Broadcom Inc. (AVGO)

Semiconductors & Related Devices

Latest Price

$360.83

TTM P/E

46.48

Normalized P/E

23.96

Div Yield

0.70%

Book Value

20.92

P/B Ratio

17.25

Valuation metrics

EPS: $4.77

Book value / share: $17.15

Formula: √(22.5 × EPS × BVPS)

Graham Number

$42.90

88% downside

Norm. op. income: $13.5B (median of 7yr)

Tax rate: 7%

Discount rate: 10%

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

Earnings Power Value

$16.71

95% downside

Base FCF: $17.6B (median of recent 5yr)

Growth: 19%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$164.81

54% downside

EPS: $4.77

Target P/E: 24×

Formula: EPS × P/E

P/E Fair Value

$114.48

68% downside

79.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	398.29M	$150.45B	8.37%	+12.27M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	309.17M	$116.79B	6.50%	+1.15M	2026-06-30
STATE STREET CORP	196.90M	$74.38B	4.14%	+5.52M	2026-06-30
FMR LLC	144.36M	$54.53B	3.03%	+20.25M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	127.00M	$47.97B	2.67%	-1.42M	2026-06-30
Capital World Investors	121.89M	$46.04B	2.56%	+5.70M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	116.39M	$43.86B	2.45%	+2.11M	2026-06-30
Capital Research Global Investors	113.13M	$42.73B	2.38%	-2.90M	2026-06-30
JPMORGAN CHASE & CO	95.02M	$35.39B	2.00%	+1.26M	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	82.85M	$31.30B	1.74%	-1.62M	2026-06-30