Petmed Express Inc. (PETS) intrinsic value & 10-year financials
Petmed Express Inc. (PETS) has a Graham intrinsic value of $0.01 per share. At $1.18 on Oct 17, 2026, the stock trades 11700% above that value. Over the last 10 fiscal years revenue shrank 3.6% a year to $179.0M, with an average return on invested capital of -19.7%.
- Graham intrinsic value
- $0.01
- Share price (Oct 17, 2026)
- $1.18
- Price vs Graham value
- 11700% above
- Market cap
- $24.7M
- Revenue (FY2026)
- $179.0M
- Revenue growth (10-yr CAGR)
- -3.6%
- ROIC (10-yr avg)
- -19.7%
- Free cash flow (FY2026)
- -$33.0M
PETS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $179.0M | -$57.3M | -$2.74 | -$33.0M | -32.8% | -304.3% |
| FY2025 | $227.0M | -$6.3M | -$0.30 | -$395.0K | -0.7% | -4.2% |
| FY2024 | $274.1M | -$7.5M | -$0.37 | -$194.0K | -3.0% | -26.3% |
| FY2023 | $247.6M | $233.0K | $0.01 | $22.5M | -0.6% | -3.6% |
| FY2022 | $273.4M | $21.1M | $1.04 | $16.7M | 9.4% | 14.1% |
| FY2021 | $309.2M | $30.6M | $1.52 | $37.6M | 12.2% | 21.6% |
| FY2020 | $284.1M | $25.9M | $1.29 | $36.5M | 10.9% | 17.9% |
| FY2019 | $283.4M | $37.7M | $1.84 | $44.5M | 16.3% | 28.3% |
| FY2018 | $273.8M | $37.3M | $1.82 | $36.7M | 19.0% | 34.6% |
| FY2017 | $249.2M | $23.8M | $1.17 | $36.6M | 15.0% | 25.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PETMED EXPRESS INC is facing top-line stagnation, with revenue contracting over the decade.
PETMED EXPRESS INC returns on capital have been average, hovering around 10.5% ROIC over the decade.
PETMED EXPRESS 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, PETMED EXPRESS INC is modeled at -3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.01 per share.