Primo Brands Corp. (PRMB) intrinsic value & 10-year financials

Primo Brands Corp. (PRMB) has a Graham intrinsic value of $5.17 per share. At $19.72 on Oct 17, 2026, the stock trades 281% above that value. Over the last 5 fiscal years revenue grew 14.5% a year to $6.7B, with an average return on invested capital of 5.1%.

Graham intrinsic value
$5.17
Share price (Oct 17, 2026)
$19.72
Price vs Graham value
281% above
Market cap
$7.4B
Revenue (FY2025)
$6.7B
Revenue growth (5-yr CAGR)
14.5%
ROIC (10-yr avg)
5.1%
Free cash flow (FY2025)
$302.9M

PRMB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.7B $60.1M $0.16 $302.9M 6.5% 2.8%
FY2024 $5.2B -$16.4M -$0.07 $313.6M 7.0% 3.2%
FY2023 $4.7B $92.8M $0.29 $117.3M 8.6% 9.3%
FY2022 $4.4B -$126.7M -$0.74 -$150.2M 0.5% —
FY2021 — — — — — —

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

Executive summary

Primo Brands Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Primo Brands Corp has historically struggled to out-earn its cost of capital, averaging just 5.1% ROIC.

Primo Brands Corp 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, Primo Brands Corp is modeled at 14.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.17 per share.

PRMB stock: frequently asked questions

What is the intrinsic value of Primo Brands Corp. (PRMB) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 14.5% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PRMB's intrinsic value is about $5.17 per share.

Is PRMB stock undervalued?

At $19.72 (close on Oct 17, 2026), PRMB trades 281% above its Graham value of $5.17. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Primo Brands Corp. generate free cash flow?

Primo Brands Corp. generated $302.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 4 reported years.

What is PRMB's return on invested capital?

Average ROIC over the last 5 fiscal years was 5.1%, and average return on equity was 20.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PRMB data come from?

From Primo Brands Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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