Lgl Group Inc. (LGL) intrinsic value & 10-year financials

Lgl Group Inc. (LGL) has a Graham intrinsic value of $2.13 per share. At $6.66 on Oct 17, 2026, the stock trades 213% above that value. Over the last 10 fiscal years revenue shrank 21.2% a year to $2.5M, with an average return on invested capital of 2.2%.

Graham intrinsic value
$2.13
Share price (Oct 17, 2026)
$6.66
Price vs Graham value
213% above
Market cap
$42.7M
Revenue (FY2025)
$2.5M
Revenue growth (10-yr CAGR)
-21.2%
ROIC (10-yr avg)
2.2%
Free cash flow (FY2025)
—

LGL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.5M $688.0K $0.11 — 10.2% 0.6%
FY2024 $2.2M $432.0K $0.08 — 31.4% 1.3%
FY2023 $1.7M $269.0K $0.05 $385.0K 37.4% 0.8%
FY2022 $1.7M -$3.0M -$0.56 -$1.5M -123.7% -2.9%
FY2021 $28.1M $14.6M $2.74 $253.0K -2.8% -2.8%
FY2020 $31.2M $968.0K $0.19 $2.8M 4.5% 4.7%
FY2019 $31.9M $7.0M $1.41 $1.5M 10.8% 15.2%
FY2018 $24.9M $1.4M $0.29 $1.3M 5.7% 4.9%
FY2017 $22.4M $117.0K $0.04 $550.0K 1.2% 0.8%
FY2016 $20.9M $148.0K $0.06 $106.0K -0.8% -0.6%

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

Executive summary

LGL GROUP INC is facing top-line stagnation, with revenue contracting over the decade.

LGL GROUP INC has historically struggled to out-earn its cost of capital, averaging just 2.2% ROIC.

LGL GROUP INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, LGL GROUP INC is modeled at 7.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.13 per share.

LGL stock: frequently asked questions

What is the intrinsic value of Lgl Group Inc. (LGL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 7.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, LGL's intrinsic value is about $2.13 per share.

Is LGL stock undervalued?

At $6.66 (close on Oct 17, 2026), LGL trades 213% above its Graham value of $2.13. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Lgl Group Inc. grown?

Revenue went from $20.9M in fiscal 2016 to $2.5M in fiscal 2025, a compound annual growth rate of -21.2%. Net income was $688.0K in fiscal 2025.

What is LGL's return on invested capital?

Average ROIC over the last 10 fiscal years was 2.2%, and average return on equity was 6.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LGL data come from?

From Lgl Group Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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