Planet Labs Pbc (PL) intrinsic value & 10-year financials

Planet Labs Pbc (PL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 21.5% a year to $307.7M, with an average return on invested capital of -43.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$13.56
Market cap
$4.2B
Revenue (FY2026)
$307.7M
Revenue growth (8-yr CAGR)
21.5%
ROIC (10-yr avg)
-43.2%
Free cash flow (FY2026)
$57.6M

PL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $307.7M -$246.9M -$0.80 $57.6M -30.9% -62.8%
FY2025 $244.4M -$123.2M -$0.42 -$58.7M -47.5% -29.5%
FY2024 $220.7M -$140.5M -$0.50 -$88.7M -76.9% -39.4%
FY2023 $191.3M -$162.0M -$0.61 -$84.4M -91.9% -42.7%
FY2022 $131.2M -$137.1M -$1.72 -$52.5M -97.6% -33.9%
FY2021 $113.2M -$127.1M -$2.87 -$30.1M -77.3% -53.8%
FY2020 $95.7M -$123.7M -$2.89 -$50.4M -111.2% -40.7%
FY2019 — — — — — —

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

Executive summary

Planet Labs PBC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Planet Labs PBC has historically struggled to out-earn its cost of capital, averaging just -43.2% ROIC.

Planet Labs PBC 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, Planet Labs PBC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-26.57 per share.

PL stock: frequently asked questions

What is the intrinsic value of Planet Labs Pbc (PL) stock?

Graham's formula only works with positive earnings. Planet Labs Pbc reported diluted EPS of -$0.80 in fiscal 2026, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Planet Labs Pbc generate free cash flow?

Planet Labs Pbc generated $57.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 1 of the last 7 reported years.

What is PL's return on invested capital?

Average ROIC over the last 8 fiscal years was -43.2%, and average return on equity was -45.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PL data come from?

From Planet Labs Pbc's annual 10-K filings on SEC EDGAR, most recently filed Jun 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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