Coupang, Inc. (CPNG)

Retail-Catalog & Mail-Order Houses

Latest Price

$13.87

TTM P/E

Normalized P/E

129.18

Div Yield

Book Value

1.65

P/B Ratio

8.41

Valuation metrics

EPS: $0.11

Book value / share: $2.49

Formula: √(22.5 × EPS × BVPS)

Graham Number

$2.48

82% downside

Norm. op. income: $436M (median of 5yr)

Tax rate: 45%

Discount rate: 10%

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

Earnings Power Value

$3.83

72% downside

Base FCF: $1.0B (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.85

65% downside

EPS: $0.11

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$1.65

88% downside

75.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
SB Investment Advisers (UK) Ltd	289.54M	$5.03B	15.98%	--	2026-06-30
Baillie Gifford & Co	78.74M	$1.37B	4.35%	-41.91M	2026-06-30
Dodge & Cox	72.19M	$1.25B	3.98%	+186.1K	2026-06-30
BlackRock, Inc.	62.40M	$1.08B	3.44%	-2.49M	2026-06-30
Artisan Partners Limited Partnership	50.44M	$876.0M	2.78%	+16.77M	2026-06-30
Morgan Stanley	50.03M	$868.0M	2.76%	-6.12M	2026-06-30
Aspex Management (HK) Ltd	38.03M	$660.0M	2.10%	+21.99M	2026-06-30
Tiger Global Management LLC	36.47M	$633.0M	2.01%	+1.87M	2026-06-30
Massachusetts Institute of Technology	29.13M	$505.0M	1.61%	+9.90M	2026-06-30
Goldman Sachs Group Inc	26.63M	$462.0M	1.47%	+7.33M	2026-06-30