Eastman Chemical Co (EMN)

Plastic Materials, Synth Resins & Nonvulcan Elastomers

Latest Price

$64.84

TTM P/E

17.08

Normalized P/E

10.11

Div Yield

5.10%

Book Value

53.30

P/B Ratio

1.22

Valuation metrics

EPS: $4.10

Book value / share: $26.62

Formula: √(22.5 × EPS × BVPS)

Graham Number

$49.55

24% downside

Norm. op. income: $977M (median of 7yr)

Tax rate: 16%

Discount rate: 10%

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

Earnings Power Value

$17.64

73% downside

Base FCF: $546M (median of recent 5yr)

Growth: -1%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$8.54

87% downside

EPS: $4.10

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$41.00

37% downside

94.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	16.94M	$1.13B	14.82%	+445.5K	2026-06-30
Vanguard Portfolio Management LLC	7.55M	$505.0M	6.61%	-74.5K	2026-06-30
Dimensional Fund Advisors LP	5.16M	$345.0M	4.52%	+226.8K	2026-06-30
Vanguard Capital Management LLC	5.16M	$345.0M	4.51%	+51.4K	2026-06-30
State Street Corp	4.17M	$282.0M	3.65%	+29.0K	2026-06-30
Morgan Stanley	3.33M	$223.0M	2.91%	+252.9K	2026-06-30
Franklin Resources Inc	2.87M	$192.0M	2.51%	-1.04M	2026-06-30
Massachusetts Financial Services Co	2.66M	$178.0M	2.33%	+52.2K	2026-06-30
Bank of America Corp	2.47M	$165.0M	2.16%	+225.9K	2026-06-30
Earnest Partners LLC	2.40M	$160.0M	2.10%	-43.4K	2026-06-30