Lyft, Inc. (LYFT) intrinsic value & 10-year financials

Lyft, Inc. (LYFT) has a Graham intrinsic value of $226.20 per share. At $16.82 on Oct 17, 2026, the stock trades 93% below that value. Over the last 10 fiscal years revenue grew 23.9% a year to $5.9B, with an average return on invested capital of -31.8%.

Graham intrinsic value
$226.20
Share price (Oct 17, 2026)
$16.82
Price vs Graham value
93% below
Market cap
$7.0B
Revenue (FY2025)
$5.9B
Revenue growth (10-yr CAGR)
23.9%
ROIC (10-yr avg)
-31.8%
Free cash flow (FY2025)
—

LYFT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.9B $2.8B $6.81 — -3.2% -4.5%
FY2024 $5.4B $22.8M $0.06 — -2.2% -11.5%
FY2023 $4.1B -$340.3M -$0.88 — -11.6% -43.5%
FY2022 $3.8B -$1.6B -$4.47 — -38.3% -96.7%
FY2021 $3.0B -$1.0B -$3.02 — -36.6% -51.8%
FY2020 $2.2B -$1.8B -$5.61 — -81.9% -68.0%
FY2019 $3.6B -$2.6B -$11.44 — -74.7% -93.9%
FY2018 $2.2B -$911.3M — — -45.3% 40.3%
FY2017 $1.1B -$688.3M — — -66.8% 43.1%
FY2016 — — — — — —

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

Executive summary

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

Lyft, Inc. has historically struggled to out-earn its cost of capital, averaging just -31.8% ROIC.

Lyft, 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, Lyft, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $226.20 per share.

LYFT stock: frequently asked questions

What is the intrinsic value of Lyft, Inc. (LYFT) 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, LYFT's intrinsic value is about $226.20 per share.

Is LYFT stock undervalued?

At $16.82 (close on Oct 17, 2026), LYFT trades 93% below its Graham value of $226.20. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is LYFT's return on invested capital?

Average ROIC over the last 10 fiscal years was -31.8%, and average return on equity was 3343.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LYFT data come from?

From Lyft, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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