ACM Research, Inc. (ACMR)

Special Industry Machinery, NEC

Latest Price

$78.65

TTM P/E

60.04

Normalized P/E

61.55

Div Yield

Book Value

24.03

P/B Ratio

3.27

Valuation metrics

EPS: $1.37

Book value / share: $21.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.90

67% downside

Norm. op. income: $59M (median of 7yr)

Tax rate: 17%

Discount rate: 10%

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

Earnings Power Value

$14.81

81% downside

Base FCF: $70M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$25.23

68% downside

EPS: $1.37

Target P/E: 62×

Formula: EPS × P/E

P/E Fair Value

$84.94

+8% upside

70.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.98M	$314.0M	12.13%	+96.4K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	2.26M	$89.0M	3.44%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	2.20M	$86.0M	3.35%	--	2026-03-31
STATE STREET CORP	2.01M	$78.0M	3.05%	+48.1K	2026-03-31
WCM INVESTMENT MANAGEMENT, LLC	1.86M	$70.0M	2.83%	+1.85M	2026-03-31
CITIGROUP INC	1.59M	$62.0M	2.42%	+1.55M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	1.37M	$53.0M	2.08%	+28.3K	2026-03-31
MORGAN STANLEY	1.19M	$46.0M	1.81%	-199.6K	2026-03-31
JANUS HENDERSON GROUP PLC	1.09M	$42.0M	1.65%	+2.7K	2026-03-31
Value Aligned Research Advisors, LLC	956.0K	$37.0M	1.45%	--	2026-03-31