TRIO-TECH International (TRT) intrinsic value & 10-year financials
TRIO-TECH International (TRT) has a Graham intrinsic value of $2.02 per share. At $4.92 on Oct 17, 2026, the stock trades 144% above that value. Over the last 10 fiscal years revenue grew 0.6% a year to $36.5M, with an average return on invested capital of 3.8%.
- Graham intrinsic value
- $2.02
- Share price (Oct 17, 2026)
- $4.92
- Price vs Graham value
- 144% above
- Market cap
- $21.5M
- Revenue (FY2025)
- $36.5M
- Revenue growth (10-yr CAGR)
- 0.6%
- ROIC (10-yr avg)
- 3.8%
- Free cash flow (FY2025)
- -$596.0K
TRT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $36.5M | -$41.0K | -$0.01 | -$596.0K | 0.7% | 0.5% |
| FY2024 | $42.3M | $1.1M | $0.24 | $2.0M | 2.6% | 3.1% |
| FY2023 | $43.2M | $1.5M | $0.37 | $3.6M | 5.2% | 6.5% |
| FY2022 | $44.1M | $2.4M | $0.57 | $655.0K | 5.3% | 7.6% |
| FY2021 | $32.5M | -$591.0K | -$0.00 | $526.0K | -1.8% | -2.6% |
| FY2020 | $34.5M | $966.0K | $0.00 | $2.0M | 2.8% | 4.7% |
| FY2019 | $39.2M | $1.5M | $0.00 | $1.6M | 3.9% | 7.6% |
| FY2018 | $42.4M | $1.2M | $0.00 | $2.2M | 2.8% | 2.9% |
| FY2017 | $38.5M | $1.3M | $0.00 | $1.7M | 3.4% | 5.0% |
| FY2016 | $34.5M | $779.0K | $0.00 | -$643.0K | 2.3% | 2.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TRIO-TECH INTERNATIONAL has demonstrated mature, steady growth, with revenue compounding at 0.6% annually over the past decade.
TRIO-TECH INTERNATIONAL has historically struggled to out-earn its cost of capital, averaging just 3.8% ROIC.
Over the decade, TRIO-TECH INTERNATIONAL shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TRIO-TECH INTERNATIONAL is modeled at 0.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.02 per share.