Analog Devices Inc (ADI)

Semiconductors & Related Devices

Latest Price

$396.71

TTM P/E

47.06

Normalized P/E

75.13

Div Yield

1.05%

Book Value

69.24

P/B Ratio

5.73

Valuation metrics

EPS: $4.56

Book value / share: $69.06

Formula: √(22.5 × EPS × BVPS)

Graham Number

$84.18

79% downside

Norm. op. income: $2.0B (median of 7yr)

Tax rate: 8%

Discount rate: 10%

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

Earnings Power Value

$28.02

93% downside

Base FCF: $3.6B (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$163.99

59% downside

EPS: $4.56

Target P/E: 75×

Formula: EPS × P/E

P/E Fair Value

$342.00

14% downside

90.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	46.86M	$18.61B	9.67%	+3.75M	2026-06-30
Vanguard Capital Management LLC	31.85M	$12.65B	6.57%	+111.3K	2026-06-30
State Street Corp	23.66M	$9.40B	4.88%	+602.3K	2026-06-30
Invesco Ltd.	17.01M	$6.76B	3.51%	+10.45M	2026-06-30
JPMorgan Chase & Co	16.89M	$6.62B	3.49%	-5.58M	2026-06-30
Vanguard Portfolio Management LLC	14.66M	$5.82B	3.02%	+315.6K	2026-06-30
Geode Capital Management, LLC	12.42M	$4.92B	2.56%	+252.0K	2026-06-30
Bank of America Corp	9.00M	$3.57B	1.86%	-1.22M	2026-06-30
Van Eck Associates Corp	8.42M	$3.35B	1.74%	+1.67M	2026-06-30
Morgan Stanley	8.25M	$3.28B	1.70%	-4.9K	2026-06-30