O-I Glass, Inc. /DE/ (OI) intrinsic value & 10-year financials
O-I Glass, Inc. /DE/ (OI) has a Graham intrinsic value of $23.94 per share. At $5.83 on Oct 17, 2026, the stock trades 76% below that value. Over the last 10 fiscal years revenue shrank 0.5% a year to $6.4B, with an average return on invested capital of 2.4%.
- Graham intrinsic value
- $23.94
- Share price (Oct 17, 2026)
- $5.83
- Price vs Graham value
- 76% below
- Market cap
- $895.2M
- Revenue (FY2025)
- $6.4B
- Revenue growth (10-yr CAGR)
- -0.5%
- ROIC (10-yr avg)
- 2.4%
- Free cash flow (FY2025)
- $168.0M
OI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.4B | -$129.0M | -$0.84 | $168.0M | — | -2.4% |
| FY2024 | $6.5B | -$106.0M | -$0.69 | -$128.0M | 0.6% | 0.4% |
| FY2023 | $7.1B | -$103.0M | -$0.67 | $130.0M | 0.9% | 0.6% |
| FY2022 | $6.9B | $584.0M | $3.67 | -$385.0M | 11.7% | 12.2% |
| FY2021 | $6.4B | $149.0M | $0.93 | $289.0M | 5.2% | 3.5% |
| FY2020 | $6.1B | $249.0M | $1.57 | $146.0M | 5.8% | 5.1% |
| FY2019 | $6.7B | -$400.0M | -$2.58 | -$21.0M | — | -7.3% |
| FY2018 | $6.9B | $257.0M | $1.59 | $255.0M | — | 4.7% |
| FY2017 | $6.9B | $180.0M | $1.10 | $280.0M | — | 3.5% |
| FY2016 | $6.7B | $209.0M | $1.28 | $297.0M | — | 4.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
O-I Glass, Inc. /DE/ is facing top-line stagnation, with revenue contracting over the decade.
O-I Glass, Inc. /DE/ has historically struggled to out-earn its cost of capital, averaging just 2.4% ROIC.
O-I Glass, Inc. /DE/ has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, O-I Glass, Inc. /DE/ is modeled at -0.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.94 per share.