Radian Group Inc. (RDN) intrinsic value & 10-year financials
Radian Group Inc. (RDN) has a Graham intrinsic value of $87.51 per share. At $34.04 on Oct 17, 2026, the stock trades 61% below that value. Over the last 10 fiscal years revenue shrank 0.4% a year to $1.2B, with an average return on invested capital of 7.0%.
- Graham intrinsic value
- $87.51
- Share price (Oct 17, 2026)
- $34.04
- Price vs Graham value
- 61% below
- Market cap
- $4.8B
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- -0.4%
- ROIC (10-yr avg)
- 7.0%
- Free cash flow (FY2025)
- $115.7M
RDN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | $582.6M | $4.14 | $115.7M | — | 9.9% |
| FY2024 | $1.3B | $604.4M | $3.92 | -$666.7M | — | — |
| FY2023 | $1.2B | $603.1M | $3.77 | $513.2M | — | — |
| FY2022 | $1.2B | $742.9M | $4.35 | $370.6M | — | — |
| FY2021 | $1.3B | $600.7M | $3.16 | $544.5M | — | — |
| FY2020 | $1.4B | $393.6M | $2.00 | — | — | — |
| FY2019 | $1.5B | $672.3M | $3.20 | — | — | — |
| FY2018 | $1.3B | $606.0M | $2.77 | — | — | — |
| FY2017 | $1.2B | $121.1M | $0.55 | — | — | 3.1% |
| FY2016 | $1.2B | $308.3M | $1.37 | — | — | 7.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RADIAN GROUP INC is facing top-line stagnation, with revenue contracting over the decade.
RADIAN GROUP INC has historically struggled to out-earn its cost of capital, averaging just 7.0% ROIC.
Over the decade, RADIAN GROUP INC shows that management has aggressively returned capital to shareholders by retiring 38.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RADIAN GROUP INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $87.51 per share.