Palantir Technologies Inc. (PLTR) intrinsic value & 10-year financials

Palantir Technologies Inc. (PLTR) has a Graham intrinsic value of $20.93 per share. At $186.03 on Oct 17, 2026, the stock trades 789% above that value. Over the last 9 fiscal years revenue grew 33.4% a year to $4.5B, with an average return on invested capital of -63.3%.

Graham intrinsic value
$20.93
Share price (Oct 17, 2026)
$186.03
Price vs Graham value
789% above
Market cap
$477.2B
Revenue (FY2025)
$4.5B
Revenue growth (9-yr CAGR)
33.4%
ROIC (10-yr avg)
-63.3%
Free cash flow (FY2025)
$2.1B

PLTR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.5B $1.6B $0.63 $2.1B 31.6% 30.2%
FY2024 $2.9B $462.2M $0.19 $1.1B 10.8% 10.0%
FY2023 $2.2B $209.8M $0.09 $697.1M 5.4% 7.3%
FY2022 $1.9B -$373.7M -$0.18 $183.7M -8.5% -82.3%
FY2021 $1.5B -$520.4M -$0.27 $321.2M -26.7% -515.4%
FY2020 $1.1B -$1.2B -$0.60 -$308.8M -107.4% 85.2%
FY2019 $742.6M -$579.6M -$0.51 -$178.3M -77.6% 21.6%
FY2018 $595.4M -$580.0M -$0.58 -$52.0M -104.7% —
FY2017 — — — — — —

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

Executive summary

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

Palantir Technologies Inc. returns on capital have been average, hovering around 9.6% ROIC over the decade.

Palantir Technologies 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, Palantir Technologies Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.93 per share.

PLTR stock: frequently asked questions

What is the intrinsic value of Palantir Technologies Inc. (PLTR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PLTR's intrinsic value is about $20.93 per share.

Is PLTR stock undervalued?

At $186.03 (close on Oct 17, 2026), PLTR trades 789% above its Graham value of $20.93. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Palantir Technologies Inc. generate free cash flow?

Palantir Technologies Inc. generated $2.1B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 8 reported years.

What is PLTR's return on invested capital?

Average ROIC over the last 9 fiscal years was -63.3%, and average return on equity was 72.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PLTR data come from?

From Palantir Technologies 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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