Marblegate Capital Corp. (MGTE) intrinsic value & 10-year financials

Marblegate Capital Corp. (MGTE) has a Graham intrinsic value of $4.98 per share. At $0.90 on Oct 17, 2026, the stock trades 82% below that value. Over the last 3 fiscal years revenue grew 131.1% a year to $48.5M, with an average return on invested capital of 0.5%.

Graham intrinsic value
$4.98
Share price (Oct 17, 2026)
$0.90
Price vs Graham value
82% below
Market cap
$63.9M
Revenue (FY2025)
$48.5M
Revenue growth (3-yr CAGR)
131.1%
ROIC (10-yr avg)
0.5%
Free cash flow (FY2025)
$922.0K

MGTE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $48.5M -$44.9M -$0.63 $922.0K 1.7% 0.1%
FY2024 $21.0M $9.4M $0.15 $10.3M 29.0% 1.0%
FY2023 — — — — — —

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

Executive summary

Marblegate Capital Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Marblegate Capital Corp has historically struggled to out-earn its cost of capital, averaging just 0.5% ROIC.

Marblegate Capital Corp 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, Marblegate Capital Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.98 per share.

MGTE stock: frequently asked questions

What is the intrinsic value of Marblegate Capital Corp. (MGTE) 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, MGTE's intrinsic value is about $4.98 per share.

Is MGTE stock undervalued?

At $0.90 (close on Oct 17, 2026), MGTE trades 82% below its Graham value of $4.98. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Marblegate Capital Corp. generate free cash flow?

Marblegate Capital Corp. generated $922.0K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 2 reported years.

What is MGTE's return on invested capital?

Average ROIC over the last 3 fiscal years was 0.5%, and average return on equity was -3.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MGTE data come from?

From Marblegate Capital Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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