Arm Holdings PLC (ARM)

Semiconductors & Related Devices

Latest Price

$289.66

TTM P/E

Normalized P/E

508.18

Div Yield

Book Value

8.10

P/B Ratio

35.78

Valuation metrics

EPS: $0.85

Book value / share: $7.79

Formula: √(22.5 × EPS × BVPS)

Graham Number

$12.20

96% 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

97% 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

93% downside

EPS: $0.85

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$12.75

96% downside

11.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Invesco Ltd.	12.82M	$4.54B	1.20%	+9.86M	2026-06-30
Jane Street Group, LLC	11.47M	$4.07B	1.07%	+2.56M	2026-06-30
Citadel Advisors LLC	8.83M	$3.13B	0.83%	+2.30M	2026-06-30
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	6.50M	$2.31B	0.61%	--	2026-06-30
Goldman Sachs Group Inc	4.90M	$1.74B	0.46%	+777.2K	2026-06-30
Capital World Investors	4.33M	$1.53B	0.41%	+3.17M	2026-06-30
Arrowstreet Capital, Limited Partnership	4.09M	$1.45B	0.38%	+3.15M	2026-06-30
FMR LLC	4.06M	$1.44B	0.38%	+1.61M	2026-06-30
Van Eck Associates Corp	2.60M	$922.0M	0.24%	+387.7K	2026-06-30
Walleye Trading LLC	2.50M	$885.0M	0.23%	-1.23M	2026-06-30