Venture Global, Inc. (VG) intrinsic value & 10-year financials

Venture Global, Inc. (VG) has a Graham intrinsic value of $28.57 per share. At $12.72 on Oct 17, 2026, the stock trades 55% below that value. Over the last 4 fiscal years revenue grew 32.0% a year to $13.8B, with an average return on invested capital of 8.5%.

Graham intrinsic value
$28.57
Share price (Oct 17, 2026)
$12.72
Price vs Graham value
55% below
Market cap
$33.5B
Revenue (FY2025)
$13.8B
Revenue growth (4-yr CAGR)
32.0%
ROIC (10-yr avg)
8.5%
Free cash flow (FY2025)
-$6.8B

VG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $13.8B $2.7B $0.86 -$6.8B 37.4% 12.2%
FY2024 $5.0B $1.7B $0.57 -$11.6B 35.5% 4.8%
FY2023 $7.9B $3.6B $1.25 -$3.5B 61.4% —
FY2022 — — — — — —

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

Executive summary

Venture Global, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Venture Global, Inc. returns on capital have been average, hovering around 8.5% ROIC over the decade.

Venture Global, 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, Venture Global, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $28.57 per share.

VG stock: frequently asked questions

What is the intrinsic value of Venture Global, Inc. (VG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, VG's intrinsic value is about $28.57 per share.

Is VG stock undervalued?

At $12.72 (close on Oct 17, 2026), VG trades 55% below its Graham value of $28.57. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Venture Global, Inc. generate free cash flow?

Venture Global, Inc. generated -$6.8B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is VG's return on invested capital?

Average ROIC over the last 4 fiscal years was 8.5%, and average return on equity was 58.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VG data come from?

From Venture Global, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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