Liberty Global Ltd. (LBTYA) intrinsic value & 10-year financials
Liberty Global Ltd. (LBTYA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 10.9% a year to $4.9B, with an average return on invested capital of 2.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $7.80
- Market cap
- $2.7B
- Revenue (FY2025)
- $4.9B
- Revenue growth (10-yr CAGR)
- -10.9%
- ROIC (10-yr avg)
- 2.2%
- Free cash flow (FY2025)
- -$132.0M
LBTYA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.9B | -$7.1B | -$20.86 | -$132.0M | -0.5% | -0.1% |
| FY2024 | $4.3B | $1.6B | $4.23 | $1.1B | -1.4% | -0.3% |
| FY2023 | $7.5B | -$4.1B | -$9.52 | $779.9M | -3.3% | -0.8% |
| FY2022 | $7.2B | $1.5B | $2.96 | $1.5B | 2.0% | 0.3% |
| FY2021 | $10.3B | $13.4B | $23.59 | $2.1B | 12.8% | 3.8% |
| FY2020 | $12.0B | -$1.6B | -$2.70 | $2.8B | 17.7% | 6.0% |
| FY2019 | $11.5B | $11.5B | $16.32 | $3.3B | 6.5% | 2.2% |
| FY2018 | $12.0B | $725.3M | — | $4.5B | 7.0% | 1.2% |
| FY2017 | $11.3B | -$2.8B | — | $3.8B | 17.3% | 4.5% |
| FY2016 | $13.7B | $1.7B | — | $3.3B | 20.4% | 5.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Liberty Global Ltd. is facing top-line stagnation, with revenue contracting over the decade.
Liberty Global Ltd. has historically struggled to out-earn its cost of capital, averaging just 2.2% ROIC.
Over the decade, Liberty Global Ltd. shows that management has aggressively returned capital to shareholders by retiring 62.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Liberty Global Ltd. is modeled at -10.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-48.25 per share.