Sirius XM Holdings Inc. (SIRI)

Radio Broadcasting Stations

Latest Price

$25.88

TTM P/E

10.39

Normalized P/E

Div Yield

3.13%

Book Value

35.38

P/B Ratio

0.73

Valuation metrics

EPS: $2.23

Book value / share: $34.52

Formula: √(22.5 × EPS × BVPS)

Graham Number

$41.62

+61% upside

Norm. op. income: $1.6B (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$11.98

54% downside

Base FCF: $1.2B (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$8.38

68% downside

EPS: $2.23

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$22.30

14% downside

85.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Berkshire Hathaway Inc	124.81M	$3.69B	37.03%	--	2026-06-30
BlackRock, Inc.	17.60M	$519.0M	5.22%	+7.98M	2026-06-30
Dimensional Fund Advisors LP	10.51M	$310.0M	3.12%	+4.21M	2026-06-30
Vanguard Portfolio Management LLC	9.08M	$268.0M	2.70%	+377.9K	2026-06-30
Vanguard Capital Management LLC	8.39M	$247.0M	2.49%	+83.2K	2026-06-30
Kontiki Capital Management (HK) Ltd.	6.08M	$179.0M	1.80%	--	2026-06-30
State Street Corp	5.99M	$177.0M	1.78%	+2.44M	2026-06-30
Citadel Advisors LLC	5.31M	$156.0M	1.58%	+390.5K	2026-06-30
Boston Partners	5.08M	$150.0M	1.51%	--	2026-06-30
Goldman Sachs Group Inc	4.81M	$142.0M	1.43%	+774.0K	2026-06-30