Rmr Group Inc. (RMR) intrinsic value & 10-year financials

Rmr Group Inc. (RMR) has a Graham intrinsic value of $5.14 per share. At $18.32 on Oct 17, 2026, the stock trades 256% above that value. Over the last 10 fiscal years revenue shrank 4.1% a year to $182.7M, with an average return on invested capital of 157.1%.

Graham intrinsic value
$5.14
Share price (Oct 17, 2026)
$18.32
Price vs Graham value
256% above
Market cap
$304.9M
Revenue (FY2025)
$182.7M
Revenue growth (10-yr CAGR)
-4.1%
ROIC (10-yr avg)
157.1%
Free cash flow (FY2025)
$72.1M

RMR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $182.7M $17.6M $1.03 $72.1M 22.9% 16.8%
FY2024 $193.9M $23.1M $1.38 $57.5M 23.2% 52.4%
FY2023 $962.3M $57.1M $3.44 $105.2M 11.8% 408.9%
FY2022 $832.5M $34.0M $2.04 $100.1M 10.6% 118.2%
FY2021 $607.2M $35.7M $2.15 $70.7M 11.9% 463.8%
FY2020 $589.5M $28.8M $1.75 $76.9M 11.7% -117.6%
FY2019 $713.4M $74.6M $2.29 $197.5M 27.7% —
FY2018 $405.0M $96.0M $2.96 $227.8M 62.2% —
FY2017 $271.7M $42.3M $1.31 $125.1M 49.9% —
FY2016 $266.9M $37.2M $1.17 $98.7M 55.0% —

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

Executive summary

RMR GROUP INC. is facing top-line stagnation, with revenue contracting over the decade.

RMR GROUP INC. returns on capital have been average, hovering around 13.1% ROIC over the decade.

Over the decade, RMR GROUP INC. shows that management has aggressively returned capital to shareholders by retiring 48.0% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, RMR GROUP INC. is modeled at -1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.14 per share.

RMR stock: frequently asked questions

What is the intrinsic value of Rmr Group Inc. (RMR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, RMR's intrinsic value is about $5.14 per share.

Is RMR stock undervalued?

At $18.32 (close on Oct 17, 2026), RMR trades 256% above its Graham value of $5.14. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Rmr Group Inc. grown?

Revenue went from $266.9M in fiscal 2016 to $182.7M in fiscal 2025, a compound annual growth rate of -4.1%. Net income was $17.6M in fiscal 2025.

Does Rmr Group Inc. generate free cash flow?

Rmr Group Inc. generated $72.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is RMR's return on invested capital?

Average ROIC over the last 10 fiscal years was 157.1%, and average return on equity was 22.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RMR data come from?

From Rmr Group Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar management consulting services stocks