TruGolf Holdings, Inc. (TRUG) intrinsic value & 10-year financials
TruGolf Holdings, Inc. (TRUG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue shrank 4.2% a year to $18.9M, with an average return on invested capital of 142.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.12
- Market cap
- $331.9K
- Revenue (FY2025)
- $18.9M
- Revenue growth (5-yr CAGR)
- -4.2%
- ROIC (10-yr avg)
- 142.0%
- Free cash flow (FY2025)
- -$1.9M
TRUG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $18.9M | -$15.2M | -$51.39 | -$1.9M | -32.3% | 205.6% |
| FY2024 | $21.9M | -$8.8M | -$0.76 | -$4.0M | -9.6% | 109.2% |
| FY2023 | $20.6M | -$10.3M | -$0.88 | -$6.3M | -42.1% | 231.1% |
| FY2022 | — | -$414.0K | — | — | — | 21.9% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TruGolf Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
TruGolf Holdings, Inc. has earned high returns on invested capital, averaging 33.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
TruGolf 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, TruGolf Holdings, Inc. is modeled at -4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.77 per share.