Envista Holdings Corp. (NVST) intrinsic value & 10-year financials

Envista Holdings Corp. (NVST) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 0.4% a year to $2.7B, with an average return on invested capital of 0.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$22.90
Market cap
$3.9B
Revenue (FY2025)
$2.7B
Revenue growth (10-yr CAGR)
-0.4%
ROIC (10-yr avg)
0.1%
Free cash flow (FY2025)
$230.4M

NVST 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.7B $47.0M $0.28 $230.4M 7.9% 3.2%
FY2024 $2.5B -$1.1B -$6.50 $302.7M -41.4% -25.2%
FY2023 $2.6B -$100.2M -$0.60 $217.5M 1.2% 0.6%
FY2022 $2.6B $243.1M $1.37 $107.0M 12.4% 5.6%
FY2021 $2.5B $340.5M $1.92 $306.9M 12.2% 6.7%
FY2020 $2.3B $33.3M $0.20 $236.2M 1.5% 0.3%
FY2019 $2.8B $217.6M $1.60 $319.7M 10.1% 4.5%
FY2018 $2.8B $230.7M $1.80 $327.9M 10.5% 4.7%
FY2017 $2.8B $301.1M $2.35 $310.2M 13.8% —
FY2016 — — — — — —

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

Executive summary

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

Envista Holdings Corp has historically struggled to out-earn its cost of capital, averaging just 0.1% ROIC.

Envista Holdings 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, Envista Holdings Corp is modeled at -23.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.23 per share.

NVST stock: frequently asked questions

What is the intrinsic value of Envista Holdings Corp. (NVST) stock?

Graham's formula only works with positive earnings. Envista Holdings Corp. reported diluted EPS of $0.28 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Envista Holdings Corp. generate free cash flow?

Envista Holdings Corp. generated $230.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 9 reported years.

What is NVST's return on invested capital?

Average ROIC over the last 10 fiscal years was 0.1%, and average return on equity was -0.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NVST data come from?

From Envista Holdings Corp.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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