Cavco Industries, Inc. (CVCO)

Mobile Homes

Latest Price

$560.26

TTM P/E

24.37

Normalized P/E

24.61

Div Yield

Book Value

144.06

P/B Ratio

3.89

Valuation metrics

EPS: $23.98

Book value / share: $142.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$277.34

50% downside

Norm. op. income: $190M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$227.61

59% downside

Base FCF: $207M (median of recent 5yr)

Growth: 13%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$867.79

+55% upside

EPS: $23.98

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$599.50

+7% upside

91.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.25M	$767.0M	16.20%	+50.3K	2026-06-30
Capital World Investors	528.2K	$324.0M	6.85%	-88.4K	2026-06-30
State Street Corp	419.2K	$257.0M	5.44%	+17.3K	2026-06-30
Vanguard Capital Management LLC	347.6K	$213.0M	4.51%	-504	2026-06-30
Vanguard Portfolio Management LLC	331.2K	$203.0M	4.30%	+13.4K	2026-06-30
Boston Partners	325.6K	$199.0M	4.22%	+25.9K	2026-06-30
Geode Capital Management, LLC	259.2K	$159.0M	3.36%	+18.5K	2026-06-30
Dimensional Fund Advisors LP	203.5K	$124.0M	2.64%	+2.5K	2026-06-30
Ameriprise Financial Inc	180.5K	$110.0M	2.34%	+40.7K	2026-06-30
GW&K Investment Management, LLC	153.4K	$94.0M	1.99%	-9.8K	2026-06-30