Trinity Place Holdings Inc. (TPHS) intrinsic value & 10-year financials

Trinity Place Holdings Inc. (TPHS) has a Graham intrinsic value of $1.90 per share. At $0.03 on Oct 17, 2026, the stock trades 98% below that value. Over the last 10 fiscal years revenue grew 8.4% a year to $3.5M, with an average return on invested capital of -7.3%.

Graham intrinsic value
$1.90
Share price (Oct 17, 2026)
$0.03
Price vs Graham value
98% below
Market cap
$1.7M
Revenue (FY2024)
$3.5M
Revenue growth (10-yr CAGR)
8.4%
ROIC (10-yr avg)
-7.3%
Free cash flow (FY2024)
—

TPHS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $3.5M $5.6M $0.09 — -140.5% 122.1%
FY2023 $33.6M -$39.0M -$1.02 — -28.9% -112.3%
FY2022 $43.0M -$20.7M -$0.00 — -20.0% -19.7%
FY2021 $27.8M -$16.5M -$0.00 — -41.7% -18.1%
FY2020 $1.3M $6.5M $0.00 — 717.0% 3.8%
FY2019 $4.1M -$2.2M -$0.00 — -32.0% -0.6%
FY2018 $3.7M -$7.9M -$0.00 — -190.7% -4.0%
FY2017 $1.9M -$2.0M — — -495.1% -9.7%
FY2016 $1.9M -$7.4M — — -386.7% -27.1%
FY2015 — — — — — —

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

Executive summary

Trinity Place Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Trinity Place Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just -7.3% ROIC.

Trinity Place Holdings 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, Trinity Place Holdings Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.90 per share.

TPHS stock: frequently asked questions

What is the intrinsic value of Trinity Place Holdings Inc. (TPHS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TPHS's intrinsic value is about $1.90 per share.

Is TPHS stock undervalued?

At $0.03 (close on Oct 17, 2026), TPHS trades 98% below its Graham value of $1.90. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is TPHS's return on invested capital?

Average ROIC over the last 10 fiscal years was -7.3%, and average return on equity was -78.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TPHS data come from?

From Trinity Place Holdings Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 24, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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