Webtoon Entertainment Inc. (WBTN) intrinsic value & 10-year financials

Webtoon Entertainment Inc. (WBTN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 8.6% a year to $1.4B, with an average return on invested capital of -7.7%.

Graham intrinsic value
—
Share price (Oct 27, 2026)
$9.16
Market cap
$1.2B
Revenue (FY2025)
$1.4B
Revenue growth (5-yr CAGR)
8.6%
ROIC (10-yr avg)
-7.7%
Free cash flow (FY2025)
$3.6M

WBTN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.4B -$345.9M -$2.66 $3.6M -4.6% -8.0%
FY2024 $1.3B -$143.9M -$1.21 $15.5M -7.5% -10.3%
FY2023 $1.3B -$116.5M -$1.06 $4.6M -2.8% -3.5%
FY2022 $1.1B -$129.9M -$1.22 -$143.3M -10.6% -9.0%
FY2021 — — — — — —

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

Executive summary

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

WEBTOON Entertainment Inc. has historically struggled to out-earn its cost of capital, averaging just -7.7% ROIC.

WEBTOON Entertainment 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, WEBTOON Entertainment Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-56.23 per share.

WBTN stock: frequently asked questions

What is the intrinsic value of Webtoon Entertainment Inc. (WBTN) stock?

Graham's formula only works with positive earnings. Webtoon Entertainment Inc. reported diluted EPS of -$2.66 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Webtoon Entertainment Inc. generate free cash flow?

Webtoon Entertainment Inc. generated $3.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 4 reported years.

What is WBTN's return on invested capital?

Average ROIC over the last 5 fiscal years was -7.7%, and average return on equity was -13.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WBTN data come from?

From Webtoon Entertainment Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.