LiveWire Group, Inc. (LVWR) intrinsic value & 10-year financials

LiveWire Group, Inc. (LVWR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue shrank 3.6% a year to $25.7M, with an average return on invested capital of -326.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.55
Market cap
$315.8M
Revenue (FY2025)
$25.7M
Revenue growth (7-yr CAGR)
-3.6%
ROIC (10-yr avg)
-326.5%
Free cash flow (FY2025)
-$57.4M

LVWR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $25.7M -$75.1M -$0.37 -$57.4M -294.0% -168.6%
FY2024 $26.6M -$93.9M -$0.46 -$101.9M -414.4% -245.7%
FY2023 $38.0M -$109.5M -$0.54 -$96.9M -305.0% -282.1%
FY2022 $46.8M -$78.9M -$0.46 -$103.8M -181.4% -268.9%
FY2021 $35.8M -$68.3M -$0.42 -$84.5M -190.4% -346.5%
FY2020 $30.9M -$77.6M -$0.48 -$57.0M -249.7% -647.0%
FY2019 — — — — — —

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

Executive summary

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

LiveWire Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -3.3% ROIC.

LiveWire Group, 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, LiveWire Group, Inc. is modeled at -3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.40 per share.

LVWR stock: frequently asked questions

What is the intrinsic value of LiveWire Group, Inc. (LVWR) stock?

Graham's formula only works with positive earnings. LiveWire Group, Inc. reported diluted EPS of -$0.37 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does LiveWire Group, Inc. generate free cash flow?

LiveWire Group, Inc. generated -$57.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is LVWR's return on invested capital?

Average ROIC over the last 7 fiscal years was -326.5%, and average return on equity was -252.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LVWR data come from?

From LiveWire Group, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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