Treasure Global Inc. (TGL) intrinsic value & 10-year financials

Treasure Global Inc. (TGL) has a Graham intrinsic value of $1,093.71 per share. At $0.31 on Oct 17, 2026, the stock trades 100% below that value. Over the last 6 fiscal years revenue shrank 36.1% a year to $2.3M, with an average return on invested capital of 36.2%.

Graham intrinsic value
$1,093.71
Share price (Oct 17, 2026)
$0.31
Price vs Graham value
100% below
Market cap
$363.6K
Revenue (FY2025)
$2.3M
Revenue growth (6-yr CAGR)
-36.1%
ROIC (10-yr avg)
36.2%
Free cash flow (FY2025)
-$9.5M

TGL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.3M -$23.4M -$19.87 -$9.5M -945.3% -208.2%
FY2024 $22.1M -$6.6M -$7.67 -$4.7M -27.5% 128.9%
FY2023 $69.4M -$11.7M -$0.70 -$9.6M -14.7% 98.8%
FY2022 $79.7M -$11.7M -$1.12 -$9.0M -12.8% 80.2%
FY2021 $14.0M -$7.9M -$0.77 -$6.9M -54.2% 81.1%
FY2020 — — — — — —

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

Executive summary

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

TREASURE GLOBAL INC has earned high returns on invested capital, averaging 77.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

TREASURE GLOBAL INC 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, TREASURE GLOBAL INC is modeled at -36.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1093.71 per share.

TGL stock: frequently asked questions

What is the intrinsic value of Treasure Global Inc. (TGL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -36.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TGL's intrinsic value is about $1,093.71 per share.

Is TGL stock undervalued?

At $0.31 (close on Oct 17, 2026), TGL trades 100% below its Graham value of $1,093.71. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Treasure Global Inc. generate free cash flow?

Treasure Global Inc. generated -$9.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is TGL's return on invested capital?

Average ROIC over the last 6 fiscal years was 36.2%, and average return on equity was -44.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TGL data come from?

From Treasure Global Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 20, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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