ARM HOLDINGS PLC /UK (ARM)

Semiconductors & Related Devices

Latest Price

$239.69

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $0.85

Book value / share: $7.79

Formula: √(22.5 × EPS × BVPS)

Graham Number

$12.20

95% downside

Norm. op. income: $831M (median of 3yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$9.49

96% downside

Base FCF: $979M (median of recent 3yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$19.07

92% downside

EPS: $0.85

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$12.75

95% downside

9.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
JANE STREET GROUP, LLC	8.92M	$1.35B	0.84%	-3.88M	2026-03-31
CITADEL ADVISORS LLC	6.53M	$988.0M	0.61%	-1.31M	2026-03-31
MORGAN STANLEY	4.46M	$675.0M	0.42%	+680.8K	2026-03-31
Capital Research Global Investors	4.22M	$638.0M	0.40%	+2.41M	2026-03-31
GOLDMAN SACHS GROUP INC	4.12M	$623.0M	0.39%	-4.22M	2026-03-31
Walleye Trading LLC	3.73M	$564.0M	0.35%	-2.29M	2026-03-31
Invesco Ltd.	2.95M	$446.0M	0.28%	+525.4K	2026-03-31
PEAK6 LLC	2.89M	$436.0M	0.27%	-2.55M	2026-03-31
FMR LLC	2.45M	$370.0M	0.23%	+718.5K	2026-03-31
UBS Group AG	2.36M	$357.0M	0.22%	-190.0K	2026-03-31