Planet 13 Holdings Inc. (PLNH) intrinsic value & 10-year financials

Planet 13 Holdings Inc. (PLNH) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue shrank 3.6% a year to $103.4M, with an average return on invested capital of -37.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.11
Revenue (FY2025)
$103.4M
Revenue growth (6-yr CAGR)
-3.6%
ROIC (10-yr avg)
-37.1%
Free cash flow (FY2025)
-$20.8M

PLNH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $103.4M -$63.9M — -$20.8M — -52.0%
FY2024 $116.4M -$47.8M — -$6.8M — -35.6%
FY2023 $98.5M -$73.6M — -$20.4M — -51.1%
FY2022 $104.6M -$49.0M — -$12.9M — -32.5%
FY2021 $119.5M -$19.5M — -$26.3M — -14.3%
FY2020 — — — — — —

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

Executive summary

Planet 13 Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Planet 13 Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just -37.1% ROIC.

Planet 13 Holdings 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, Planet 13 Holdings Inc. is modeled at -3.6% normalized earnings growth with a 5.1% bond-yield adjustment.

PLNH stock: frequently asked questions

Does Planet 13 Holdings Inc. generate free cash flow?

Planet 13 Holdings Inc. generated -$20.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is PLNH's return on invested capital?

Average ROIC over the last 6 fiscal years was -37.1%, and average return on equity was -42.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PLNH data come from?

From Planet 13 Holdings Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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