Atlassian Corp. (TEAM) intrinsic value & 10-year financials

Atlassian Corp. (TEAM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 25.7% a year to $5.2B, with an average return on invested capital of -2529.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$207.82
Market cap
$54.4B
Revenue (FY2025)
$5.2B
Revenue growth (6-yr CAGR)
25.7%
ROIC (10-yr avg)
-2529.5%
Free cash flow (FY2025)
$1.4B

TEAM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.2B -$256.7M -$0.98 $1.4B -2.5% -333.3%
FY2024 $4.4B -$300.5M -$1.16 $1.4B -2.7% 151.9%
FY2023 $3.5B -$486.8M -$1.90 $842.5M -9.8% -12530.7%
FY2022 $2.8B -$519.5M -$2.05 $750.5M 2.5% 32.5%
FY2021 $2.1B -$579.0M -$2.32 $758.4M 6.8% 32.1%
FY2020 — — — — — —

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

Executive summary

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

Atlassian Corp has historically struggled to out-earn its cost of capital, averaging just -12.5% ROIC.

Atlassian Corp 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, Atlassian Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-32.55 per share.

TEAM stock: frequently asked questions

What is the intrinsic value of Atlassian Corp. (TEAM) stock?

Graham's formula only works with positive earnings. Atlassian Corp. reported diluted EPS of -$0.98 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Atlassian Corp. generate free cash flow?

Atlassian Corp. generated $1.4B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 5 reported years.

What is TEAM's return on invested capital?

Average ROIC over the last 6 fiscal years was -2529.5%, and average return on equity was -90.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TEAM data come from?

From Atlassian Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 1, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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