Ten Holdings, Inc. (XHLD) intrinsic value & 10-year financials

Ten Holdings, Inc. (XHLD) has a Graham intrinsic value of $64.99 per share. At $0.50 on Oct 17, 2026, the stock trades 99% below that value. Over the last 4 fiscal years revenue shrank 8.6% a year to $3.1M, with an average return on invested capital of -2354.1%.

Graham intrinsic value
$64.99
Share price (Oct 17, 2026)
$0.50
Price vs Graham value
99% below
Market cap
$1.1M
Revenue (FY2025)
$3.1M
Revenue growth (4-yr CAGR)
-8.6%
ROIC (10-yr avg)
-2354.1%
Free cash flow (FY2025)
—

XHLD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.1M -$19.5M -$8.58 — -432.5% -2028.0%
FY2024 $3.5M -$3.0M -$0.12 -$2.5M -77.9% -4905.8%
FY2023 $3.7M -$1.7M -$0.07 -$290.0K -43.8% -128.6%
FY2022 — — — — — —

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

Executive summary

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

TEN Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -66.0% ROIC.

TEN Holdings, 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, TEN Holdings, Inc. is modeled at -8.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $64.99 per share.

XHLD stock: frequently asked questions

What is the intrinsic value of Ten Holdings, Inc. (XHLD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -8.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, XHLD's intrinsic value is about $64.99 per share.

Is XHLD stock undervalued?

At $0.50 (close on Oct 17, 2026), XHLD trades 99% below its Graham value of $64.99. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is XHLD's return on invested capital?

Average ROIC over the last 4 fiscal years was -2354.1%, and average return on equity was -154.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this XHLD data come from?

From Ten Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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