Apogee Enterprises, Inc. (APOG)

Glass Products, Made of Purchased Glass

Latest Price

$35.37

TTM P/E

11.09

Normalized P/E

10.57

Div Yield

3.00%

Book Value

24.54

P/B Ratio

1.44

Valuation metrics

EPS: $2.52

Book value / share: $24.12

Formula: √(22.5 × EPS × BVPS)

Graham Number

$36.98

+5% upside

Norm. op. income: $88M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$22.48

36% downside

Base FCF: $90M (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$27.66

22% downside

EPS: $2.52

Target P/E: 11×

Formula: EPS × P/E

P/E Fair Value

$27.72

22% downside

93.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.40M	$155.0M	16.14%	+82.1K	2026-06-30
Vanguard Portfolio Management LLC	1.16M	$53.0M	5.52%	-378.1K	2026-06-30
Dimensional Fund Advisors LP	1.15M	$52.0M	5.48%	+90.3K	2026-06-30
American Century Companies Inc	1.03M	$46.0M	4.87%	+141.4K	2026-06-30
Vanguard Capital Management LLC	913.8K	$41.0M	4.34%	-27.7K	2026-06-30
State Street Corp	843.2K	$38.0M	4.00%	+22.3K	2026-06-30
Ameriprise Financial Inc	746.5K	$34.0M	3.54%	+409.0K	2026-06-30
Two Sigma Investments, LP	611.7K	$27.0M	2.90%	--	2026-06-30
Geode Capital Management, LLC	564.0K	$25.0M	2.68%	+24.2K	2026-06-30
Lsv Asset Management	490.1K	$22.0M	2.33%	+15.4K	2026-06-30