Axcelis Technologies Inc (ACLS)

Special Industry Machinery, NEC

Latest Price

$131.18

TTM P/E

43.87

Normalized P/E

24.99

Div Yield

Book Value

34.68

P/B Ratio

3.78

Valuation metrics

EPS: $3.80

Book value / share: $33.68

Formula: √(22.5 × EPS × BVPS)

Graham Number

$53.67

59% downside

Norm. op. income: $127M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$48.36

63% downside

Base FCF: $136M (median of recent 5yr)

Growth: -6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$47.44

64% downside

EPS: $3.80

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$95.00

28% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.03M	$952.0M	16.29%	+92.7K	2026-06-30
FMR LLC	4.13M	$781.0M	13.36%	+1.69M	2026-06-30
Vanguard Portfolio Management LLC	2.48M	$469.0M	8.03%	-9.4K	2026-06-30
Vanguard Capital Management LLC	1.39M	$262.0M	4.49%	+3.7K	2026-06-30
State Street Corp	1.23M	$233.0M	3.99%	+42.1K	2026-06-30
Victory Capital Management Inc	1.13M	$214.0M	3.67%	-145.0K	2026-06-30
Reinhart Partners, LLC.	928.7K	$175.0M	3.01%	-729.1K	2026-06-30
Geode Capital Management, LLC	833.6K	$157.0M	2.70%	+22.3K	2026-06-30
BNP PARIBAS ASSET MANAGEMENT Holding S.A.	803.2K	$152.0M	2.60%	-202.9K	2026-06-30
Dimensional Fund Advisors LP	709.3K	$134.0M	2.30%	-134.8K	2026-06-30