Resources CONNECTION, Inc. (RGP) intrinsic value & 10-year financials
Resources CONNECTION, Inc. (RGP) has a Graham intrinsic value of $1.55 per share. At $2.55 on Oct 17, 2026, the stock trades 65% above that value. Over the last 10 fiscal years revenue shrank 2.8% a year to $452.0M, with an average return on invested capital of -2.6%.
- Graham intrinsic value
- $1.55
- Share price (Oct 17, 2026)
- $2.55
- Price vs Graham value
- 65% above
- Market cap
- $85.6M
- Revenue (FY2026)
- $452.0M
- Revenue growth (10-yr CAGR)
- -2.8%
- ROIC (10-yr avg)
- -2.6%
- Free cash flow (FY2026)
- $619.0K
RGP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $452.0M | -$40.6M | -$1.21 | $619.0K | -8.5% | -31.1% |
| FY2025 | $551.3M | -$191.8M | -$5.80 | $16.2M | -35.7% | -83.8% |
| FY2024 | $632.8M | $21.0M | $0.62 | $20.8M | 4.5% | 6.5% |
| FY2023 | $775.6M | $54.4M | $1.59 | $79.6M | 9.4% | 16.9% |
| FY2022 | $805.0M | $67.2M | $2.00 | $46.5M | 10.4% | 20.6% |
| FY2021 | $629.5M | $25.2M | $0.78 | $36.1M | 3.6% | 7.1% |
| FY2020 | $703.4M | $28.3M | $0.88 | $47.2M | 5.2% | 9.7% |
| FY2019 | $729.0M | $31.5M | $0.98 | $36.7M | 6.9% | 11.8% |
| FY2018 | $654.1M | $18.8M | $0.60 | $13.2M | 4.7% | 8.0% |
| FY2017 | $583.4M | $18.7M | $0.56 | $23.5M | 5.9% | 8.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RESOURCES CONNECTION, INC. is facing top-line stagnation, with revenue contracting over the decade.
RESOURCES CONNECTION, INC. has historically struggled to out-earn its cost of capital, averaging just -2.6% ROIC.
RESOURCES CONNECTION, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RESOURCES CONNECTION, INC. is modeled at -2.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.55 per share.