Star GROUP, L.P. (SGU) intrinsic value & 10-year financials

Star GROUP, L.P. (SGU) has a Graham intrinsic value of $45.32 per share. At $13.09 on Oct 17, 2026, the stock trades 71% below that value. Over the last 10 fiscal years revenue grew 4.9% a year to $1.8B.

Graham intrinsic value
$45.32
Share price (Oct 17, 2026)
$13.09
Price vs Graham value
71% below
Market cap
$448.7M
Revenue (FY2025)
$1.8B
Revenue growth (10-yr CAGR)
4.9%
Free cash flow (FY2025)
$56.0M

SGU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.8B $73.5M — $56.0M 6.4% —
FY2024 $1.8B $35.2M — $100.3M 3.5% —
FY2023 $2.0B $31.9M — $114.6M 3.2% —
FY2022 $2.0B $35.3M — $15.2M 3.0% —
FY2021 $1.5B $87.7M — $53.8M 8.7% —
FY2020 $1.5B $55.9M — $161.5M 6.3% —
FY2019 $1.8B $17.6M — $86.1M 2.1% —
FY2018 $1.7B $55.5M — $43.9M 3.9% —
FY2017 $1.3B $26.9M — $8.9M 4.2% —
FY2016 $1.2B $44.9M — $91.8M 7.5% —

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

Executive summary

STAR GROUP, L.P. has demonstrated mature, steady growth, with revenue compounding at 4.9% annually over the past decade.

STAR GROUP, L.P. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

Over the decade, STAR GROUP, L.P. shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, STAR GROUP, L.P. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $45.32 per share.

SGU stock: frequently asked questions

What is the intrinsic value of Star GROUP, L.P. (SGU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SGU's intrinsic value is about $45.32 per share.

Is SGU stock undervalued?

At $13.09 (close on Oct 17, 2026), SGU trades 71% below its Graham value of $45.32. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Star GROUP, L.P. grown?

Revenue went from $1.2B in fiscal 2016 to $1.8B in fiscal 2025, a compound annual growth rate of 4.9%. Net income was $73.5M in fiscal 2025.

Does Star GROUP, L.P. generate free cash flow?

Star GROUP, L.P. generated $56.0M 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.

Where does this SGU data come from?

From Star GROUP, L.P.'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.

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