Armstrong World Industries Inc (AWI)

Plastics Products, NEC

Latest Price

$166.34

TTM P/E

22.21

Normalized P/E

28.37

TTM Div Yield

0.82%

Fwd Div Yield

0.90%

Book Value

21.15

P/B Ratio

7.87

Valuation metrics

EPS: $7.08

Book value / share: $20.99

Formula: √(22.5 × EPS × BVPS)

Graham Number

$57.82

65% downside

Norm. op. income: $317M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$50.14

70% downside

Base FCF: $150M (median of recent 5yr)

Growth: 24%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$234.17

+41% upside

EPS: $7.08

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$198.24

+19% upside

99.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.16M	$827.0M	12.18%	-49.6K	2026-06-30
Vanguard Portfolio Management LLC	2.22M	$356.0M	5.24%	-13.6K	2026-06-30
Vanguard Capital Management LLC	1.92M	$308.0M	4.55%	+5.7K	2026-06-30
London Co of Virginia	1.64M	$263.0M	3.88%	-79.0K	2026-06-30
State Street Corp	1.44M	$230.0M	3.40%	+23.6K	2026-06-30
Bank of Montreal	1.10M	$177.0M	2.61%	-120.7K	2026-06-30
Fuller & Thaler Asset Management, Inc.	1.10M	$176.0M	2.60%	+60.6K	2026-06-30
Citadel Advisors LLC	1.05M	$167.0M	2.47%	+241.5K	2026-06-30
Geode Capital Management, LLC	1.04M	$167.0M	2.46%	+35.0K	2026-06-30
Egerton Capital (UK) LLP	925.4K	$148.0M	2.19%	+477.4K	2026-06-30