AUTOMATIC DATA PROCESSING INC (ADP)
Services-Computer Processing & Data Preparation
Latest Price
$266.46
TTM P/E
24.86
Normalized P/E
29.59
Div Yield
2.43%
Book Value
15.74
P/B Ratio
16.93
Valuation metrics
adjust assumptions →EPS: $9.98
Book value / share: $15.27
Formula: √(22.5 × EPS × BVPS)
Graham Number
$58.55
78% downside
Norm. op. income: $3.9B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$83.38
69% downside
Base FCF: $3.9B (median of recent 5yr)
Growth: 8%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$210.25
21% downside
EPS: $9.98
Target P/E: 30×
Formula: EPS × P/E
P/E Fair Value
$299.40
+12% upside
Institutional Ownership
81.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 35.50M | $7.21B | 8.86% | -1.04M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 26.15M | $5.31B | 6.53% | -- | 2026-03-31 |
| STATE STREET CORP | 19.33M | $3.96B | 4.82% | +386.0K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 11.99M | $2.44B | 2.99% | +416.6K | 2026-03-31 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 11.56M | $2.35B | 2.89% | +9.15M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 11.05M | $2.25B | 2.76% | -- | 2026-03-31 |
| WELLINGTON MANAGEMENT GROUP LLP | 10.10M | $2.05B | 2.52% | +2.73M | 2026-03-31 |
| Capital Research Global Investors | 8.56M | $1.74B | 2.14% | +162.5K | 2026-03-31 |
| WELLS FARGO & COMPANY/MN | 6.91M | $1.40B | 1.72% | -150.9K | 2026-03-31 |
| MORGAN STANLEY | 6.39M | $1.30B | 1.60% | -3.95M | 2026-03-31 |