Qnity Electronics, Inc. (Q) intrinsic value & 10-year financials

Qnity Electronics, Inc. (Q) has a Graham intrinsic value of $72.83 per share. At $115.37 on Oct 17, 2026, the stock trades 58% above that value. Over the last 4 fiscal years revenue grew 8.5% a year to $4.8B, with an average return on invested capital of 7.0%.

Graham intrinsic value
$72.83
Share price (Oct 17, 2026)
$115.37
Price vs Graham value
58% above
Market cap
$24.2B
Revenue (FY2025)
$4.8B
Revenue growth (4-yr CAGR)
8.5%
ROIC (10-yr avg)
7.0%
Free cash flow (FY2025)
$988.0M

Q 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.8B $729.0M $3.30 $988.0M — 7.1%
FY2024 $4.3B $724.0M $3.31 $861.0M — 6.9%
FY2023 $4.0B $533.0M $2.42 $651.0M — —
FY2022 — — — — — —

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

Executive summary

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

Qnity Electronics has historically struggled to out-earn its cost of capital, averaging just 7.0% ROIC.

Qnity Electronics 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, Qnity Electronics is modeled at 8.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $72.83 per share.

Q stock: frequently asked questions

What is the intrinsic value of Qnity Electronics, Inc. (Q) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.5% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, Q's intrinsic value is about $72.83 per share.

Is Q stock undervalued?

At $115.37 (close on Oct 17, 2026), Q trades 58% above its Graham value of $72.83. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Qnity Electronics, Inc. generate free cash flow?

Qnity Electronics, Inc. generated $988.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 3 reported years.

What is Q's return on invested capital?

Average ROIC over the last 4 fiscal years was 7.0%, and average return on equity was 6.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this Q data come from?

From Qnity Electronics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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