, Liberty Broadband Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $201.95 per share.

LBRDK stock: frequently asked questions

What is the intrinsic value of Liberty Broadband Corp. (LBRDK) 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, LBRDK's intrinsic value is about $201.95 per share.

What is LBRDK's return on invested capital?

Average ROIC over the last 10 fiscal years was -0.1%, and average return on equity was 4.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LBRDK data come from?

From Liberty Broadband Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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