AGILENT TECHNOLOGIES, INC. (A)

Laboratory Analytical Instruments

Latest Price

$138.37

TTM P/E

27.79

Normalized P/E

31.18

Div Yield

0.73%

Book Value

25.17

P/B Ratio

5.50

Valuation metrics

EPS: $4.57

Book value / share: $23.82

Formula: √(22.5 × EPS × BVPS)

Graham Number

$49.49

64% downside

Norm. op. income: $1.4B (median of 7yr)

Tax rate: 13%

Discount rate: 10%

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

Earnings Power Value

$36.05

74% downside

Base FCF: $1.3B (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

$27.17

80% downside

EPS: $4.57

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$141.67

+2% upside

86.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	25.90M	$2.95B	9.18%	+33.7K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	18.38M	$2.10B	6.51%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	14.35M	$1.64B	5.09%	--	2026-03-31
STATE STREET CORP	12.76M	$1.46B	4.52%	+82.8K	2026-03-31
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	12.62M	$1.47B	4.47%	-1.52M	2026-03-31
T. Rowe Price Investment Management, Inc.	8.99M	$1.02B	3.19%	+3.67M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	7.52M	$854.0M	2.67%	+96.2K	2026-03-31
WELLINGTON MANAGEMENT GROUP LLP	7.26M	$827.0M	2.57%	-333.7K	2026-03-31
DEUTSCHE BANK AG\	5.98M	$682.0M	2.12%	+436.0K	2026-03-31
MORGAN STANLEY	4.95M	$564.0M	1.75%	-92.8K	2026-03-31