Evercore Inc. (EVR)

Investment Advice

Latest Price

$320.56

TTM P/E

18.04

Normalized P/E

25.84

Div Yield

1.05%

Book Value

45.73

P/B Ratio

7.01

Valuation metrics

EPS: $14.05

Book value / share: $48.22

Formula: √(22.5 × EPS × BVPS)

Graham Number

$123.47

61% downside

Norm. op. income: $562M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$175.42

45% downside

Base FCF: $958M (median of recent 5yr)

Growth: 24%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1,670.31

+421% upside

EPS: $14.05

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$365.30

+14% upside

87.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.65M	$1.09B	9.36%	+189.8K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	1.97M	$589.0M	5.07%	--	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	1.69M	$505.0M	4.35%	--	2026-03-31
FMR LLC	1.67M	$498.0M	4.28%	+413.4K	2026-03-31
Invesco Ltd.	1.42M	$425.0M	3.66%	+80.9K	2026-03-31
AQR CAPITAL MANAGEMENT LLC	1.32M	$388.0M	3.38%	+458.9K	2026-03-31
STATE STREET CORP	1.18M	$351.0M	3.03%	+19.3K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	1.04M	$311.0M	2.68%	+118.4K	2026-03-31
TD Asset Management Inc	958.5K	$286.0M	2.46%	-256.3K	2026-03-31
MORGAN STANLEY	917.8K	$273.0M	2.36%	+231.2K	2026-03-31