PINTEREST, Inc. (PINS) intrinsic value & 10-year financials

PINTEREST, Inc. (PINS) has a Graham intrinsic value of $12.17 per share. At $21.91 on Oct 17, 2026, the stock trades 80% above that value. Over the last 10 fiscal years revenue grew 31.5% a year to $4.2B, with an average return on invested capital of -32.3%.

Graham intrinsic value
$12.17
Share price (Oct 17, 2026)
$21.91
Price vs Graham value
80% above
Market cap
$15.1B
Revenue (FY2025)
$4.2B
Revenue growth (10-yr CAGR)
31.5%
ROIC (10-yr avg)
-32.3%
Free cash flow (FY2025)
$1.3B

PINS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.2B $416.9M $0.61 $1.3B 7.6% 7.7%
FY2024 $3.6B $1.9B $2.67 $940.0M 4.9% 6.4%
FY2023 $3.1B -$35.6M -$0.05 $604.9M -4.1% -6.7%
FY2022 $2.8B -$96.0M -$0.14 $440.2M -3.6% -5.5%
FY2021 $2.6B $316.4M $0.46 $743.9M 12.7% 18.2%
FY2020 $1.7B -$128.3M -$0.22 $11.4M -8.4% -8.7%
FY2019 $1.1B -$1.4B -$3.24 -$33.1M -121.5% -282.9%
FY2018 $755.9M -$63.0M — -$82.6M -9.9% 13.2%
FY2017 $472.9M -$130.0M — -$144.1M -29.2% —
FY2016 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

PINTEREST, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

PINTEREST, INC. has historically struggled to out-earn its cost of capital, averaging just 2.7% ROIC.

PINTEREST, 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, PINTEREST, INC. is modeled at 7.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.17 per share.

PINS stock: frequently asked questions

What is the intrinsic value of PINTEREST, Inc. (PINS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 7.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PINS's intrinsic value is about $12.17 per share.

Is PINS stock undervalued?

At $21.91 (close on Oct 17, 2026), PINS trades 80% above its Graham value of $12.17. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does PINTEREST, Inc. generate free cash flow?

PINTEREST, Inc. generated $1.3B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 9 reported years.

What is PINS's return on invested capital?

Average ROIC over the last 10 fiscal years was -32.3%, and average return on equity was -10.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PINS data come from?

From PINTEREST, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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