Yeti Holdings, Inc. (YETI) intrinsic value & 10-year financials

Yeti Holdings, Inc. (YETI) has a Graham intrinsic value of $61.65 per share. At $43.07 on Oct 17, 2026, the stock trades 30% below that value. Over the last 10 fiscal years revenue grew 10.9% a year to $1.9B, with an average return on invested capital of 52.1%.

Graham intrinsic value
$61.65
Share price (Oct 17, 2026)
$43.07
Price vs Graham value
30% below
Market cap
$3.5B
Revenue (FY2026)
$1.9B
Revenue growth (10-yr CAGR)
10.9%
ROIC (10-yr avg)
52.1%
Free cash flow (FY2026)
$212.1M

YETI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $1.9B $165.4M $2.03 $212.1M 11.4% 32.1%
FY2024 $1.8B $175.7M $2.05 $219.6M 13.4% 44.3%
FY2023 $1.7B $169.9M $1.94 $235.3M 13.6% 48.4%
FY2022 $1.4B $212.6M $2.40 $90.4M 19.5% 91.5%
FY2021 $1.1B $155.8M $1.77 $350.9M 19.6% 67.2%
FY2019 $913.7M $50.4M $0.58 $54.8M 9.8% 23.5%
FY2018 $778.8M $57.8M $0.69 $155.2M 13.1% 29.0%
FY2017 $639.2M $15.4M $0.19 $105.6M 10.0% 9.2%
FY2016 $818.9M $48.0M $0.58 -$6.7M 10.8% 124.1%
FY2015 — — — — — —

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

Executive summary

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

YETI Holdings, Inc. has earned high returns on invested capital, averaging 52.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

YETI 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, YETI Holdings, Inc. is modeled at 13.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $61.65 per share.

YETI stock: frequently asked questions

What is the intrinsic value of Yeti Holdings, Inc. (YETI) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 13.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, YETI's intrinsic value is about $61.65 per share.

Is YETI stock undervalued?

At $43.07 (close on Oct 17, 2026), YETI trades 30% below its Graham value of $61.65. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Yeti Holdings, Inc. generate free cash flow?

Yeti Holdings, Inc. generated $212.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 8 of the last 9 reported years.

What is YETI's return on invested capital?

Average ROIC over the last 10 fiscal years was 52.1%, and average return on equity was 11.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this YETI data come from?

From Yeti Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar sporting & athletic goods stocks