Mbia Inc. (MBI) intrinsic value & 10-year financials
Mbia Inc. (MBI) has a Graham intrinsic value of $85.25 per share. At $4.41 on Oct 17, 2026, the stock trades 95% below that value. Over the last 10 fiscal years revenue shrank 18.1% a year to $80.0M, with an average return on invested capital of 50.8%.
- Graham intrinsic value
- $85.25
- Share price (Oct 17, 2026)
- $4.41
- Price vs Graham value
- 95% below
- Market cap
- $217.3M
- Revenue (FY2025)
- $80.0M
- Revenue growth (10-yr CAGR)
- -18.1%
- ROIC (10-yr avg)
- 50.8%
- Free cash flow (FY2025)
- —
MBI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $80.0M | -$177.0M | -$3.58 | — | — | 7.7% |
| FY2024 | $42.0M | -$447.0M | -$9.43 | — | — | 25.5% |
| FY2023 | $7.0M | -$491.0M | -$10.18 | -$195.0M | — | 36.5% |
| FY2022 | $154.0M | -$195.0M | -$3.92 | -$418.0M | — | 20.7% |
| FY2021 | $189.0M | -$445.0M | -$8.99 | $510.0M | — | 502.8% |
| FY2020 | $282.0M | -$578.0M | -$9.78 | -$390.0M | — | -19.3% |
| FY2019 | $280.0M | -$359.0M | -$4.43 | -$368.0M | — | -11.8% |
| FY2018 | $317.0M | -$296.0M | -$3.33 | -$320.0M | — | -9.1% |
| FY2017 | $370.0M | -$1.6B | -$13.50 | -$653.0M | — | -38.2% |
| FY2016 | $480.0M | -$338.0M | -$2.54 | -$150.0M | — | -6.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MBIA INC is facing top-line stagnation, with revenue contracting over the decade.
MBIA INC has historically struggled to out-earn its cost of capital, averaging just 1.0% ROIC.
Over the decade, MBIA INC shows that management has aggressively returned capital to shareholders by retiring 62.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MBIA INC is modeled at -18.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $85.25 per share.