Matson, Inc. (MATX)

Water Transportation

Latest Price

$219.64

TTM P/E

14.81

Normalized P/E

13.29

Div Yield

0.33%

Book Value

92.74

P/B Ratio

2.37

Valuation metrics

EPS: $13.81

Book value / share: $90.76

Formula: √(22.5 × EPS × BVPS)

Graham Number

$167.93

24% downside

Norm. op. income: $500M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$121.65

45% downside

Base FCF: $458M (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

$1,111.98

+406% upside

EPS: $13.81

Target P/E: 13×

Formula: EPS × P/E

P/E Fair Value

$179.53

18% downside

86.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	4.96M	$952.0M	16.41%	-55.8K	2026-06-30
Vanguard Portfolio Management LLC	2.00M	$383.0M	6.61%	-30.5K	2026-06-30
Dimensional Fund Advisors LP	1.94M	$373.0M	6.43%	-3.4K	2026-06-30
American Century Companies Inc	1.76M	$338.0M	5.83%	+257.4K	2026-06-30
Vanguard Capital Management LLC	1.29M	$248.0M	4.29%	-34.2K	2026-06-30
State Street Corp	1.21M	$232.0M	4.00%	+485	2026-06-30
Geode Capital Management, LLC	799.0K	$153.0M	2.65%	+23.6K	2026-06-30
Capital Research Global Investors	679.7K	$130.0M	2.25%	+44.6K	2026-06-30
Fuller & Thaler Asset Management, Inc.	648.4K	$124.0M	2.15%	+35.2K	2026-06-30
T. Rowe Price Investment Management, Inc.	526.5K	$101.0M	1.74%	-1.3K	2026-06-30