Gogo Inc. (GOGO)

Communications Services, NEC

Latest Price

$4.18

TTM P/E

41.80

Normalized P/E

4.75

Div Yield

Book Value

0.87

P/B Ratio

4.80

Valuation metrics

EPS: $0.09

Book value / share: $0.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$1.23

70% downside

Norm. op. income: $114M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$1.16

72% downside

Base FCF: $62M (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

$2.89

31% downside

EPS: $0.09

Target P/E: 5×

Formula: EPS × P/E

P/E Fair Value

$0.45

89% downside

49.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	11.98M	$48.0M	8.87%	+662.2K	2026-03-31
Nantahala Capital Management, LLC	8.88M	$35.0M	6.57%	+2.09M	2026-03-31
BANK OF AMERICA CORP /DE/	5.34M	$21.0M	3.95%	+3.79M	2026-03-31
STATE STREET CORP	3.58M	$14.0M	2.65%	+443.9K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	3.49M	$14.0M	2.58%	--	2026-03-31
MILLENNIUM MANAGEMENT LLC	2.14M	$8.0M	1.58%	-218.5K	2026-03-31
Qube Research & Technologies Ltd	1.95M	$7.0M	1.44%	+371.3K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	1.94M	$7.0M	1.44%	+56.1K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	1.38M	$5.0M	1.02%	-410.7K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	1.16M	$4.0M	0.86%	--	2026-03-31