Barnes & Noble Education, Inc. (BNED)

Retail-Miscellaneous Shopping Goods Stores

Latest Price

$12.44

TTM P/E

3.97

Normalized P/E

Div Yield

Book Value

8.46

P/B Ratio

1.47

Valuation metrics

EPS: $0.49

Book value / share: $8.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.71

22% downside

Base FCF: $50M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$23.06

+85% upside

EPS: $0.49

Target P/E: 4×

Formula: EPS × P/E

P/E Fair Value

$1.96

84% downside

68.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
IMMERSION CORP	11.21M	$98.0M	32.56%	--	2026-03-31
Kanen Wealth Management LLC	3.42M	$30.0M	9.94%	+23.8K	2026-03-31
Windward Management LP	1.70M	$15.0M	4.94%	--	2026-03-31
BlackRock, Inc.	1.09M	$9.0M	3.16%	-9.8K	2026-03-31
MORGAN STANLEY	1.05M	$9.0M	3.04%	-58.9K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	864.9K	$7.0M	2.51%	--	2026-03-31
GOLDMAN SACHS GROUP INC	530.4K	$4.0M	1.54%	+21.5K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	435.5K	$3.0M	1.26%	-11.1K	2026-03-31
683 Capital Management, LLC	380.0K	$3.0M	1.10%	+30.0K	2026-03-31
BANK OF AMERICA CORP /DE/	355.9K	$3.0M	1.03%	+193.9K	2026-03-31