Teradyne, Inc (TER)

Instruments For Meas & Testing of Electricity & Elec Signals

Latest Price

$400.91

TTM P/E

55.07

Normalized P/E

93.11

Div Yield

0.12%

Book Value

21.96

P/B Ratio

18.26

Valuation metrics

EPS: $3.47

Book value / share: $17.91

Formula: √(22.5 × EPS × BVPS)

Graham Number

$37.40

91% downside

Norm. op. income: $650M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

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

Earnings Power Value

$37.00

91% downside

Base FCF: $450M (median of recent 5yr)

Growth: 7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$57.72

86% downside

EPS: $3.47

Target P/E: 93×

Formula: EPS × P/E

P/E Fair Value

$322.71

20% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	19.44M	$9.40B	12.43%	+3.13M	2026-06-30
Andar Capital Management HK Ltd	18.29M	$37.0M	11.70%	+18.25M	2026-06-30
Vanguard Capital Management LLC	10.23M	$4.95B	6.54%	+49.2K	2026-06-30
Vanguard Portfolio Management LLC	8.63M	$4.18B	5.52%	+30.9K	2026-06-30
State Street Corp	7.29M	$3.53B	4.66%	+320.0K	2026-06-30
Invesco Ltd.	6.68M	$3.23B	4.27%	+4.16M	2026-06-30
JPMorgan Chase & Co	5.57M	$2.58B	3.56%	+2.07M	2026-06-30
Jane Street Group, LLC	5.25M	$2.54B	3.35%	+4.45M	2026-06-30
Geode Capital Management, LLC	4.60M	$2.22B	2.94%	+233.6K	2026-06-30
FMR LLC	4.11M	$1.99B	2.63%	+496.3K	2026-06-30