ACM Research, Inc. (ACMR)

Special Industry Machinery, NEC

Latest Price

$66.86

TTM P/E

31.84

Normalized P/E

45.79

Div Yield

Book Value

27.82

P/B Ratio

2.40

Valuation metrics

EPS: $1.37

Book value / share: $21.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.90

61% downside

Norm. op. income: $59M (median of 7yr)

Tax rate: 17%

Discount rate: 10%

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

Earnings Power Value

$14.81

78% downside

Base FCF: $70M (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

$25.23

62% downside

EPS: $1.37

Target P/E: 46×

Formula: EPS × P/E

P/E Fair Value

$63.02

6% downside

76.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	8.66M	$1.10B	12.76%	+676.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.35M	$425.0M	4.93%	+1.15M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.46M	$312.0M	3.63%	+198.4K	2026-06-30
Capital World Investors	2.40M	$304.0M	3.53%	--	2026-06-30
STATE STREET CORP	2.19M	$277.0M	3.22%	+182.1K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.49M	$188.0M	2.19%	+116.6K	2026-06-30
JANE STREET GROUP, LLC	1.45M	$183.0M	2.13%	+1.03M	2026-06-30
Tidal Investments LLC	1.37M	$174.0M	2.02%	+746.2K	2026-06-30
Invesco Ltd.	1.17M	$148.0M	1.72%	+383.0K	2026-06-30
CITADEL ADVISORS LLC	1.07M	$136.0M	1.58%	+518.8K	2026-06-30