Op Bancorp (OPBK) intrinsic value & 10-year financials
Op Bancorp (OPBK) has a Graham intrinsic value of $54.07 per share. At $14.75 on Oct 17, 2026, the stock trades 73% below that value. Over the last 10 fiscal years revenue grew 10.8% a year to $3.2M, with an average return on invested capital of 12.8%.
- Graham intrinsic value
- $54.07
- Share price (Oct 17, 2026)
- $14.75
- Price vs Graham value
- 73% below
- Market cap
- $219.9M
- Revenue (FY2025)
- $3.2M
- Revenue growth (10-yr CAGR)
- 10.8%
- ROIC (10-yr avg)
- 12.8%
- Free cash flow (FY2025)
- $23.4M
OPBK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.2M | $25.6M | $1.72 | $23.4M | — | 11.8% |
| FY2024 | $3.3M | $21.1M | $1.39 | $29.8M | — | 10.6% |
| FY2023 | $2.1M | $23.9M | $1.55 | $65.7M | — | 12.9% |
| FY2022 | $1.7M | $33.3M | $2.14 | $82.3M | — | 19.5% |
| FY2021 | $1.6M | $28.8M | $1.88 | -$29.4M | — | 18.7% |
| FY2020 | $1.1M | $13.1M | $0.85 | -$5.6M | — | 9.2% |
| FY2019 | $2.0M | $16.8M | $1.03 | $16.4M | — | 12.4% |
| FY2018 | $1.9M | $14.3M | $0.89 | $29.4M | — | 12.9% |
| FY2017 | $1.7M | $9.2M | $0.66 | -$2.6M | — | 10.7% |
| FY2016 | $1.3M | $7.4M | $0.53 | $10.3M | — | 9.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OP Bancorp is a consistent compounder, expanding top-line revenue at 10.8% annually over the past decade.
OP Bancorp returns on capital have been average, hovering around 12.8% ROIC over the decade.
OP Bancorp 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, OP Bancorp is modeled at 14.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $54.07 per share.