Tamboran Resources Corp. (TBN) intrinsic value & 10-year financials

Tamboran Resources Corp. (TBN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue reached to $0, with an average return on invested capital of -13.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$31.33
Market cap
$459.3M
Revenue (FY2025)
$0
ROIC (10-yr avg)
-13.6%
Free cash flow (FY2025)
—

TBN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$36.9M -$2.52 — — -17.0%
FY2024 $0 -$21.9M -$2.32 — — -10.1%
FY2023 — — — — — —

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

Executive summary

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

Tamboran Resources Corp has historically struggled to out-earn its cost of capital, averaging just -13.6% ROIC.

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

Benjamin Graham lens

Tamboran Resources Corp is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

TBN stock: frequently asked questions

What is the intrinsic value of Tamboran Resources Corp. (TBN) stock?

Graham's formula only works with positive earnings. Tamboran Resources Corp. reported diluted EPS of -$2.52 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is TBN's return on invested capital?

Average ROIC over the last 3 fiscal years was -13.6%, and average return on equity was -11.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TBN data come from?

From Tamboran Resources Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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