Transcontinental Realty Investors Inc. (TCI) intrinsic value & 10-year financials
Transcontinental Realty Investors Inc. (TCI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 9.3% a year to $49.1M, with an average return on invested capital of -0.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $48.41
- Market cap
- $418.2M
- Revenue (FY2025)
- $49.1M
- Revenue growth (10-yr CAGR)
- -9.3%
- ROIC (10-yr avg)
- -0.2%
- Free cash flow (FY2025)
- —
TCI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $49.1M | $13.8M | $1.60 | — | -12.9% | -0.4% |
| FY2024 | $47.1M | $5.9M | $0.68 | — | -12.3% | -0.4% |
| FY2023 | $49.9M | $5.9M | $0.69 | — | -20.0% | -0.8% |
| FY2022 | $36.7M | $468.3M | $54.20 | — | -25.3% | -1.1% |
| FY2021 | $40.8M | $9.4M | $1.09 | — | -39.6% | -3.2% |
| FY2020 | $57.0M | $6.7M | $0.77 | — | -0.0% | -0.0% |
| FY2019 | $48.0M | -$26.9M | -$3.09 | — | -16.1% | -1.3% |
| FY2018 | $121.0M | $181.4M | $20.71 | -$191.7M | 13.3% | 2.0% |
| FY2017 | $125.2M | -$15.8M | -$1.92 | -$69.5M | 16.1% | 1.9% |
| FY2016 | $118.5M | $37.0K | -$0.10 | -$71.7M | 14.9% | 1.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TRANSCONTINENTAL REALTY INVESTORS INC is facing top-line stagnation, with revenue contracting over the decade.
TRANSCONTINENTAL REALTY INVESTORS INC has historically struggled to out-earn its cost of capital, averaging just -0.2% ROIC.
TRANSCONTINENTAL REALTY INVESTORS 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, TRANSCONTINENTAL REALTY INVESTORS INC is modeled at -30.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-72.86 per share.