Lightbridge Corp. (LTBR) intrinsic value & 10-year financials
Lightbridge Corp. (LTBR) has a Graham intrinsic value of $100.15 per share. At $5.21 on Oct 17, 2026, the stock trades 95% below that value. Over the last 10 fiscal years revenue shrank 76.9% a year to $0, with an average return on invested capital of -64.2%.
- Graham intrinsic value
- $100.15
- Share price (Oct 17, 2026)
- $5.21
- Price vs Graham value
- 95% below
- Market cap
- $127.7M
- Revenue (FY2025)
- $0
- Revenue growth (10-yr CAGR)
- -76.9%
- ROIC (10-yr avg)
- -64.2%
- Free cash flow (FY2025)
- —
LTBR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $0 | -$19.6M | — | — | — | -19.1% |
| FY2024 | $0 | -$11.8M | -$0.81 | — | — | -37.6% |
| FY2023 | $0 | -$7.9M | -$0.65 | — | — | -31.2% |
| FY2022 | $0 | -$7.5M | -$0.69 | — | — | -28.9% |
| FY2021 | $0 | -$7.8M | -$1.71 | — | — | -37.5% |
| FY2020 | $0 | -$14.4M | -$3.59 | -$8.8M | — | -78.3% |
| FY2019 | $0 | -$10.6M | -$3.66 | -$6.9M | — | -48.0% |
| FY2018 | — | -$15.7M | — | — | — | -99.0% |
| FY2017 | $175.4K | -$7.1M | — | — | -3760.5% | -125.2% |
| FY2016 | $760.6K | -$6.3M | — | — | -1003.8% | -137.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LIGHTBRIDGE Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
LIGHTBRIDGE Corp has historically struggled to out-earn its cost of capital, averaging just -64.2% ROIC.
LIGHTBRIDGE Corp 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, LIGHTBRIDGE Corp is modeled at -76.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $100.15 per share.