McGraw Hill, Inc. (MH) intrinsic value & 10-year financials

McGraw Hill, Inc. (MH) has a Graham intrinsic value of $2.56 per share. Over the last 4 fiscal years revenue grew 3.6% a year to $2.1B, with an average return on invested capital of 6.0%.

Graham intrinsic value
$2.56
Revenue (FY2026)
$2.1B
Revenue growth (4-yr CAGR)
3.6%
ROIC (10-yr avg)
6.0%
Free cash flow (FY2026)
$246.3M

MH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $2.1B $35.3M $0.19 $246.3M 13.2% 7.1%
FY2025 $2.1B -$85.8M -$0.52 $575.2M 14.6% 4.9%
FY2024 $2.0B -$193.0M -$1.16 $154.2M 7.9% —
FY2023 — — — — — —

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

Executive summary

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

McGraw Hill, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.0% ROIC.

McGraw Hill, 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, McGraw Hill, Inc. is modeled at 3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.56 per share.

MH stock: frequently asked questions

What is the intrinsic value of McGraw Hill, Inc. (MH) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 3.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MH's intrinsic value is about $2.56 per share.

Does McGraw Hill, Inc. generate free cash flow?

McGraw Hill, Inc. generated $246.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 3 of the last 3 reported years.

What is MH's return on invested capital?

Average ROIC over the last 4 fiscal years was 6.0%, and average return on equity was -20.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MH data come from?

From McGraw Hill, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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