TILLY'S, Inc. (TLYS) intrinsic value & 10-year financials
TILLY'S, Inc. (TLYS) has a Graham intrinsic value of $2.18 per share. At $4.60 on Oct 17, 2026, the stock trades 111% above that value. Over the last 10 fiscal years revenue shrank 0.3% a year to $553.6M, with an average return on invested capital of 2.8%.
- Graham intrinsic value
- $2.18
- Share price (Oct 17, 2026)
- $4.60
- Price vs Graham value
- 111% above
- Market cap
- $138.4M
- Revenue (FY2026)
- $553.6M
- Revenue growth (10-yr CAGR)
- -0.3%
- ROIC (10-yr avg)
- 2.8%
- Free cash flow (FY2026)
- -$589.0K
TLYS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $553.6M | -$17.5M | -$0.58 | -$589.0K | -3.5% | -10.7% |
| FY2025 | $569.5M | -$46.2M | -$1.54 | -$50.2M | -8.8% | -21.5% |
| FY2024 | $623.1M | -$34.5M | -$1.16 | -$20.7M | -5.0% | -11.7% |
| FY2023 | $672.3M | $9.7M | — | -$16.5M | 1.7% | 2.9% |
| FY2022 | $775.7M | $64.2M | — | $50.0M | 11.3% | 21.6% |
| FY2021 | $531.3M | -$1.1M | — | $30.4M | -0.6% | -0.5% |
| FY2020 | $619.3M | $22.6M | — | $22.1M | 4.6% | 9.6% |
| FY2019 | $598.5M | $24.9M | — | $31.8M | 5.3% | 24.4% |
| FY2018 | $576.9M | $14.7M | — | $19.0M | 4.2% | 8.0% |
| FY2017 | $569.0M | $11.4M | — | $31.4M | 3.4% | 5.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TILLY'S, INC. is facing top-line stagnation, with revenue contracting over the decade.
TILLY'S, INC. has historically struggled to out-earn its cost of capital, averaging just 2.8% ROIC.
TILLY'S, 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, TILLY'S, INC. is modeled at -0.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.18 per share.