Solventum Corp. (SOLV) intrinsic value & 10-year financials

Solventum Corp. (SOLV) has a Graham intrinsic value of $134.22 per share. At $85.81 on Oct 17, 2026, the stock trades 36% below that value. Over the last 5 fiscal years revenue grew 0.8% a year to $8.3B, with an average return on invested capital of 12.7%.

Graham intrinsic value
$134.22
Share price (Oct 17, 2026)
$85.81
Price vs Graham value
36% below
Market cap
$15.0B
Revenue (FY2025)
$8.3B
Revenue growth (5-yr CAGR)
0.8%
ROIC (10-yr avg)
12.7%
Free cash flow (FY2025)
-$10.0M

SOLV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $8.3B $1.6B $8.88 -$10.0M 26.2% 20.2%
FY2024 $8.3B $479.0M $2.76 $805.0M 12.6% 7.5%
FY2023 $8.2B $1.3B $7.79 $1.6B 20.6% 11.8%
FY2022 $8.1B $1.3B $7.78 $1.4B 20.8% 11.3%
FY2021 — — — — — —

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

Executive summary

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

Solventum returns on capital have been average, hovering around 12.7% ROIC over the decade.

Solventum capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Solventum is modeled at 4.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $134.22 per share.

SOLV stock: frequently asked questions

What is the intrinsic value of Solventum Corp. (SOLV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.5% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SOLV's intrinsic value is about $134.22 per share.

Is SOLV stock undervalued?

At $85.81 (close on Oct 17, 2026), SOLV trades 36% below its Graham value of $134.22. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Solventum Corp. generate free cash flow?

Solventum Corp. generated -$10.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 4 reported years.

What is SOLV's return on invested capital?

Average ROIC over the last 5 fiscal years was 12.7%, and average return on equity was 17.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SOLV data come from?

From Solventum Corp.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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