Te Connectivity PLC (TEL) intrinsic value & 10-year financials

Te Connectivity PLC (TEL) has a Graham intrinsic value of $59.95 per share. At $212.64 on Oct 17, 2026, the stock trades 255% above that value. Over the last 10 fiscal years revenue grew 3.9% a year to $17.3B, with an average return on invested capital of 14.9%.

Graham intrinsic value
$59.95
Share price (Oct 17, 2026)
$212.64
Price vs Graham value
255% above
Market cap
$63.6B
Revenue (FY2025)
$17.3B
Revenue growth (10-yr CAGR)
3.9%
ROIC (10-yr avg)
14.9%
Free cash flow (FY2025)
$3.2B

TEL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $17.3B $1.8B $6.16 $3.2B 18.6% 11.8%
FY2024 $15.8B $3.2B $10.33 $2.8B 17.6% 19.7%
FY2023 $16.0B $1.9B $6.03 $2.4B 14.4% 14.3%
FY2022 $16.3B $2.4B $7.47 $1.7B 16.9% 18.4%
FY2021 $14.9B $2.3B $6.79 $2.0B 16.3% 18.0%
FY2020 $12.2B -$241.0M -$0.73 $1.4B 4.4% 2.1%
FY2019 $13.4B $1.8B $5.42 $1.7B 14.7% 15.2%
FY2018 $14.0B $2.6B $7.27 $1.5B 16.7% 18.5%
FY2017 $12.2B $1.7B $4.70 $1.6B 16.8% 15.0%
FY2016 $12.2B $2.0B $5.44 $1.3B 15.5% 16.4%

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

Executive summary

TE Connectivity has demonstrated mature, steady growth, with revenue compounding at 3.9% annually over the past decade.

TE Connectivity returns on capital have been average, hovering around 14.9% ROIC over the decade.

Over the decade, TE Connectivity shows that management has aggressively returned capital to shareholders by retiring 19.0% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, TE Connectivity is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $59.95 per share.

TEL stock: frequently asked questions

What is the intrinsic value of Te Connectivity PLC (TEL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 1.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TEL's intrinsic value is about $59.95 per share.

Is TEL stock undervalued?

At $212.64 (close on Oct 17, 2026), TEL trades 255% above its Graham value of $59.95. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Te Connectivity PLC grown?

Revenue went from $12.2B in fiscal 2016 to $17.3B in fiscal 2025, a compound annual growth rate of 3.9%. Net income was $1.8B in fiscal 2025.

Does Te Connectivity PLC generate free cash flow?

Te Connectivity PLC generated $3.2B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is TEL's return on invested capital?

Average ROIC over the last 10 fiscal years was 14.9%, and average return on equity was 18.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TEL data come from?

From Te Connectivity PLC's annual 10-K filings on SEC EDGAR, most recently filed Jul 24, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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