Bath & Body Works, Inc. (BBWI)

Retail-Retail Stores, NEC

Latest Price

$20.12

TTM P/E

5.72

Normalized P/E

5.47

Div Yield

3.98%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $1.3B (median of 6yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$34.28

+70% upside

Base FCF: $865M (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

$2.31

89% downside

EPS: $3.11

Target P/E: 5×

Formula: EPS × P/E

P/E Fair Value

$15.55

23% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	20.89M	$389.0M	10.39%	+3.94M	2026-03-31
BlackRock, Inc.	19.32M	$360.0M	9.61%	-1.83M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	15.02M	$280.0M	7.47%	--	2026-03-31
AQR CAPITAL MANAGEMENT LLC	11.04M	$206.0M	5.49%	-405.2K	2026-03-31
D. E. Shaw & Co., Inc.	9.71M	$181.0M	4.83%	+3.39M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	9.16M	$170.0M	4.56%	--	2026-03-31
STATE STREET CORP	6.94M	$129.0M	3.45%	+113.8K	2026-03-31
ALLIANCEBERNSTEIN L.P.	5.75M	$115.0M	2.86%	+722.1K	2026-03-31
AMERICAN CENTURY COMPANIES INC	4.47M	$83.0M	2.23%	-840.2K	2026-03-31
GMT CAPITAL CORP	4.17M	$77.0M	2.08%	+915.2K	2026-03-31