ARTS WAY MANUFACTURING CO INC (ARTW)

Farm Machinery & Equipment

Latest Price

$3.04

TTM P/E

Normalized P/E

28.31

Div Yield

Book Value

2.66

P/B Ratio

1.14

Valuation metrics

EPS: $0.20

Book value / share: $2.61

Formula: √(22.5 × EPS × BVPS)

Graham Number

$3.43

+13% upside

Norm. op. income: $332,680 (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$0.01

100% downside

Base FCF: $2M (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

$5.88

+93% upside

EPS: $0.20

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$5.60

+84% upside

6.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
RENAISSANCE TECHNOLOGIES LLC	134.1K	--	2.60%	-7.4K	2026-06-30
CITADEL ADVISORS LLC	47.4K	--	0.92%	+34.8K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	47.3K	--	0.92%	+2.6K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	34.4K	--	0.67%	--	2026-06-30
LPL Financial LLC	25.2K	--	0.49%	+2.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	23.2K	--	0.45%	--	2026-06-30
XTX Topco Ltd	15.7K	--	0.30%	+729	2026-06-30
STATE STREET CORP	12.1K	--	0.23%	--	2026-06-30
OSAIC HOLDINGS, INC.	10.5K	--	0.20%	+2.2K	2026-06-30
Tower Research Capital LLC (TRC)	2.3K	--	0.05%	+503	2026-06-30