BIO-RAD LABORATORIES, INC. (BIO)

Laboratory Analytical Instruments

Latest Price

$325.48

TTM P/E

54.16

Normalized P/E

Div Yield

Book Value

254.15

P/B Ratio

1.28

Valuation metrics

EPS: $27.85

Book value / share: $273.22

Formula: √(22.5 × EPS × BVPS)

Graham Number

$413.77

+27% upside

Norm. op. income: $338M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$108.55

67% downside

Base FCF: $290M (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$802.41

+147% upside

EPS: $27.85

Target P/E: 54×

Formula: EPS × P/E

P/E Fair Value

$1,503.90

+362% upside

87.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
First Eagle Investment Management, LLC	2.60M	$725.0M	11.99%	+32.3K	2026-03-31
BlackRock, Inc.	1.68M	$468.0M	7.74%	-888	2026-03-31
DIMENSIONAL FUND ADVISORS LP	1.09M	$303.0M	5.02%	+12.3K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	831.2K	$231.0M	3.83%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	829.2K	$231.0M	3.82%	--	2026-03-31
ARIEL INVESTMENTS, LLC	786.0K	$219.0M	3.62%	+21.3K	2026-03-31
EARNEST PARTNERS LLC	588.7K	$164.0M	2.71%	-14.9K	2026-03-31
STATE STREET CORP	559.6K	$155.0M	2.58%	-34	2026-03-31
Capital World Investors	450.0K	$125.0M	2.07%	--	2026-03-31
BANK OF AMERICA CORP /DE/	445.0K	$124.0M	2.05%	-492	2026-03-31