Park Hotels & Resorts Inc. (PK) intrinsic value & 10-year financials
Park Hotels & Resorts Inc. (PK) has a Graham intrinsic value of $6.05 per share. At $15.91 on Oct 17, 2026, the stock trades 163% above that value. Over the last 10 fiscal years revenue shrank 0.8% a year to $2.5B, with an average return on invested capital of 1.7%.
- Graham intrinsic value
- $6.05
- Share price (Oct 17, 2026)
- $15.91
- Price vs Graham value
- 163% above
- Market cap
- $3.2B
- Revenue (FY2025)
- $2.5B
- Revenue growth (10-yr CAGR)
- -0.8%
- ROIC (10-yr avg)
- 1.7%
- Free cash flow (FY2025)
- $102.0M
PK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.5B | -$283.0M | -$1.43 | $102.0M | -1.3% | -0.5% |
| FY2024 | $2.6B | $212.0M | $1.01 | $202.0M | 15.0% | 5.6% |
| FY2023 | $2.7B | $97.0M | $0.44 | $218.0M | 12.7% | 3.5% |
| FY2022 | $2.5B | $162.0M | $0.71 | $241.0M | 11.8% | 3.8% |
| FY2021 | $1.4B | -$459.0M | -$1.95 | -$191.0M | -13.1% | -2.0% |
| FY2020 | $852.0M | -$1.4B | -$6.11 | -$524.0M | -141.1% | -12.5% |
| FY2019 | $2.8B | $306.0M | $1.44 | $259.0M | 15.0% | 4.2% |
| FY2018 | $2.7B | $472.0M | $2.31 | $256.0M | 18.4% | 5.7% |
| FY2017 | $2.8B | $2.6B | $12.21 | $468.0M | 13.3% | 4.9% |
| FY2016 | $2.7B | $133.0M | $0.67 | $172.0M | 15.4% | 4.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Park Hotels & Resorts Inc. is facing top-line stagnation, with revenue contracting over the decade.
Park Hotels & Resorts Inc. has historically struggled to out-earn its cost of capital, averaging just 1.7% ROIC.
Park Hotels & Resorts 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, Park Hotels & Resorts Inc. is modeled at -0.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.05 per share.