Cal-Maine Foods Inc (CALM)

Agricultural Prod-Livestock & Animal Specialties

Latest Price

$68.06

TTM P/E

Normalized P/E

5.85

Div Yield

3.59%

Book Value

55.01

P/B Ratio

1.24

Valuation metrics

EPS: $6.63

Book value / share: $53.80

Formula: √(22.5 × EPS × BVPS)

Graham Number

$89.58

+32% upside

Norm. op. income: $312M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$51.35

25% downside

Base FCF: $329M (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

$116.62

+71% upside

EPS: $6.63

Target P/E: 6×

Formula: EPS × P/E

P/E Fair Value

$39.78

42% downside

94.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.92M	$557.0M	14.81%	-32.5K	2026-06-30
Vanguard Portfolio Management LLC	2.84M	$229.0M	6.09%	+91.1K	2026-06-30
Dimensional Fund Advisors LP	2.74M	$220.0M	5.87%	+223.2K	2026-06-30
American Century Companies Inc	2.52M	$203.0M	5.40%	+511.6K	2026-06-30
Vanguard Capital Management LLC	1.90M	$152.0M	4.06%	+11.0K	2026-06-30
State Street Corp	1.78M	$143.0M	3.82%	+72.1K	2026-06-30
Renaissance Technologies LLC	1.57M	$126.0M	3.36%	-209.2K	2026-06-30
First Trust Advisors LP	1.27M	$102.0M	2.73%	-278.2K	2026-06-30
Boston Partners	1.27M	$102.0M	2.71%	+52.2K	2026-06-30
Geode Capital Management, LLC	1.22M	$98.0M	2.61%	+77.8K	2026-06-30