IMMERSION CORP (IMMR)

Computer Peripheral Equipment, NEC

Latest Price

$7.56

TTM P/E

Normalized P/E

6.51

Div Yield

Book Value

9.01

P/B Ratio

0.84

Valuation metrics

EPS: $0.14

Book value / share: $8.97

Formula: √(22.5 × EPS × BVPS)

Graham Number

$5.32

30% downside

Norm. op. income: $18M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$7.38

2% downside

Base FCF: $40M (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$93.43

+1136% upside

EPS: $0.14

Target P/E: 7×

Formula: EPS × P/E

P/E Fair Value

$0.98

87% downside

45.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	2.29M	$12.0M	6.91%	+29.6K	2026-03-31
CDC Financial, Inc.	1.44M	$7.0M	4.34%	--	2026-03-31
Caption Management, LLC	1.35M	$7.0M	4.06%	-35.1K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	1.29M	$7.0M	3.89%	--	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	735.5K	$4.0M	2.22%	+39.3K	2026-03-31
Kanen Wealth Management LLC	709.0K	$3.0M	2.14%	+239.3K	2026-03-31
STATE STREET CORP	657.4K	$3.0M	1.98%	+12.5K	2026-03-31
NISSAY ASSET MANAGEMENT CORP /JAPAN	607.4K	$3.0M	1.83%	+14.7K	2026-03-31
FMR LLC	498.0K	$2.0M	1.50%	+59.2K	2026-03-31
Squarepoint Ops LLC	408.9K	$2.0M	1.23%	+109.7K	2026-03-31