Barnes & Noble Education, Inc.

Barnes & Noble Education, Inc.

BNED·NYSE

$10.28

-5.3%
Consumer CyclicalSpecialty Retail

Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. It also offers First Day and First Day Complete access programs; BNC OER+, a turnkey solution for colleges and universities, that offers digital content, such as videos, activities, and auto-graded practice assessments; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle products, technology products, supplies, graduation products, and convenience items. In addition, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 350 college bookstores. Further, it offers direct-to-student subscription-based writing services; and bartleby, a direct-to-student subscription-based offering that includes textbook solutions, expert questions and answers, and writing and tutoring services. The company operates 805 physical college and university bookstores; 622 virtual bookstores; 8 True Spirit e-commerce websites; pop-up retail locations; 73 customized cafés and 11 stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.

At a Glance

Live Snapshot
Market Cap$352.56M
EPS-2.5000
P/E Ratio-4.11
Earnings Date07/01/2026
Barnes & Noble Education, Inc.

Barnes & Noble Education, Inc. Fair Value Envelope

BNED · NYSE

Our analysis suggests that BNED has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.28, this represents a potential HIDDEN relative to our calculated worth for Barnes & Noble Education, Inc..

Intrinsic Value
Current Price: $10.28

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$75.8M
+ Cash & Equivalents$9.1M
Firm Value-$66.8M
- Debt$283.1M
Equity Value-$349.9M
/ Shares Outstanding34,053,847B
DCF Value-$10
OVERVALUED BY 200%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$42.7M
-$21.4M
-$10.7M
-$5.3M
-$2.7M
-$1.3M
-$667.3K
-$333.6K
-$166.8K
-$83.4K
Maintenance CapEx
-$1.3M
-$644.7K
-$322.4K
-$161.2K
-$80.6K
-$40.3K
-$20.1K
-$10.1K
-$5.0K
-$2.5K
Owner Earnings
-$44.0M
-$22.0M
-$11.0M
-$5.5M
-$2.7M
-$1.4M
-$687.4K
-$343.7K
-$171.9K
-$85.9K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$40.7M
-$18.9M
-$8.7M
-$4.0M
-$1.9M
-$866.4K
-$401.1K
-$185.7K
-$86.0K
-$39.8K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.