CRACKER BARREL OLD COUNTRY STORE, INC (CBRL)

Retail-Eating Places

Latest Price

$56.39

TTM P/E

49.63

Normalized P/E

18.23

Div Yield

1.75%

Book Value

20.83

P/B Ratio

2.71

Valuation metrics

EPS: $2.06

Book value / share: $20.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$31.00

45% downside

Norm. op. income: $121M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$27.34

52% downside

Base FCF: $107M (median of recent 5yr)

Growth: 0%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$44.47

21% downside

EPS: $2.06

Target P/E: 18×

Formula: EPS × P/E

P/E Fair Value

$37.08

34% downside

90.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.38M	$94.0M	15.12%	+102.7K	2026-03-31
GMT CAPITAL CORP	1.59M	$44.0M	7.12%	-649.5K	2026-03-31
Allianz Asset Management GmbH	1.07M	$30.0M	4.80%	+395.3K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	979.4K	$27.0M	4.38%	--	2026-03-31
AMERICAN CENTURY COMPANIES INC	971.6K	$27.0M	4.35%	+59.6K	2026-03-31
CITADEL ADVISORS LLC	954.0K	$26.0M	4.27%	-193.2K	2026-03-31
STATE STREET CORP	857.2K	$24.0M	3.84%	-15.8K	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	646.6K	$18.0M	2.89%	+99.2K	2026-03-31
MARSHALL WACE, LLP	586.8K	$16.0M	2.63%	+381.2K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	558.5K	$15.0M	2.50%	+18.5K	2026-03-31