LiveRamp Holdings, Inc. (RAMP) intrinsic value & 10-year financials
LiveRamp Holdings, Inc. (RAMP) has a Graham intrinsic value of $74.40 per share. At $37.44 on Oct 17, 2026, the stock trades 50% below that value. Over the last 10 fiscal years revenue grew 18.6% a year to $812.9M, with an average return on invested capital of -11.7%.
- Graham intrinsic value
- $74.40
- Share price (Oct 17, 2026)
- $37.44
- Price vs Graham value
- 50% below
- Market cap
- $2.4B
- Revenue (FY2026)
- $812.9M
- Revenue growth (10-yr CAGR)
- 18.6%
- ROIC (10-yr avg)
- -11.7%
- Free cash flow (FY2026)
- $166.4M
RAMP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $812.9M | $146.0M | $2.24 | $166.4M | 10.3% | 14.2% |
| FY2025 | $745.6M | -$814.0K | -$0.01 | $152.9M | 0.7% | 0.4% |
| FY2024 | $659.7M | $11.9M | $0.17 | $101.4M | 1.7% | 1.0% |
| FY2023 | $596.6M | -$118.7M | -$1.79 | $29.7M | -21.1% | -24.8% |
| FY2022 | $528.7M | -$33.8M | -$0.50 | $73.6M | -12.4% | -12.3% |
| FY2021 | $443.0M | -$90.3M | -$1.36 | -$22.7M | -27.2% | -20.2% |
| FY2020 | $380.6M | -$124.5M | -$1.84 | -$40.3M | -47.5% | -42.0% |
| FY2019 | $285.6M | $1.0B | $13.71 | -$9.3M | -69.4% | -35.9% |
| FY2018 | $220.1M | $23.5M | $0.29 | $68.0M | 4.8% | 1.3% |
| FY2017 | $174.8M | $4.1M | $0.05 | $67.8M | 9.0% | 1.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LiveRamp Holdings, Inc. is a consistent compounder, expanding top-line revenue at 18.6% annually over the past decade.
LiveRamp Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -11.7% ROIC.
Over the decade, LiveRamp Holdings, Inc. shows that management has aggressively returned capital to shareholders by retiring 18.5% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LiveRamp Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $74.40 per share.