Acacia Research Corp (ACTG)

Patent Owners & Lessors

Latest Price

$4.31

TTM P/E

Normalized P/E

75.82

Div Yield

Book Value

5.45

P/B Ratio

0.79

Valuation metrics

EPS: $0.22

Book value / share: $5.63

Formula: √(22.5 × EPS × BVPS)

Graham Number

$5.28

+23% upside

Base FCF: $37M (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

$9.83

+128% upside

EPS: $0.22

Target P/E: 76×

Formula: EPS × P/E

P/E Fair Value

$16.72

+288% upside

87.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Starboard Value LP	61.12M	$284.0M	62.64%	--	2026-06-30
State Street Corp	3.17M	$14.0M	3.25%	+61.7K	2026-06-30
Dimensional Fund Advisors LP	2.94M	$13.0M	3.01%	+87.8K	2026-06-30
BlackRock, Inc.	2.60M	$12.0M	2.66%	+190.9K	2026-06-30
Vanguard Capital Management LLC	1.49M	$6.0M	1.52%	-110.9K	2026-06-30
Renaissance Technologies LLC	1.42M	$6.0M	1.45%	+7.5K	2026-06-30
Goldman Sachs Group Inc	1.18M	$5.0M	1.20%	+591.1K	2026-06-30
Krilogy Financial LLC	1.13M	$5.0M	1.16%	+344	2026-06-30
Peapod Lane Capital LLC	994.8K	$4.0M	1.02%	-96.6K	2026-06-30
Geode Capital Management, LLC	900.8K	$4.0M	0.92%	+43.1K	2026-06-30