Peloton INTERACTIVE, Inc. (PTON) intrinsic value & 10-year financials

Peloton INTERACTIVE, Inc. (PTON) has a Graham intrinsic value of $4.65 per share. At $5.22 on Oct 17, 2026, the stock trades 12% above that value. Over the last 10 fiscal years revenue grew 24.1% a year to $2.4B, with an average return on invested capital of -22.1%.

Graham intrinsic value
$4.65
Share price (Oct 17, 2026)
$5.22
Price vs Graham value
12% above
Market cap
$2.3B
Revenue (FY2026)
$2.4B
Revenue growth (10-yr CAGR)
24.1%
ROIC (10-yr avg)
-22.1%
Free cash flow (FY2026)
$377.7M

PTON 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $2.4B $63.2M $0.14 $377.7M 6.6% 30.8%
FY2025 $2.5B -$118.9M -$0.30 $323.7M -1.5% -4.7%
FY2024 $2.7B -$551.9M -$1.51 -$85.8M -19.6% -313.0%
FY2023 $2.8B -$1.3B -$3.64 -$470.0M -42.8% 549.4%
FY2022 $3.6B -$2.8B -$8.77 -$2.4B -76.3% -416.9%
FY2021 $4.0B -$189.0M -$0.64 -$480.7M -4.7% -15.0%
FY2020 $1.8B -$71.6M -$0.32 $220.0M -4.4% -35.9%
FY2019 $915.0M -$195.6M -$1.07 -$191.6M -22.1% 28.9%
FY2018 $435.0M -$47.9M — $21.7M -10.9% —
FY2017 — — — — — —

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

Executive summary

PELOTON INTERACTIVE, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

PELOTON INTERACTIVE, INC. has historically struggled to out-earn its cost of capital, averaging just 0.3% ROIC.

PELOTON INTERACTIVE, 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, PELOTON INTERACTIVE, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.65 per share.

PTON stock: frequently asked questions

What is the intrinsic value of Peloton INTERACTIVE, Inc. (PTON) 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, PTON's intrinsic value is about $4.65 per share.

Is PTON stock undervalued?

At $5.22 (close on Oct 17, 2026), PTON trades 12% above its Graham value of $4.65. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Peloton INTERACTIVE, Inc. generate free cash flow?

Peloton INTERACTIVE, Inc. generated $377.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 4 of the last 9 reported years.

What is PTON's return on invested capital?

Average ROIC over the last 10 fiscal years was -22.1%, and average return on equity was -101.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PTON data come from?

From Peloton INTERACTIVE, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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