Nuvve Holding Corp. (NVVE) intrinsic value & 10-year financials

Nuvve Holding Corp. (NVVE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 2.6% a year to $4.8M, with an average return on invested capital of -341.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.99
Market cap
$403.4K
Revenue (FY2025)
$4.8M
Revenue growth (7-yr CAGR)
2.6%
ROIC (10-yr avg)
-341.4%
Free cash flow (FY2025)
-$16.7M

NVVE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.8M -$30.8M -$75.65 -$16.7M -671.3% -1028.2%
FY2024 $5.3M -$17.4M -$26.92 -$15.8M -387.1% -218.8%
FY2023 $8.3M -$31.3M -$40.36 -$21.4M -385.3% -236.6%
FY2022 $5.4M -$24.0M -$1.19 -$34.5M -687.0% -109.4%
FY2021 $4.2M -$27.0M -$1.64 -$29.5M -649.8% -104.2%
FY2020 $4.2M -$4.9M -$0.55 -$3.1M -111.3% -351.2%
FY2019 — — — — — —

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

Executive summary

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

Nuvve Holding Corp. has historically struggled to out-earn its cost of capital, averaging just -38.7% ROIC.

Nuvve Holding 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, Nuvve Holding Corp. is modeled at 2.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-898.07 per share.

NVVE stock: frequently asked questions

What is the intrinsic value of Nuvve Holding Corp. (NVVE) stock?

Graham's formula only works with positive earnings. Nuvve Holding Corp. reported diluted EPS of -$75.65 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Nuvve Holding Corp. generate free cash flow?

Nuvve Holding Corp. generated -$16.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is NVVE's return on invested capital?

Average ROIC over the last 7 fiscal years was -341.4%, and average return on equity was 1.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NVVE data come from?

From Nuvve Holding Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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