Boston Beer Co Inc (SAM)

Malt Beverages

Latest Price

$164.02

TTM P/E

Normalized P/E

73.86

Div Yield

Book Value

68.53

P/B Ratio

2.39

Valuation metrics

EPS: $9.89

Book value / share: $77.38

Formula: √(22.5 × EPS × BVPS)

Graham Number

$131.22

20% downside

Norm. op. income: $100M (median of 7yr)

Tax rate: 28%

Discount rate: 10%

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

Earnings Power Value

$86.37

47% downside

Base FCF: $187M (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

$1,287.21

+685% upside

EPS: $9.89

Target P/E: 75×

Formula: EPS × P/E

P/E Fair Value

$741.75

+352% upside

83.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.02M	$179.0M	9.77%	+245.0K	2026-06-30
Vanguard Portfolio Management LLC	609.4K	$107.0M	5.87%	-25.1K	2026-06-30
AQR Capital Management LLC	540.0K	$95.0M	5.20%	-112.0K	2026-06-30
UBS Group AG	437.8K	$77.0M	4.21%	+219.2K	2026-06-30
American Century Companies Inc	385.3K	$68.0M	3.71%	+97.2K	2026-06-30
Vanguard Capital Management LLC	345.8K	$61.0M	3.33%	+4.9K	2026-06-30
Arrowstreet Capital, Limited Partnership	321.1K	$56.0M	3.09%	+75.8K	2026-06-30
Dimensional Fund Advisors LP	320.9K	$56.0M	3.09%	+47.3K	2026-06-30
State Street Corp	314.7K	$55.0M	3.03%	+59.5K	2026-06-30
Millennium Management LLC	283.5K	$50.0M	2.73%	+186.9K	2026-06-30