Tennessee Valley Authority (TVE) intrinsic value & 10-year financials
Tennessee Valley Authority (TVE) has no Graham intrinsic value right now because the formula needs positive earnings.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $23.31
- Revenue (FY2026)
- —
- Revenue growth (10-yr CAGR)
- 3.1%
- Free cash flow (FY2026)
- —
TVE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | — | — | — | — | — | — |
| FY2025 | $13.7B | $1.4B | — | -$1.1B | 18.8% | — |
| FY2024 | $12.3B | $1.1B | — | -$278.0M | 18.1% | — |
| FY2023 | $12.1B | $500.0M | — | $346.0M | 14.1% | — |
| FY2022 | $12.5B | $1.1B | — | $587.0M | 19.2% | — |
| FY2021 | $10.5B | $1.5B | — | $1.3B | 27.1% | — |
| FY2020 | $10.2B | $1.4B | — | $2.0B | 26.5% | — |
| FY2019 | $11.3B | $1.4B | — | $2.0B | 24.8% | — |
| FY2018 | $11.2B | $1.1B | — | $2.2B | 20.6% | — |
| FY2017 | $10.7B | $685.0M | — | $583.0M | 18.4% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Tennessee Valley Authority revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Tennessee Valley Authority 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Tennessee Valley Authority 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, Tennessee Valley Authority is modeled at 3.1% normalized earnings growth with a 5.1% bond-yield adjustment.