Provident Financial Services Inc. (PFS) intrinsic value & 10-year financials
Provident Financial Services Inc. (PFS) has a Graham intrinsic value of $37.44 per share. At $22.23 on Oct 17, 2026, the stock trades 41% below that value. Over the last 10 fiscal years revenue grew 8.2% a year to $73.1M, with an average return on invested capital of 8.0%.
- Graham intrinsic value
- $37.44
- Share price (Oct 17, 2026)
- $22.23
- Price vs Graham value
- 41% below
- Market cap
- $2.9B
- Revenue (FY2025)
- $73.1M
- Revenue growth (10-yr CAGR)
- 8.2%
- ROIC (10-yr avg)
- 8.0%
- Free cash flow (FY2025)
- $430.7M
PFS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $73.1M | $291.2M | $2.23 | $430.7M | — | — |
| FY2024 | $68.3M | $115.5M | $1.05 | $425.1M | — | — |
| FY2023 | $57.5M | $128.4M | $1.71 | $165.9M | — | — |
| FY2022 | $55.0M | $175.6M | $2.35 | $190.9M | — | — |
| FY2021 | $57.6M | $167.9M | $2.19 | $144.4M | — | — |
| FY2020 | $45.5M | $97.0M | $1.39 | $94.1M | — | — |
| FY2019 | $41.4M | $112.6M | $1.74 | $132.0M | — | — |
| FY2018 | $37.3M | $118.4M | $1.82 | $152.6M | — | — |
| FY2017 | $36.5M | $93.9M | $1.45 | $114.0M | — | — |
| FY2016 | $35.9M | $87.8M | $1.38 | $122.3M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PROVIDENT FINANCIAL SERVICES INC is a consistent compounder, expanding top-line revenue at 8.2% annually over the past decade.
PROVIDENT FINANCIAL SERVICES INC 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
PROVIDENT FINANCIAL SERVICES 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, PROVIDENT FINANCIAL SERVICES INC is modeled at 5.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $37.44 per share.