PennyMac Financial Services, Inc. (PFSI) intrinsic value & 10-year financials
PennyMac Financial Services, Inc. (PFSI) has a Graham intrinsic value of $287.24 per share. At $60.32 on Oct 17, 2026, the stock trades 79% below that value. Over the last 10 fiscal years revenue grew 22.2% a year to $20.1M, with an average return on invested capital of 5.7%.
- Graham intrinsic value
- $287.24
- Share price (Oct 17, 2026)
- $60.32
- Price vs Graham value
- 79% below
- Market cap
- $3.3B
- Revenue (FY2025)
- $20.1M
- Revenue growth (10-yr CAGR)
- 22.2%
- ROIC (10-yr avg)
- 5.7%
- Free cash flow (FY2025)
- -$1.7B
PFSI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $20.1M | $501.1M | $9.30 | -$1.7B | — | 5.3% |
| FY2024 | $26.9M | $311.4M | $5.84 | -$4.5B | — | 3.9% |
| FY2023 | $13.4M | $144.7M | $2.74 | -$1.6B | — | 2.2% |
| FY2022 | $12.4M | $475.5M | $8.50 | $6.0B | — | 7.9% |
| FY2021 | $7.3M | $1.0B | $14.87 | $2.6B | — | 16.2% |
| FY2020 | $6.7M | $1.6B | $20.92 | -$6.2B | — | — |
| FY2019 | $8.9M | $393.0M | $4.89 | -$2.3B | — | 5.8% |
| FY2018 | $9.3M | $87.7M | $2.59 | $559.0M | — | 1.8% |
| FY2017 | $3.7M | $100.8M | $4.03 | -$890.2M | — | 2.2% |
| FY2016 | $3.3M | $66.1M | $2.94 | -$960.2M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PennyMac Financial Services, Inc. is a consistent compounder, expanding top-line revenue at 22.2% annually over the past decade.
PennyMac Financial Services, Inc. has historically struggled to out-earn its cost of capital, averaging just 5.7% ROIC.
Over the decade, PennyMac Financial Services, Inc. shows that management has aggressively returned capital to shareholders by retiring 29.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PennyMac Financial Services, Inc. is modeled at 13.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $287.24 per share.