StubHub Holdings, Inc. (STUB) intrinsic value & 10-year financials

StubHub Holdings, Inc. (STUB) has a Graham intrinsic value of $33.85 per share. At $5.86 on Oct 17, 2026, the stock trades 83% below that value. Over the last 4 fiscal years revenue grew 13.0% a year to $1.7B, with an average return on invested capital of -11.5%.

Graham intrinsic value
$33.85
Share price (Oct 17, 2026)
$5.86
Price vs Graham value
83% below
Market cap
$1.9B
Revenue (FY2025)
$1.7B
Revenue growth (4-yr CAGR)
13.0%
ROIC (10-yr avg)
-11.5%
Free cash flow (FY2025)
$191.2M

STUB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.7B -$1.9B -$6.27 $191.2M -77.0% -73.4%
FY2024 $1.8B -$2.8M -$0.18 $259.8M 7.8% 3.1%
FY2023 $1.4B $405.2M $1.14 $305.7M 18.5% 35.8%
FY2022 — — — — — —

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

Executive summary

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

StubHub Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -11.5% ROIC.

StubHub Holdings, Inc. 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, StubHub Holdings, Inc. is modeled at 13.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $33.85 per share.

STUB stock: frequently asked questions

What is the intrinsic value of StubHub Holdings, Inc. (STUB) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 13.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, STUB's intrinsic value is about $33.85 per share.

Is STUB stock undervalued?

At $5.86 (close on Oct 17, 2026), STUB trades 83% below its Graham value of $33.85. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does StubHub Holdings, Inc. generate free cash flow?

StubHub Holdings, Inc. generated $191.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 3 reported years.

What is STUB's return on invested capital?

Average ROIC over the last 4 fiscal years was -11.5%, and average return on equity was -42.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this STUB data come from?

From StubHub Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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