N-able, Inc. (NABL) intrinsic value & 10-year financials
N-able, Inc. (NABL) has a Graham intrinsic value of $4.40 per share. At $4.48 on Oct 17, 2026, the stock trades 2% above that value. Over the last 8 fiscal years revenue grew 11.7% a year to $511.4M, with an average return on invested capital of 3.1%.
- Graham intrinsic value
- $4.40
- Share price (Oct 17, 2026)
- $4.48
- Price vs Graham value
- 2% above
- Market cap
- $841.4M
- Revenue (FY2025)
- $511.4M
- Revenue growth (8-yr CAGR)
- 11.7%
- ROIC (10-yr avg)
- 3.1%
- Free cash flow (FY2025)
- $75.1M
NABL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $511.4M | -$17.0M | -$0.09 | $75.1M | 7.2% | 1.7% |
| FY2024 | $466.1M | $31.0M | $0.16 | $61.9M | 17.7% | 4.8% |
| FY2023 | $421.9M | $23.4M | $0.13 | $76.3M | 16.7% | 4.0% |
| FY2022 | $371.8M | $16.7M | $0.09 | $58.6M | 12.7% | 2.8% |
| FY2021 | $346.5M | $113.0K | $0.00 | $14.7M | 9.6% | 2.3% |
| FY2020 | $302.9M | -$7.2M | -$0.05 | $73.7M | 11.1% | 3.1% |
| FY2019 | $263.5M | -$2.5M | -$0.02 | $19.7M | 13.9% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
N-able, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
N-able, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.1% ROIC.
N-able, 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, N-able, Inc. is modeled at 11.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.40 per share.