Octave Specialty Group Inc. (OSG) intrinsic value & 10-year financials
Octave Specialty Group Inc. (OSG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 13.1% a year to $143.4M, with an average return on invested capital of -7.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $4.66
- Market cap
- $219.9M
- Revenue (FY2025)
- $143.4M
- Revenue growth (10-yr CAGR)
- -13.1%
- ROIC (10-yr avg)
- -7.4%
- Free cash flow (FY2025)
- —
OSG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $143.4M | -$259.1M | -$5.93 | — | — | -29.8% |
| FY2024 | $92.0M | -$556.1M | -$10.71 | — | — | -39.3% |
| FY2023 | $51.0M | $4.0M | $0.18 | — | — | 0.2% |
| FY2022 | $31.0M | $522.0M | $11.31 | — | — | 20.4% |
| FY2021 | $26.0M | -$17.0M | -$0.61 | — | — | -0.5% |
| FY2020 | $156.0M | -$437.0M | -$9.47 | — | — | -10.8% |
| FY2019 | $496.0M | -$216.0M | -$4.69 | — | — | -4.9% |
| FY2018 | $510.7M | $185.7M | $3.99 | — | — | 6.0% |
| FY2017 | $622.2M | -$328.7M | -$7.25 | — | — | -18.8% |
| FY2016 | $506.8M | $74.8M | $1.64 | — | — | 3.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OCTAVE SPECIALTY GROUP INC is facing top-line stagnation, with revenue contracting over the decade.
OCTAVE SPECIALTY GROUP INC has historically struggled to out-earn its cost of capital, averaging just -7.4% ROIC.
OCTAVE SPECIALTY GROUP INC 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, OCTAVE SPECIALTY GROUP INC is modeled at -13.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.75 per share.