Powell Industries Inc. (POWL) intrinsic value & 10-year financials
Powell Industries Inc. (POWL) has a Graham intrinsic value of $493.59 per share. At $165.14 on Oct 17, 2026, the stock trades 67% below that value. Over the last 10 fiscal years revenue grew 7.7% a year to $1.1B, with an average return on invested capital of 24.5%.
- Graham intrinsic value
- $493.59
- Share price (Oct 17, 2026)
- $165.14
- Price vs Graham value
- 67% below
- Market cap
- $2.0B
- Revenue (FY2025)
- $1.1B
- Revenue growth (10-yr CAGR)
- 7.7%
- ROIC (10-yr avg)
- 24.5%
- Free cash flow (FY2025)
- $154.8M
POWL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | $180.7M | $14.86 | $154.8M | 19.7% | 93.9% |
| FY2024 | $1.0B | $149.8M | $12.29 | $96.7M | 17.7% | 101.9% |
| FY2023 | $699.3M | $54.5M | $4.50 | $174.7M | 8.9% | 33.5% |
| FY2022 | $532.6M | $13.7M | $1.15 | -$6.0M | 1.4% | 3.8% |
| FY2021 | $470.6M | $631.0K | $0.05 | -$33.4M | 0.2% | 0.4% |
| FY2020 | $518.5M | $16.7M | $1.42 | $67.3M | 3.7% | 9.5% |
| FY2019 | $517.2M | $9.9M | $0.85 | $64.5M | 2.2% | 4.1% |
| FY2018 | $448.7M | -$7.2M | -$0.62 | -$33.0M | -2.0% | -3.3% |
| FY2017 | $395.9M | -$9.5M | -$0.83 | $33.2M | -4.9% | -4.4% |
| FY2016 | $565.2M | $15.5M | $1.36 | $71.9M | 2.8% | 5.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
POWELL INDUSTRIES INC has demonstrated mature, steady growth, with revenue compounding at 7.7% annually over the past decade.
POWELL INDUSTRIES INC has earned high returns on invested capital, averaging 24.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
POWELL INDUSTRIES INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, POWELL INDUSTRIES INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $493.59 per share.