Newmarket Corp (NEU)

Industrial Organic Chemicals

Latest Price

$897.52

TTM P/E

19.30

Normalized P/E

22.46

Div Yield

1.31%

Book Value

199.90

P/B Ratio

4.49

Valuation metrics

EPS: $44.44

Book value / share: $189.23

Formula: √(22.5 × EPS × BVPS)

Graham Number

$434.98

52% downside

Norm. op. income: $355M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$213.43

76% downside

Base FCF: $462M (median of recent 5yr)

Growth: -14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$140.52

84% downside

EPS: $44.44

Target P/E: 22×

Formula: EPS × P/E

P/E Fair Value

$977.68

+9% upside

64.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	703.1K	$556.0M	7.65%	-13.6K	2026-06-30
London Co of Virginia	488.5K	$386.0M	5.31%	+27.5K	2026-06-30
Vanguard Portfolio Management LLC	416.1K	$329.0M	4.52%	-34.4K	2026-06-30
Vanguard Capital Management LLC	348.8K	$276.0M	3.79%	-5.5K	2026-06-30
Boston Partners	323.9K	$255.0M	3.52%	+72.8K	2026-06-30
AQR Capital Management LLC	270.0K	$213.0M	2.94%	+151.7K	2026-06-30
Lsv Asset Management	237.8K	$188.0M	2.59%	-28.6K	2026-06-30
State Street Corp	234.1K	$185.0M	2.55%	+422	2026-06-30
American Century Companies Inc	209.4K	$165.0M	2.28%	+40.8K	2026-06-30
Dimensional Fund Advisors LP	205.7K	$162.0M	2.24%	+11.2K	2026-06-30