Wyndham Hotels & RESORTS, Inc. (WH) intrinsic value & 10-year financials

Wyndham Hotels & RESORTS, Inc. (WH) has a Graham intrinsic value of $35.50 per share. At $75.60 on Oct 17, 2026, the stock trades 113% above that value. Over the last 10 fiscal years revenue grew 1.3% a year to $1.4B, with an average return on invested capital of 10.9%.

Graham intrinsic value
$35.50
Share price (Oct 17, 2026)
$75.60
Price vs Graham value
113% above
Market cap
$5.8B
Revenue (FY2025)
$1.4B
Revenue growth (10-yr CAGR)
1.3%
ROIC (10-yr avg)
10.9%
Free cash flow (FY2025)
$321.0M

WH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.4B $193.0M $2.50 $321.0M 28.1% 9.9%
FY2024 $1.4B $289.0M $3.61 $241.0M 35.3% 13.2%
FY2023 $1.4B $289.0M $3.41 $339.0M 36.3% 12.7%
FY2022 $1.4B $355.0M $3.91 $360.0M 41.2% 14.2%
FY2021 $1.2B $244.0M $2.60 $389.0M 35.8% 10.7%
FY2020 $1.3B -$132.0M -$1.42 $34.0M -3.5% -1.2%
FY2019 $2.1B $157.0M $1.62 $50.0M 15.0% 7.2%
FY2018 $1.9B $162.0M $1.62 $158.0M 15.1% 9.0%
FY2017 $1.3B $230.0M $2.31 $232.0M 19.5% 17.0%
FY2016 $1.3B $176.0M $1.76 $222.0M 23.2% 16.3%

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

Executive summary

WYNDHAM HOTELS & RESORTS, INC. has demonstrated mature, steady growth, with revenue compounding at 1.3% annually over the past decade.

WYNDHAM HOTELS & RESORTS, INC. returns on capital have been average, hovering around 10.3% ROIC over the decade.

Over the decade, WYNDHAM HOTELS & RESORTS, INC. shows that management has aggressively returned capital to shareholders by retiring 22.6% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WYNDHAM HOTELS & RESORTS, INC. is modeled at 4.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $35.50 per share.

WH stock: frequently asked questions

What is the intrinsic value of Wyndham Hotels & RESORTS, Inc. (WH) 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, WH's intrinsic value is about $35.50 per share.

Is WH stock undervalued?

At $75.60 (close on Oct 17, 2026), WH trades 113% above its Graham value of $35.50. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Wyndham Hotels & RESORTS, Inc. grown?

Revenue went from $1.3B in fiscal 2016 to $1.4B in fiscal 2025, a compound annual growth rate of 1.3%. Net income was $193.0M in fiscal 2025.

Does Wyndham Hotels & RESORTS, Inc. generate free cash flow?

Wyndham Hotels & RESORTS, Inc. generated $321.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is WH's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.9%, and average return on equity was 21.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WH data come from?

From Wyndham Hotels & RESORTS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 23, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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