ADVANCED MICRO DEVICES INC (AMD)

Semiconductors & Related Devices

Latest Price

$476.15

TTM P/E

156.11

Normalized P/E

296.77

Div Yield

Book Value

39.52

P/B Ratio

12.05

Valuation metrics

EPS: $2.65

Book value / share: $38.65

Formula: √(22.5 × EPS × BVPS)

Graham Number

$48.01

90% downside

Norm. op. income: $1.4B (median of 7yr)

Tax rate: 14%

Discount rate: 10%

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

Earnings Power Value

$11.72

98% downside

Base FCF: $3.1B (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$146.72

69% downside

EPS: $2.65

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$39.75

92% downside

71.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	145.77M	$29.65B	8.94%	-1.76M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	105.94M	$21.55B	6.50%	--	2026-03-31
STATE STREET CORP	74.77M	$15.21B	4.59%	-148.1K	2026-03-31
JANE STREET GROUP, LLC	57.11M	$11.62B	3.50%	+14.71M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	39.79M	$8.07B	2.44%	+2.21M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	37.60M	$7.65B	2.31%	--	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	28.85M	$5.87B	1.77%	+8.52M	2026-03-31
CITADEL ADVISORS LLC	27.39M	$5.57B	1.68%	-8.20M	2026-03-31
MORGAN STANLEY	23.78M	$4.84B	1.46%	-1.26M	2026-03-31
GOLDMAN SACHS GROUP INC	19.30M	$3.92B	1.18%	-997.8K	2026-03-31