J M Smucker Co. (SJM) intrinsic value & 10-year financials
J M Smucker Co. (SJM) has a Graham intrinsic value of $80.21 per share. At $127.43 on Oct 17, 2026, the stock trades 59% above that value. Over the last 10 fiscal years revenue grew 2.3% a year to $9.1B, with an average return on invested capital of 4.8%.
- Graham intrinsic value
- $80.21
- Share price (Oct 17, 2026)
- $127.43
- Price vs Graham value
- 59% above
- Market cap
- $13.6B
- Revenue (FY2026)
- $9.1B
- Revenue growth (10-yr CAGR)
- 2.3%
- ROIC (10-yr avg)
- 4.8%
- Free cash flow (FY2026)
- $1.2B
SJM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $9.1B | -$138.7M | -$1.30 | $1.2B | 4.0% | 2.8% |
| FY2025 | $8.7B | -$1.2B | -$11.57 | $816.6M | -7.7% | -4.7% |
| FY2024 | $8.2B | $744.0M | $7.13 | $642.9M | 16.0% | 7.3% |
| FY2023 | $8.5B | -$91.3M | -$0.86 | $717.0M | 1.8% | 1.3% |
| FY2022 | $8.0B | $631.7M | $5.83 | $718.8M | 12.8% | 6.1% |
| FY2021 | $8.0B | $876.3M | $7.79 | $1.3B | 17.3% | 8.0% |
| FY2020 | $7.8B | $779.5M | $6.84 | $985.5M | 15.7% | 7.0% |
| FY2019 | $7.8B | $514.4M | $4.52 | $781.4M | 11.8% | 5.3% |
| FY2018 | $7.4B | $1.3B | $11.78 | $896.1M | 14.1% | 8.6% |
| FY2017 | $7.4B | $592.3M | $5.10 | $866.6M | 14.0% | 6.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
J.M. Smucker Company (The) has demonstrated mature, steady growth, with revenue compounding at 2.3% annually over the past decade.
J.M. Smucker Company (The) has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.
J.M. Smucker Company (The) 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, J.M. Smucker Company (The) is modeled at 2.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $80.21 per share.