Home Depot, Inc. (HD)

Retail-Lumber & Other Building Materials Dealers

Latest Price

$284.49

TTM P/E

19.91

Normalized P/E

18.67

Div Yield

3.25%

Book Value

16.66

P/B Ratio

17.08

Valuation metrics

EPS: $14.23

Book value / share: $12.86

Formula: √(22.5 × EPS × BVPS)

Graham Number

$64.18

77% downside

Norm. op. income: $20.9B (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$111.41

61% downside

Base FCF: $14.0B (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

$65.72

77% downside

EPS: $14.23

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$270.37

5% downside

77.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	81.58M	$28.77B	8.17%	+2.80M	2026-06-30
Vanguard Capital Management LLC	65.08M	$22.95B	6.52%	+388.1K	2026-06-30
State Street Corp	47.18M	$16.64B	4.73%	+499.2K	2026-06-30
Vanguard Portfolio Management LLC	25.75M	$9.08B	2.58%	+474.4K	2026-06-30
Geode Capital Management, LLC	25.26M	$8.90B	2.53%	+325.5K	2026-06-30
Morgan Stanley	22.60M	$7.97B	2.26%	+234.0K	2026-06-30
Charles Schwab Investment Management Inc	20.26M	$7.14B	2.03%	+3.18M	2026-06-30
Sixth Street Partners Management Company, L.P.	20.26M	$7.14B	2.03%	--	2026-06-30
FMR LLC	18.09M	$6.38B	1.81%	+4.36M	2026-06-30
Capital Research Global Investors	16.80M	$5.92B	1.68%	+1.82M	2026-06-30