Sow Good Inc. (SOWG) intrinsic value & 10-year financials

Sow Good Inc. (SOWG) has a Graham intrinsic value of $188.67 per share. At $2.06 on Oct 17, 2026, the stock trades 99% below that value. Over the last 10 fiscal years revenue grew 53.3% a year to $0, with an average return on invested capital of -138.5%.

Graham intrinsic value
$188.67
Share price (Oct 17, 2026)
$2.06
Price vs Graham value
99% below
Market cap
$24.4M
Revenue (FY2025)
$0
Revenue growth (10-yr CAGR)
53.3%
ROIC (10-yr avg)
-138.5%
Free cash flow (FY2025)
—

SOWG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$40.6M -$3.44 — — -33.5%
FY2024 $32.0M -$3.7M -$0.40 — -4.9% -6.0%
FY2023 $16.1M -$3.1M -$0.59 — -7.6% -19.7%
FY2022 $428.1K -$12.1M -$2.51 — -2542.6% -162.9%
FY2021 $88.4K -$6.9M -$1.61 — -8037.0% -74.5%
FY2020 $0 -$5.3M -$2.82 — — -39.8%
FY2019 $466.6K $9.1M $5.68 -$9.7M -556.5% -46.4%
FY2018 $0 -$344.0K -$0.21 -$187.9K — -86.9%
FY2017 $1.0M -$392.5K — — -145.2% -171.0%
FY2016 $1.0M $29.9M $0.21 $3.0M -140.8% -744.1%

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

Executive summary

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

Sow Good Inc. has historically struggled to out-earn its cost of capital, averaging just -31.8% ROIC.

Over the decade, Sow Good Inc. shows that management has aggressively returned capital to shareholders by retiring 91.8% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sow Good Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $188.67 per share.

SOWG stock: frequently asked questions

What is the intrinsic value of Sow Good Inc. (SOWG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SOWG's intrinsic value is about $188.67 per share.

Is SOWG stock undervalued?

At $2.06 (close on Oct 17, 2026), SOWG trades 99% below its Graham value of $188.67. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Sow Good Inc. grown?

Revenue went from $1.0M in fiscal 2016 to $0 in fiscal 2025, a compound annual growth rate of 53.3%. Net income was -$40.6M in fiscal 2025.

What is SOWG's return on invested capital?

Average ROIC over the last 10 fiscal years was -138.5%, and average return on equity was 1459.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SOWG data come from?

From Sow Good Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 20, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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