Table Trac Inc. (TBTC) intrinsic value & 10-year financials
Table Trac Inc. (TBTC) has a Graham intrinsic value of $10.53 per share. At $5.00 on Oct 17, 2026, the stock trades 53% below that value. Over the last 10 fiscal years revenue grew 7.3% a year to $11.0M, with an average return on invested capital of 22.5%.
- Graham intrinsic value
- $10.53
- Share price (Oct 17, 2026)
- $5.00
- Price vs Graham value
- 53% below
- Market cap
- $23.3M
- Revenue (FY2025)
- $11.0M
- Revenue growth (10-yr CAGR)
- 7.3%
- ROIC (10-yr avg)
- 22.5%
- Free cash flow (FY2025)
- $1.8M
TBTC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $11.0M | $1.6M | $0.35 | $1.8M | 14.5% | 17.1% |
| FY2024 | $11.2M | $1.6M | $0.34 | $1.9M | 15.4% | 15.9% |
| FY2023 | $9.5M | $1.6M | $0.35 | $355.5K | 17.7% | 26.6% |
| FY2022 | $11.1M | $1.6M | $0.35 | — | 18.3% | 57.0% |
| FY2021 | $7.0M | $1.7M | $0.37 | — | 21.7% | 55.0% |
| FY2020 | $4.4M | $306.9K | $0.07 | — | -7.8% | -10.8% |
| FY2019 | $7.5M | $816.0K | $0.18 | $19.7K | 12.5% | 26.1% |
| FY2018 | $7.8M | $515.0K | $0.11 | $88.1K | 9.0% | 20.9% |
| FY2017 | $6.4M | $583.1K | $0.13 | $1.3M | 5.1% | 13.8% |
| FY2016 | $5.8M | $142.9K | — | — | 3.5% | 3.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TABLE TRAC INC has demonstrated mature, steady growth, with revenue compounding at 7.3% annually over the past decade.
TABLE TRAC INC has earned high returns on invested capital, averaging 22.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
TABLE TRAC 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, TABLE TRAC INC is modeled at 13.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.53 per share.