CHEMED CORP (CHE)

Services-Home Health Care Services

Latest Price

$534.79

TTM P/E

29.19

Normalized P/E

29.25

Div Yield

0.43%

Book Value

62.01

P/B Ratio

8.62

Valuation metrics

EPS: $18.34

Book value / share: $67.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$167.18

69% downside

Norm. op. income: $343M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$180.27

66% downside

Base FCF: $273M (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

$312.93

41% downside

EPS: $18.34

Target P/E: 29×

Formula: EPS × P/E

P/E Fair Value

$531.86

0% downside

83.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.34M	$504.0M	9.77%	+51.3K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	815.7K	$308.0M	5.96%	--	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	636.1K	$240.0M	4.65%	--	2026-03-31
STATE STREET CORP	462.2K	$174.0M	3.38%	+4.1K	2026-03-31
AQR CAPITAL MANAGEMENT LLC	415.6K	$156.0M	3.04%	+90.0K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	411.0K	$155.0M	3.01%	+52.9K	2026-03-31
TD Asset Management Inc	279.7K	$105.0M	2.05%	-44.8K	2026-03-31
Epoch Investment Partners, Inc.	250.1K	$94.0M	1.83%	-72.3K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	247.8K	$93.0M	1.81%	+381	2026-03-31
NEUBERGER BERMAN GROUP LLC	242.1K	$91.0M	1.77%	-170.7K	2026-03-31