Lee ENTERPRISES, Inc. (LEE) intrinsic value & 10-year financials
Lee ENTERPRISES, Inc. (LEE) has a Graham intrinsic value of $22.06 per share. At $6.42 on Oct 17, 2026, the stock trades 71% below that value. Over the last 10 fiscal years revenue shrank 1.0% a year to $562.3M, with an average return on invested capital of 8.7%.
- Graham intrinsic value
- $22.06
- Share price (Oct 17, 2026)
- $6.42
- Price vs Graham value
- 71% below
- Market cap
- $38.9M
- Revenue (FY2025)
- $562.3M
- Revenue growth (10-yr CAGR)
- -1.0%
- ROIC (10-yr avg)
- 8.7%
- Free cash flow (FY2025)
- -$7.1M
LEE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $562.3M | -$37.6M | -$6.20 | -$7.1M | -0.8% | -0.9% |
| FY2024 | $611.4M | -$25.8M | -$4.35 | -$8.1M | 0.7% | 0.7% |
| FY2023 | $691.1M | -$5.3M | -$0.90 | -$7.6M | 5.4% | 6.9% |
| FY2022 | $781.0M | -$2.0M | -$0.35 | -$4.1M | 3.2% | 4.6% |
| FY2021 | $794.6M | $22.8M | $3.91 | $42.6M | 7.1% | 7.8% |
| FY2020 | $618.0M | -$3.1M | -$0.05 | $41.8M | 8.1% | 5.5% |
| FY2019 | $509.9M | $14.3M | $0.25 | $51.8M | 14.7% | 11.9% |
| FY2018 | $544.0M | $45.8M | $0.82 | $53.3M | 16.3% | 20.9% |
| FY2017 | $566.9M | $27.5M | $0.50 | $68.2M | 16.3% | 15.0% |
| FY2016 | $614.4M | $35.0M | $0.64 | $72.1M | 16.9% | 14.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LEE ENTERPRISES, Inc is facing top-line stagnation, with revenue contracting over the decade.
LEE ENTERPRISES, Inc returns on capital have been average, hovering around 8.7% ROIC over the decade.
Over the decade, LEE ENTERPRISES, Inc shows that management has aggressively returned capital to shareholders by retiring 88.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LEE ENTERPRISES, Inc is modeled at -1.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $22.06 per share.