Legacy Education Inc. (LGCY) intrinsic value & 10-year financials

Legacy Education Inc. (LGCY) has a Graham intrinsic value of $19.60 per share. At $10.25 on Oct 17, 2026, the stock trades 48% below that value. Over the last 4 fiscal years revenue grew 34.5% a year to $64.2M, with an average return on invested capital of 29.3%.

Graham intrinsic value
$19.60
Share price (Oct 17, 2026)
$10.25
Price vs Graham value
48% below
Market cap
$130.0M
Revenue (FY2025)
$64.2M
Revenue growth (4-yr CAGR)
34.5%
ROIC (10-yr avg)
29.3%
Free cash flow (FY2025)
$6.9M

LGCY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $64.2M $7.5M $0.59 $6.9M 15.6% 26.8%
FY2024 $46.0M $5.1M $0.53 $1.2M 13.5% 36.3%
FY2023 $35.5M $2.7M $0.28 $1.6M 10.2% 24.7%
FY2022 — — — — — —

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

Executive summary

Legacy Education Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Legacy Education Inc. has earned high returns on invested capital, averaging 29.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Legacy Education 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, Legacy Education Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $19.60 per share.

LGCY stock: frequently asked questions

What is the intrinsic value of Legacy Education Inc. (LGCY) 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, LGCY's intrinsic value is about $19.60 per share.

Is LGCY stock undervalued?

At $10.25 (close on Oct 17, 2026), LGCY trades 48% below its Graham value of $19.60. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Legacy Education Inc. generate free cash flow?

Legacy Education Inc. generated $6.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 3 reported years.

What is LGCY's return on invested capital?

Average ROIC over the last 4 fiscal years was 29.3%, and average return on equity was 23.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LGCY data come from?

From Legacy Education Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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