Polar Power, Inc. (POLA) intrinsic value & 10-year financials
Polar Power, Inc. (POLA) has a Graham intrinsic value of $56.12 per share. At $0.84 on Oct 17, 2026, the stock trades 99% below that value. Over the last 10 fiscal years revenue shrank 13.3% a year to $6.3M, with an average return on invested capital of -18.9%.
- Graham intrinsic value
- $56.12
- Share price (Oct 17, 2026)
- $0.84
- Price vs Graham value
- 99% below
- Market cap
- $2.1M
- Revenue (FY2025)
- $6.3M
- Revenue growth (10-yr CAGR)
- -13.3%
- ROIC (10-yr avg)
- -18.9%
- Free cash flow (FY2025)
- —
POLA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.3M | -$9.1M | -$3.59 | — | -133.6% | — |
| FY2024 | $14.0M | -$4.7M | -$1.86 | -$555.0K | -31.3% | -40.6% |
| FY2023 | $15.3M | -$6.5M | -$0.49 | -$3.6M | -39.2% | -39.7% |
| FY2022 | $16.1M | -$5.6M | -$0.43 | -$6.5M | -34.5% | -30.3% |
| FY2021 | $16.9M | -$1.4M | — | -$9.5M | -18.3% | -9.3% |
| FY2020 | $9.0M | -$10.9M | — | -$6.6M | -143.5% | -71.0% |
| FY2019 | $24.8M | -$4.0M | — | -$2.5M | -16.1% | -21.9% |
| FY2018 | $24.0M | -$848.3K | — | -$8.4M | -4.6% | -6.4% |
| FY2017 | $14.4M | -$757.4K | — | -$1.9M | -5.6% | -9.0% |
| FY2016 | $22.8M | $4.4M | — | $462.0K | 32.5% | 57.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Polar Power, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Polar Power, Inc. has historically struggled to out-earn its cost of capital, averaging just -18.9% ROIC.
Polar Power, 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, Polar Power, Inc. is modeled at -13.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $56.12 per share.