Scienjoy Holding Corp. (SJ) intrinsic value & 10-year financials

Scienjoy Holding Corp. (SJ) has a Graham intrinsic value of $0.58 per share. At $0.92 on Oct 17, 2026, the stock trades 59% above that value. Over the last 8 fiscal years revenue shrank 1.6% a year to $177.5M, with an average return on invested capital of 17.9%.

Graham intrinsic value
$0.58
Share price (Oct 17, 2026)
$0.92
Price vs Graham value
59% above
Market cap
$38.4M
Revenue (FY2025)
$177.5M
Revenue growth (8-yr CAGR)
-1.6%
ROIC (10-yr avg)
17.9%
Free cash flow (FY2025)
$10.0M

SJ 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $177.5M -$84.0M -$2.01 $10.0M -6.4% -11.3%
FY2024 $186.8M $5.4M $0.13 $9.3M 3.0% 3.2%
FY2023 $206.3M -$4.3M -$0.11 $14.4M 1.6% 2.3%
FY2022 $283.2M $28.3M $0.71 $8.0M — 23.9%
FY2021 $262.0M $26.7M $0.87 $18.0M — 29.5%
FY2020 $187.3M $27.0M $1.01 $23.7M — 71.6%
FY2019 $196.2M $151.4K — — -0.5% 6.1%
FY2018 — — — — — —

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

Executive summary

Scienjoy Holding Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Scienjoy Holding Corp has earned high returns on invested capital, averaging 17.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Scienjoy Holding Corp 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, Scienjoy Holding Corp is modeled at -1.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.58 per share.

SJ stock: frequently asked questions

What is the intrinsic value of Scienjoy Holding Corp. (SJ) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SJ's intrinsic value is about $0.58 per share.

Is SJ stock undervalued?

At $0.92 (close on Oct 17, 2026), SJ trades 59% above its Graham value of $0.58. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Scienjoy Holding Corp. generate free cash flow?

Scienjoy Holding Corp. generated $10.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 6 reported years.

What is SJ's return on invested capital?

Average ROIC over the last 8 fiscal years was 17.9%, and average return on equity was 8.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SJ data come from?

From Scienjoy Holding Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 23, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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