Diamondback Energy, Inc. (FANG)

Crude Petroleum & Natural Gas

Latest Price

$183.81

TTM P/E

35.01

Normalized P/E

11.54

Div Yield

2.26%

Book Value

134.73

P/B Ratio

1.36

Valuation metrics

EPS: $5.73

Book value / share: $129.91

Formula: √(22.5 × EPS × BVPS)

Graham Number

$129.42

30% downside

Norm. op. income: $4.0B (median of 7yr)

Tax rate: 19%

Discount rate: 10%

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

Earnings Power Value

$63.16

66% downside

Base FCF: $3.5B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$160.34

13% downside

EPS: $5.73

Target P/E: 12×

Formula: EPS × P/E

P/E Fair Value

$68.76

63% downside

71.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.79M	$3.30B	6.70%	+286.3K	2026-06-30
Wellington Management Group LLP	16.42M	$2.89B	5.85%	+3.92M	2026-06-30
Vanguard Capital Management LLC	12.78M	$2.25B	4.55%	+43.4K	2026-06-30
State Street Corp	12.56M	$2.21B	4.48%	+510.3K	2026-06-30
Invesco Ltd.	11.18M	$1.97B	3.98%	+6.58M	2026-06-30
Vanguard Portfolio Management LLC	9.71M	$1.71B	3.46%	-7.4K	2026-06-30
Capital World Investors	8.94M	$1.57B	3.19%	+5.15M	2026-06-30
Boston Partners	5.85M	$1.03B	2.09%	+83.1K	2026-06-30
Geode Capital Management, LLC	5.39M	$943.0M	1.92%	+62.5K	2026-06-30
Bank of New York Mellon Corp	4.85M	$852.0M	1.73%	+910.7K	2026-06-30