Taylor DEVICES, Inc. (TAYD) intrinsic value & 10-year financials
Taylor DEVICES, Inc. (TAYD) has a Graham intrinsic value of $60.66 per share. At $54.07 on Oct 17, 2026, the stock trades 11% below that value. Over the last 10 fiscal years revenue grew 2.9% a year to $46.3M, with an average return on invested capital of 7.9%.
- Graham intrinsic value
- $60.66
- Share price (Oct 17, 2026)
- $54.07
- Price vs Graham value
- 11% below
- Market cap
- $177.3M
- Revenue (FY2025)
- $46.3M
- Revenue growth (10-yr CAGR)
- 2.9%
- ROIC (10-yr avg)
- 7.9%
- Free cash flow (FY2025)
- $4.9M
TAYD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $46.3M | $9.4M | $2.87 | $4.9M | 20.8% | 14.5% |
| FY2024 | $44.6M | $9.0M | $2.58 | $12.1M | 21.3% | 15.4% |
| FY2023 | $40.2M | $6.3M | $1.77 | $4.3M | 16.9% | 12.2% |
| FY2022 | $30.9M | $2.2M | $0.64 | $1.9M | 8.0% | 5.2% |
| FY2021 | $22.5M | $1.1M | — | $5.4M | -10.4% | -5.9% |
| FY2020 | $28.4M | $3.0M | — | $8.6M | 11.6% | 7.7% |
| FY2019 | $33.6M | $2.5M | — | $2.2M | 8.9% | 7.1% |
| FY2018 | $24.4M | $443.4K | $0.13 | -$632.4K | 2.7% | 1.3% |
| FY2017 | $25.5M | $2.3M | $0.66 | -$2.9M | 11.4% | 7.2% |
| FY2016 | $35.7M | $4.2M | $1.21 | $1.8M | 16.1% | 13.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TAYLOR DEVICES, INC. has demonstrated mature, steady growth, with revenue compounding at 2.9% annually over the past decade.
TAYLOR DEVICES, INC. has historically struggled to out-earn its cost of capital, averaging just 7.9% ROIC.
TAYLOR DEVICES, INC. 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, TAYLOR DEVICES, INC. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $60.66 per share.