Track Group, Inc. (TRCK) intrinsic value & 10-year financials
Track Group, Inc. (TRCK) has a Graham intrinsic value of $3.71 per share. At $0.50 on Oct 17, 2026, the stock trades 87% below that value. Over the last 10 fiscal years revenue grew 2.9% a year to $35.2M, with an average return on invested capital of -2.1%.
- Graham intrinsic value
- $3.71
- Share price (Oct 17, 2026)
- $0.50
- Price vs Graham value
- 87% below
- Market cap
- $5.9M
- Revenue (FY2025)
- $35.2M
- Revenue growth (10-yr CAGR)
- 2.9%
- ROIC (10-yr avg)
- -2.1%
- Free cash flow (FY2025)
- —
TRCK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $35.2M | -$1.9M | -$0.16 | — | 3.5% | 4.5% |
| FY2024 | $36.9M | -$3.1M | -$0.26 | — | -5.1% | -5.4% |
| FY2023 | $34.5M | -$3.4M | $0.30 | — | -4.5% | -4.8% |
| FY2022 | $37.0M | -$7.4M | -$0.64 | — | -5.7% | -5.9% |
| FY2021 | $39.7M | $3.4M | $0.29 | — | 11.9% | 12.7% |
| FY2020 | $33.9M | -$118.6K | -$0.01 | — | 8.1% | 5.6% |
| FY2019 | $34.0M | -$2.6M | — | — | 3.4% | 4.2% |
| FY2018 | $30.6M | -$5.4M | — | — | -5.4% | -4.9% |
| FY2017 | $29.7M | -$4.7M | — | — | -16.4% | -12.5% |
| FY2016 | $27.2M | -$8.5M | — | — | -20.8% | -14.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Track Group, Inc. has demonstrated mature, steady growth, with revenue compounding at 2.9% annually over the past decade.
Track Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -2.1% ROIC.
Track Group, 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, Track Group, Inc. is modeled at 2.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.71 per share.