MARKETWISE, Inc. (MKTW) intrinsic value & 10-year financials

MARKETWISE, Inc. (MKTW) has a Graham intrinsic value of $48.83 per share. At $18.01 on Oct 17, 2026, the stock trades 63% below that value. Over the last 8 fiscal years revenue grew 3.6% a year to $328.1M, with an average return on invested capital of -584.7%.

Graham intrinsic value
$48.83
Share price (Oct 17, 2026)
$18.01
Price vs Graham value
63% below
Market cap
$43.9M
Revenue (FY2025)
$328.1M
Revenue growth (8-yr CAGR)
3.6%
ROIC (10-yr avg)
-584.7%
Free cash flow (FY2025)
$45.6M

MKTW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $328.1M $5.6M $2.31 $45.6M 19.1% -46.7%
FY2024 $408.7M $7.1M $0.18 -$22.3M 21.8% -45.2%
FY2023 $448.2M $1.8M $0.05 $62.4M 11.6% -15.4%
FY2022 $510.0M $18.0M $0.73 $48.3M 17.1% -45.5%
FY2021 $547.9M -$1.0B — $63.5M -176.6% 1146.9%
FY2020 $360.8M -$538.4M — $55.6M -149.3% -4502.5%
FY2019 $265.4M $28.0M — $54.0M 9.6% —
FY2018 — — — — — —

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

Executive summary

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

MARKETWISE, INC. has historically struggled to out-earn its cost of capital, averaging just -31.1% ROIC.

MARKETWISE, 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, MARKETWISE, INC. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $48.83 per share.

MKTW stock: frequently asked questions

What is the intrinsic value of MARKETWISE, Inc. (MKTW) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MKTW's intrinsic value is about $48.83 per share.

Is MKTW stock undervalued?

At $18.01 (close on Oct 17, 2026), MKTW trades 63% below its Graham value of $48.83. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does MARKETWISE, Inc. generate free cash flow?

MARKETWISE, Inc. generated $45.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is MKTW's return on invested capital?

Average ROIC over the last 8 fiscal years was -584.7%, and average return on equity was -1047.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MKTW data come from?

From MARKETWISE, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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