Academy Sports & Outdoors, Inc. (ASO)

Retail-Miscellaneous Shopping Goods Stores

Latest Price

$48.35

TTM P/E

8.54

Normalized P/E

7.77

Div Yield

0.31%

Book Value

32.92

P/B Ratio

1.47

Valuation metrics

EPS: $5.54

Book value / share: $33.43

Formula: √(22.5 × EPS × BVPS)

Graham Number

$64.56

+34% upside

Norm. op. income: $595M (median of 6yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$69.33

+43% upside

Base FCF: $444M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$26.78

45% downside

EPS: $5.54

Target P/E: 8×

Formula: EPS × P/E

P/E Fair Value

$44.32

8% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	9.98M	$563.0M	15.72%	-19.3K	2026-03-31
BlackRock, Inc.	9.85M	$555.0M	15.50%	+576	2026-03-31
DIMENSIONAL FUND ADVISORS LP	4.03M	$227.0M	6.34%	+71.9K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	3.83M	$216.0M	6.03%	--	2026-03-31
LSV ASSET MANAGEMENT	3.05M	$172.0M	4.80%	-9.0K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	2.99M	$168.0M	4.71%	--	2026-03-31
STATE STREET CORP	2.66M	$150.0M	4.20%	-51.4K	2026-03-31
AMERICAN CENTURY COMPANIES INC	2.40M	$135.0M	3.78%	+118.9K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	2.09M	$118.0M	3.30%	+88.4K	2026-03-31
WESTWOOD HOLDINGS GROUP INC	1.60M	$90.0M	2.52%	-190.6K	2026-03-31