ACACIA RESEARCH CORP (ACTG)

Patent Owners & Lessors

Latest Price

$4.43

TTM P/E

Normalized P/E

18.62

Div Yield

Book Value

5.48

P/B Ratio

0.81

Valuation metrics

EPS: $0.22

Book value / share: $5.63

Formula: √(22.5 × EPS × BVPS)

Graham Number

$5.28

+19% upside

Base FCF: $37M (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

$9.83

+122% upside

EPS: $0.22

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$4.18

6% downside

87.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Starboard Value LP	61.12M	$294.0M	63.28%	--	2026-03-31
STATE STREET CORP	3.11M	$14.0M	3.21%	-40.9K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	2.85M	$13.0M	2.95%	+95.1K	2026-03-31
BlackRock, Inc.	2.41M	$11.0M	2.49%	+42.5K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	1.60M	$7.0M	1.65%	--	2026-03-31
RENAISSANCE TECHNOLOGIES LLC	1.41M	$6.0M	1.46%	+12.3K	2026-03-31
Krilogy Financial LLC	1.13M	$5.0M	1.17%	-115.9K	2026-03-31
Peapod Lane Capital LLC	1.09M	$5.0M	1.13%	+245.4K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	857.7K	$4.0M	0.89%	+11.4K	2026-03-31
Formidable Asset Management, LLC	838.9K	$3.0M	0.87%	-32.0K	2026-03-31