Dave & Buster's Entertainment, Inc. (PLAY) intrinsic value & 10-year financials
Dave & Buster's Entertainment, Inc. (PLAY) has a Graham intrinsic value of $30.86 per share. At $7.60 on Oct 17, 2026, the stock trades 75% below that value. Over the last 10 fiscal years revenue grew 8.6% a year to $2.1B, with an average return on invested capital of 8.0%.
- Graham intrinsic value
- $30.86
- Share price (Oct 17, 2026)
- $7.60
- Price vs Graham value
- 75% below
- Market cap
- $263.5M
- Revenue (FY2026)
- $2.1B
- Revenue growth (10-yr CAGR)
- 8.6%
- ROIC (10-yr avg)
- 8.0%
- Free cash flow (FY2026)
- -$100.6M
PLAY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.1B | -$48.7M | -$1.40 | -$100.6M | 4.1% | 1.9% |
| FY2025 | $2.1B | $58.3M | $1.46 | -$217.9M | 10.3% | 5.9% |
| FY2024 | $2.2B | $126.9M | $2.88 | $34.0M | 13.9% | 7.8% |
| FY2023 | $2.0B | $137.1M | $2.79 | $210.2M | 13.4% | 8.3% |
| FY2022 | $1.3B | $108.6M | $2.21 | $190.9M | 14.4% | 8.0% |
| FY2021 | $436.5M | -$207.0M | -$4.75 | -$132.2M | -57.9% | -9.0% |
| FY2020 | $1.4B | $100.3M | $2.94 | $60.9M | 10.9% | 8.4% |
| FY2019 | $1.3B | $117.2M | $2.93 | $121.3M | 12.7% | 16.7% |
| FY2018 | $1.1B | $120.9M | $2.84 | $44.8M | 14.5% | 17.7% |
| FY2017 | $1.0B | $90.8M | $2.10 | $50.8M | 15.0% | 13.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Dave & Buster's Entertainment, Inc. is a consistent compounder, expanding top-line revenue at 8.5% annually over the past decade.
Dave & Buster's Entertainment, Inc. returns on capital have been average, hovering around 8.0% ROIC over the decade.
Over the decade, Dave & Buster's Entertainment, Inc. shows that management has aggressively returned capital to shareholders by retiring 19.9% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dave & Buster's Entertainment, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $30.86 per share.