Barnes & Noble Education, Inc. (BNED)

Retail-Miscellaneous Shopping Goods Stores

Latest Price

$11.59

TTM P/E

Normalized P/E

Div Yield

Book Value

8.03

P/B Ratio

1.44

Valuation metrics

EPS: $0.49

Book value / share: $8.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.71

16% 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

+99% upside

EPS: $0.49

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$7.35

37% downside

74.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Immersion Corp	11.21M	$140.0M	32.32%	--	2026-06-30
Kanen Wealth Management LLC	3.38M	$42.0M	9.74%	-44.7K	2026-06-30
Windward Management LP	1.66M	$20.0M	4.78%	-43.3K	2026-06-30
BlackRock, Inc.	1.18M	$14.0M	3.39%	+89.7K	2026-06-30
Morgan Stanley	1.06M	$13.0M	3.05%	+13.5K	2026-06-30
Vanguard Capital Management LLC	804.6K	$10.0M	2.32%	-60.2K	2026-06-30
Geode Capital Management, LLC	495.9K	$6.0M	1.43%	+60.4K	2026-06-30
State Street Corp	366.5K	$4.0M	1.06%	+49.3K	2026-06-30
683 Capital Management, LLC	349.0K	$4.0M	1.01%	-31.0K	2026-06-30
Bank of America Corp	339.0K	$4.0M	0.98%	-16.9K	2026-06-30