Toll Brothers, Inc. (TOL)
Operative Builders
Latest Price
$145.89
TTM P/E
11.09
Normalized P/E
11.61
Div Yield
0.69%
Book Value
89.08
P/B Ratio
1.64
Valuation metrics
adjust assumptions →EPS: $13.49
Book value / share: $87.24
Formula: √(22.5 × EPS × BVPS)
Graham Number
$162.73
+12% upside
Norm. op. income: $1.5B (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$133.17
9% downside
Base FCF: $1.0B (median of recent 5yr)
Growth: 17%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$472.52
+224% upside
EPS: $13.49
Target P/E: 12×
Formula: EPS × P/E
P/E Fair Value
$161.88
+11% upside
Institutional Ownership
86.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9.95M | $1.36B | 10.46% | -122.6K | 2026-03-31 |
| GREENHAVEN ASSOCIATES INC | 5.65M | $770.0M | 5.93% | +42.1K | 2026-03-31 |
| Capital World Investors | 5.21M | $710.0M | 5.47% | +11.5K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.25M | $580.0M | 4.47% | -- | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.17M | $569.0M | 4.38% | -- | 2026-03-31 |
| FMR LLC | 3.51M | $478.0M | 3.68% | +192.1K | 2026-03-31 |
| STATE STREET CORP | 3.36M | $458.0M | 3.53% | -11.2K | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 2.99M | $408.0M | 3.14% | +100.7K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.38M | $324.0M | 2.50% | +72.4K | 2026-03-31 |
| AQR CAPITAL MANAGEMENT LLC | 1.77M | $238.0M | 1.86% | -434.5K | 2026-03-31 |