Perimeter Solutions, Inc. (PRM) intrinsic value & 10-year financials

Perimeter Solutions, Inc. (PRM) has a Graham intrinsic value of $13.62 per share. At $26.54 on Oct 17, 2026, the stock trades 95% above that value. Over the last 8 fiscal years revenue grew 18.2% a year to $652.9M, with an average return on invested capital of 1.4%.

Graham intrinsic value
$13.62
Share price (Oct 17, 2026)
$26.54
Price vs Graham value
95% above
Market cap
$4.0B
Revenue (FY2025)
$652.9M
Revenue growth (8-yr CAGR)
18.2%
ROIC (10-yr avg)
1.4%
Free cash flow (FY2025)
$208.6M

PRM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $652.9M -$206.4M -$1.37 $208.6M -30.8% -11.1%
FY2024 $561.0M -$5.9M -$0.04 $172.9M -0.7% -0.1%
FY2023 $322.1M $67.5M $0.41 -$9.2M 29.3% 5.4%
FY2022 $360.5M $91.8M $0.52 -$48.8M 36.1% 7.6%
FY2021 — — — — — —
FY2020 $339.6M $24.2M $0.46 $63.3M 21.0% 5.2%
FY2019 $239.3M -$42.0M -$0.79 -$9.2M -2.4% —
FY2018 — — — — — —

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

Executive summary

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

Perimeter Solutions, Inc. has historically struggled to out-earn its cost of capital, averaging just 1.4% ROIC.

Perimeter Solutions, 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, Perimeter Solutions, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $13.62 per share.

PRM stock: frequently asked questions

What is the intrinsic value of Perimeter Solutions, Inc. (PRM) 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, PRM's intrinsic value is about $13.62 per share.

Is PRM stock undervalued?

At $26.54 (close on Oct 17, 2026), PRM trades 95% above its Graham value of $13.62. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Perimeter Solutions, Inc. generate free cash flow?

Perimeter Solutions, Inc. generated $208.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 6 reported years.

What is PRM's return on invested capital?

Average ROIC over the last 8 fiscal years was 1.4%, and average return on equity was -1.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PRM data come from?

From Perimeter Solutions, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 31, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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