Newegg Commerce, Inc. (NEGG) intrinsic value & 10-year financials

Newegg Commerce, Inc. (NEGG) has a Graham intrinsic value of $10.47 per share. At $10.90 on Oct 17, 2026, the stock trades 4% above that value. Over the last 4 fiscal years revenue grew 4.4% a year to $21.4M, with an average return on invested capital of 15.7%.

Graham intrinsic value
$10.47
Share price (Oct 17, 2026)
$10.90
Price vs Graham value
4% above
Market cap
$50.2M
Revenue (FY2012)
$21.4M
Revenue growth (4-yr CAGR)
4.4%
ROIC (10-yr avg)
15.7%
Free cash flow (FY2012)
—

NEGG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2012 $21.4M $3.2M $0.70 — 20.5% 11.3%
FY2011 $21.6M $3.1M $0.69 — 16.7% 11.2%
FY2010 $19.6M $4.5M $1.09 — 26.2% 24.7%
FY2009 — — — — — —

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

Executive summary

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

Newegg Commerce, Inc. has earned high returns on invested capital, averaging 15.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Newegg Commerce, 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, Newegg Commerce, Inc. is modeled at 4.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.47 per share.

NEGG stock: frequently asked questions

What is the intrinsic value of Newegg Commerce, Inc. (NEGG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, NEGG's intrinsic value is about $10.47 per share.

Is NEGG stock undervalued?

At $10.90 (close on Oct 17, 2026), NEGG trades 4% above its Graham value of $10.47. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

What is NEGG's return on invested capital?

Average ROIC over the last 4 fiscal years was 15.7%, and average return on equity was 16.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NEGG data come from?

From Newegg Commerce, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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