Yelp Inc. (YELP) intrinsic value & 10-year financials
Yelp Inc. (YELP) has a Graham intrinsic value of $28.52 per share. At $19.88 on Oct 17, 2026, the stock trades 30% below that value. Over the last 10 fiscal years revenue grew 8.3% a year to $1.5B, with an average return on invested capital of 10.5%.
- Graham intrinsic value
- $28.52
- Share price (Oct 17, 2026)
- $19.88
- Price vs Graham value
- 30% below
- Market cap
- $1.3B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 8.3%
- ROIC (10-yr avg)
- 10.5%
- Free cash flow (FY2025)
- $323.7M
YELP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $145.6M | $2.24 | $323.7M | 12.6% | 24.8% |
| FY2024 | $1.4B | $132.8M | $1.88 | $248.5M | 10.7% | 21.2% |
| FY2023 | $1.3B | $99.2M | $1.35 | $279.4M | 5.9% | 15.3% |
| FY2022 | $1.2B | $36.3M | $0.50 | $160.3M | 4.9% | 7.1% |
| FY2021 | $1.0B | $39.7M | $0.50 | $184.4M | 3.1% | 7.8% |
| FY2020 | $872.9M | -$19.4M | -$0.27 | $144.7M | -4.4% | -3.7% |
| FY2019 | $1.0B | $40.9M | $0.52 | $167.3M | 3.5% | 3.8% |
| FY2018 | $942.8M | $55.4M | $0.62 | $135.3M | 2.7% | 2.4% |
| FY2017 | $850.8M | $152.9M | $1.75 | $152.0M | 21.1% | 26.9% |
| FY2016 | $716.1M | -$4.7M | -$0.06 | $103.9M | -0.7% | -0.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
YELP INC is a consistent compounder, expanding top-line revenue at 8.3% annually over the past decade.
YELP INC returns on capital have been average, hovering around 10.5% ROIC over the decade.
Over the decade, YELP INC shows that management has aggressively returned capital to shareholders by retiring 15.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, YELP INC is modeled at 3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $28.52 per share.