Pineapple Financial Inc. (PAPL) intrinsic value & 10-year financials
Pineapple Financial Inc. (PAPL) has a Graham intrinsic value of $16.40 per share. At $0.89 on Oct 17, 2026, the stock trades 95% below that value. Over the last 5 fiscal years revenue shrank 6.0% a year to $3.0M, with an average return on invested capital of -328.6%.
- Graham intrinsic value
- $16.40
- Share price (Oct 17, 2026)
- $0.89
- Price vs Graham value
- 95% below
- Market cap
- $592.6K
- Revenue (FY2025)
- $3.0M
- Revenue growth (5-yr CAGR)
- -6.0%
- ROIC (10-yr avg)
- -328.6%
- Free cash flow (FY2025)
- —
PAPL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.0M | -$3.6M | -$5.31 | — | -98.7% | -778.3% |
| FY2024 | $2.7M | -$4.1M | -$0.57 | -$1.7M | -142.2% | -226.7% |
| FY2023 | $2.5M | -$2.8M | -$0.45 | -$2.2M | -111.2% | -148.5% |
| FY2022 | $3.6M | -$2.8M | -$0.45 | -$2.1M | — | -160.7% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Pineapple Financial Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Pineapple Financial Inc. has historically struggled to out-earn its cost of capital, averaging just -40.0% ROIC.
Pineapple Financial Inc. 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, Pineapple Financial Inc. is modeled at -6.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $16.40 per share.