Unisys Corp. (UIS) intrinsic value & 10-year financials

Unisys Corp. (UIS) has a Graham intrinsic value of $4.73 per share. At $2.21 on Oct 17, 2026, the stock trades 53% below that value. Over the last 10 fiscal years revenue shrank 4.0% a year to $2.0B, with an average return on invested capital of -42.2%.

Graham intrinsic value
$4.73
Share price (Oct 17, 2026)
$2.21
Price vs Graham value
53% below
Market cap
$156.9M
Revenue (FY2025)
$2.0B
Revenue growth (10-yr CAGR)
-4.0%
ROIC (10-yr avg)
-42.2%
Free cash flow (FY2025)
-$170.0M

UIS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.0B -$339.8M -$4.79 -$170.0M 4.0% -129.2%
FY2024 $2.0B -$193.4M -$2.79 $119.1M 4.8% -96.4%
FY2023 $1.7B -$430.7M -$6.31 $52.9M 4.5% 215.7%
FY2022 $1.7B -$106.0M -$1.57 -$18.3M 3.1% -341.2%
FY2021 $1.7B -$448.5M -$6.75 $105.2M 8.8% -39.3%
FY2020 $1.7B $750.7M $11.93 -$708.9M 5.1% -8.9%
FY2019 $1.9B -$17.2M -$0.31 $85.9M 12.7% -9.5%
FY2018 $2.8B $75.5M $1.30 $38.3M 10.1% -11.2%
FY2017 $2.7B -$65.3M -$1.30 $140.6M 0.2% -0.3%
FY2016 $2.8B -$47.7M -$0.95 $185.7M 1.7% -1.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

UNISYS CORP is facing top-line stagnation, with revenue contracting over the decade.

UNISYS CORP has historically struggled to out-earn its cost of capital, averaging just -29.7% ROIC.

Over the decade, UNISYS CORP shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, UNISYS CORP is modeled at -4.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.73 per share.

UIS stock: frequently asked questions

What is the intrinsic value of Unisys Corp. (UIS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -4.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, UIS's intrinsic value is about $4.73 per share.

Is UIS stock undervalued?

At $2.21 (close on Oct 17, 2026), UIS trades 53% below its Graham value of $4.73. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Unisys Corp. grown?

Revenue went from $2.8B in fiscal 2016 to $2.0B in fiscal 2025, a compound annual growth rate of -4.0%. Net income was -$339.8M in fiscal 2025.

Does Unisys Corp. generate free cash flow?

Unisys Corp. generated -$170.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 10 reported years.

What is UIS's return on invested capital?

Average ROIC over the last 10 fiscal years was -42.2%, and average return on equity was 99.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UIS data come from?

From Unisys Corp.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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