Alcoa Corp (AA)

Primary Production of Aluminum

Latest Price

$39.19

TTM P/E

6.83

Normalized P/E

61.62

TTM Div Yield

0.77%

Fwd Div Yield

0.77%

Book Value

31.24

P/B Ratio

1.25

Valuation metrics

EPS: $4.37

Book value / share: $23.54

Formula: √(22.5 × EPS × BVPS)

Graham Number

$48.11

+23% upside

Norm. op. income: $445M (median of 7yr)

Tax rate: 45%

Discount rate: 10%

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

Earnings Power Value

$6.07

85% downside

Base FCF: $436M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$25.02

36% downside

EPS: $4.37

Target P/E: 62×

Formula: EPS × P/E

P/E Fair Value

$270.94

+591% upside

83.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	29.32M	$1.53B	11.10%	+923.1K	2026-06-30
FMR LLC	17.00M	$886.0M	6.44%	+4.14M	2026-06-30
Vanguard Portfolio Management LLC	13.00M	$677.0M	4.92%	+351.0K	2026-06-30
Vanguard Capital Management LLC	11.93M	$621.0M	4.52%	+149.4K	2026-06-30
Eagle Capital Management LLC	11.88M	$619.0M	4.50%	-2.22M	2026-06-30
State Street Corp	10.88M	$567.0M	4.12%	-5.6K	2026-06-30
Citadel Advisors LLC	6.31M	$328.0M	2.39%	+2.72M	2026-06-30
Dimensional Fund Advisors LP	5.85M	$304.0M	2.21%	-2.78M	2026-06-30
Geode Capital Management, LLC	5.83M	$304.0M	2.21%	-112.9K	2026-06-30
Jane Street Group, LLC	4.25M	$221.0M	1.61%	+84.8K	2026-06-30