Broadcom Inc. (AVGO)

Semiconductors & Related Devices

Latest Price

$351.19

TTM P/E

44.79

Normalized P/E

23.09

Div Yield

0.72%

Book Value

20.88

P/B Ratio

16.82

Valuation metrics

EPS: $4.77

Book value / share: $17.15

Formula: √(22.5 × EPS × BVPS)

Graham Number

$42.90

88% downside

Norm. op. income: $13.5B (median of 7yr)

Tax rate: 7%

Discount rate: 10%

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

Earnings Power Value

$16.71

95% downside

Base FCF: $17.6B (median of recent 5yr)

Growth: 19%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$164.81

53% downside

EPS: $4.77

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$109.71

69% downside

79.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	398.29M	$150.45B	8.34%	+12.27M	2026-06-30
Vanguard Capital Management LLC	309.17M	$116.79B	6.48%	+1.15M	2026-06-30
State Street Corp	196.90M	$74.38B	4.12%	+5.52M	2026-06-30
FMR LLC	144.36M	$54.53B	3.02%	+20.25M	2026-06-30
Vanguard Portfolio Management LLC	127.00M	$47.97B	2.66%	-1.42M	2026-06-30
Capital World Investors	121.89M	$46.04B	2.55%	+5.70M	2026-06-30
Geode Capital Management, LLC	116.39M	$43.86B	2.44%	+2.11M	2026-06-30
Capital Research Global Investors	113.13M	$42.73B	2.37%	-2.90M	2026-06-30
JPMorgan Chase & Co	95.02M	$35.39B	1.99%	+1.26M	2026-06-30
Price T Rowe Associates Inc	82.85M	$31.30B	1.74%	-1.62M	2026-06-30