Exponent Inc (EXPO)

Services-Management Consulting Services

Latest Price

$65.42

TTM P/E

29.47

Normalized P/E

32.07

Div Yield

1.86%

Book Value

6.07

P/B Ratio

10.78

Valuation metrics

EPS: $2.07

Book value / share: $7.62

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.84

71% downside

Norm. op. income: $111M (median of 5yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$22.02

66% downside

Base FCF: $111M (median of recent 5yr)

Growth: 18%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$99.30

+52% upside

EPS: $2.07

Target P/E: 32×

Formula: EPS × P/E

P/E Fair Value

$66.24

+1% upside

90.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.18M	$363.0M	12.55%	+116.1K	2026-06-30
Kayne Anderson Rudnick Investment Management LLC	4.00M	$234.0M	8.11%	+109.4K	2026-06-30
Vanguard Portfolio Management LLC	3.14M	$184.0M	6.38%	+196.9K	2026-06-30
Vanguard Capital Management LLC	2.18M	$128.0M	4.42%	-30.4K	2026-06-30
State Street Corp	1.94M	$114.0M	3.94%	+54.1K	2026-06-30
Geode Capital Management, LLC	1.75M	$102.0M	3.55%	+100.4K	2026-06-30
Royce & Associates LP	1.32M	$77.0M	2.69%	+178.2K	2026-06-30
Conestoga Capital Advisors, LLC	1.27M	$74.0M	2.57%	-640.8K	2026-06-30
Morgan Stanley	1.21M	$71.0M	2.46%	+142.0K	2026-06-30
AQR Capital Management LLC	1.14M	$67.0M	2.32%	+163.6K	2026-06-30