Academy Sports & Outdoors, Inc. (ASO)

Retail-Miscellaneous Shopping Goods Stores

Latest Price

$59.20

TTM P/E

9.90

Normalized P/E

9.37

TTM Div Yield

0.73%

Fwd Div Yield

1.01%

Book Value

35.38

P/B Ratio

1.67

Valuation metrics

EPS: $5.54

Book value / share: $33.43

Formula: √(22.5 × EPS × BVPS)

Graham Number

$64.56

+9% upside

Norm. op. income: $595M (median of 6yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$69.33

+17% upside

Base FCF: $444M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$26.78

55% downside

EPS: $5.54

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$55.40

6% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.93M	$468.0M	16.01%	+87.8K	2026-06-30
FMR LLC	9.29M	$437.0M	14.97%	-693.9K	2026-06-30
Dimensional Fund Advisors LP	4.09M	$192.0M	6.59%	+59.9K	2026-06-30
Vanguard Portfolio Management LLC	3.82M	$180.0M	6.16%	-9.7K	2026-06-30
Lsv Asset Management	3.20M	$150.0M	5.16%	+153.1K	2026-06-30
Vanguard Capital Management LLC	2.91M	$137.0M	4.69%	-85.6K	2026-06-30
State Street Corp	2.73M	$129.0M	4.40%	+64.1K	2026-06-30
American Century Companies Inc	2.38M	$112.0M	3.84%	-19.9K	2026-06-30
Geode Capital Management, LLC	2.21M	$104.0M	3.56%	+114.3K	2026-06-30
Westwood Holdings Group Inc	1.51M	$70.0M	2.43%	-96.9K	2026-06-30