Parsons Corp. (PSN) intrinsic value & 10-year financials

Parsons Corp. (PSN) has a Graham intrinsic value of $47.75 per share. At $44.15 on Oct 17, 2026, the stock trades 8% below that value. Over the last 10 fiscal years revenue grew 9.8% a year to $6.4B, with an average return on invested capital of 4.7%.

Graham intrinsic value
$47.75
Share price (Oct 17, 2026)
$44.15
Price vs Graham value
8% below
Market cap
$4.8B
Revenue (FY2025)
$6.4B
Revenue growth (10-yr CAGR)
9.8%
ROIC (10-yr avg)
4.7%
Free cash flow (FY2025)
$410.4M

PSN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.4B $241.1M $2.20 $410.4M 6.6% 9.4%
FY2024 $6.8B $235.1M $2.12 $474.4M 6.3% 10.4%
FY2023 $5.4B $161.1M $1.42 $367.3M 5.3% 7.7%
FY2022 $4.2B $96.7M $0.87 $206.9M 4.4% 5.3%
FY2021 $3.7B $64.1M $0.59 $184.5M 3.6% 4.4%
FY2020 $3.9B $98.5M $0.97 $255.1M 4.5% 6.2%
FY2019 $4.0B $120.5M $1.30 $152.6M 2.3% 17.0%
FY2018 $3.6B $222.3M $2.78 $255.4M 5.8% -23.0%
FY2017 $3.0B $97.3M $1.16 $237.1M 5.0% —
FY2016 — — — — — —

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

Executive summary

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

PERSIMMON PLC has historically struggled to out-earn its cost of capital, averaging just 4.7% ROIC.

PERSIMMON PLC 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, PERSIMMON PLC is modeled at 8.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $47.75 per share.

PSN stock: frequently asked questions

What is the intrinsic value of Parsons Corp. (PSN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PSN's intrinsic value is about $47.75 per share.

Is PSN stock undervalued?

At $44.15 (close on Oct 17, 2026), PSN trades 8% below its Graham value of $47.75. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Parsons Corp. generate free cash flow?

Parsons Corp. generated $410.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 9 reported years.

What is PSN's return on invested capital?

Average ROIC over the last 10 fiscal years was 4.7%, and average return on equity was 5.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PSN data come from?

From Parsons Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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