Telephone & Telegraph Apparatus stocks: intrinsic value, ROIC & growth

9 U.S. telephone & telegraph apparatus companies with at least three years of SEC filings, ranked by size. 3 of the 6 with a current price trade below their Graham intrinsic value. The median company earned a 11.1% average return on invested capital and grew revenue 6.1% a year.

Updated October 18, 2026

9companies
3below Graham value
11.1%median 10-yr ROIC
6.1%median revenue CAGR

Highest-ROIC telephone & telegraph apparatus stocks

Ticker Company 10-yr ROIC Price Graham value Price vs value Market cap ROIC (10y) Revenue CAGR
FN Fabrinet 18.0% $363.51 $304.59 19% above $13.2B 18.0% 14.9%
CLFD Clearfield, Inc. 11.4% $29.47 $45.76 36% below $412.3M 11.4% 8.0%
CIEN Ciena 11.1% $332.73 $14.80 2148% above $48.3B 11.1% 7.0%

All telephone & telegraph apparatus stocks

Ticker Company Price Graham value Price vs value Market cap ROIC (10y) Revenue CAGR
CIEN Ciena $332.73 $14.80 2148% above $48.3B 11.1% 7.0%
FN Fabrinet $363.51 $304.59 19% above $13.2B 18.0% 14.9%
ADTN ADTRAN Holdings, Inc. $6.31 $0.89 609% above $503.2M -19.6% 6.1%
CLFD Clearfield, Inc. $29.47 $45.76 36% below $412.3M 11.4% 8.0%
FKWL FRANKLIN WIRELESS CORP $2.25 $3.70 39% below $26.5M 34.1% -2.9%
FIEE FiEE, Inc. $3.55 — — $25.1M 5976.0% -11.1%
VPLM Voip-pal.com Inc $0.00 — — $9.2M -499.5% —
CLRO CLEARONE INC $2.99 — — $5.3M -18.0% -16.6%
SONM DNA X, Inc. $3.27 $533.58 99% below $2.4M -248.4% -15.1%

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