Transcat Inc. (TRNS) intrinsic value & 10-year financials
Transcat Inc. (TRNS) has a Graham intrinsic value of $12.05 per share. At $80.35 on Oct 17, 2026, the stock trades 567% above that value. Over the last 10 fiscal years revenue grew 9.7% a year to $331.9M, with an average return on invested capital of 7.8%.
- Graham intrinsic value
- $12.05
- Share price (Oct 17, 2026)
- $80.35
- Price vs Graham value
- 567% above
- Market cap
- $753.7M
- Revenue (FY2026)
- $331.9M
- Revenue growth (10-yr CAGR)
- 9.7%
- ROIC (10-yr avg)
- 7.8%
- Free cash flow (FY2026)
- $19.6M
TRNS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $331.9M | $5.4M | $0.57 | $19.6M | 4.0% | 2.3% |
| FY2025 | $278.4M | $14.5M | $1.57 | $25.8M | 6.4% | 5.0% |
| FY2024 | $259.5M | $13.6M | $1.63 | $19.3M | 7.6% | 7.6% |
| FY2023 | $230.6M | $10.7M | $1.40 | $7.5M | 7.0% | 8.5% |
| FY2022 | $205.0M | $11.4M | $0.00 | $7.5M | 6.9% | 10.0% |
| FY2021 | $173.3M | $7.8M | $0.00 | $17.0M | 6.4% | 8.4% |
| FY2020 | $173.1M | $8.1M | $0.00 | $5.0M | 6.3% | 9.8% |
| FY2019 | $160.9M | $7.1M | $0.00 | $5.6M | 6.4% | 10.3% |
| FY2018 | $155.1M | $5.9M | $0.00 | $4.0M | 5.8% | 9.4% |
| FY2017 | $143.9M | $4.5M | $0.00 | $2.3M | 5.5% | 7.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TRANSCAT INC is a consistent compounder, expanding top-line revenue at 9.7% annually over the past decade.
TRANSCAT INC has historically struggled to out-earn its cost of capital, averaging just 7.9% ROIC.
Over the decade, TRANSCAT INC shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TRANSCAT INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.05 per share.