CF Industries Holdings, Inc. (CF)

Agricultural Chemicals

Latest Price

$125.19

TTM P/E

11.28

Normalized P/E

12.83

Div Yield

1.20%

Book Value

34.64

P/B Ratio

3.61

Valuation metrics

EPS: $8.97

Book value / share: $31.51

Formula: √(22.5 × EPS × BVPS)

Graham Number

$79.74

36% downside

Norm. op. income: $1.7B (median of 7yr)

Tax rate: 18%

Discount rate: 10%

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

Earnings Power Value

$84.94

32% downside

Base FCF: $2.3B (median of recent 5yr)

Growth: -6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$104.55

16% downside

EPS: $8.97

Target P/E: 13×

Formula: EPS × P/E

P/E Fair Value

$116.61

7% downside

96.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	12.19M	$1.58B	7.91%	-76.2K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	10.05M	$1.30B	6.52%	--	2026-03-31
STATE STREET CORP	7.89M	$1.02B	5.12%	+38.6K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	7.74M	$1.00B	5.02%	--	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	7.53M	$977.0M	4.88%	+604.8K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	5.18M	$715.0M	3.36%	+891.0K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	4.46M	$579.0M	2.89%	+146.7K	2026-03-31
FMR LLC	4.36M	$565.0M	2.83%	+3.4K	2026-03-31
AMERIPRISE FINANCIAL INC	3.13M	$406.0M	2.03%	-173.5K	2026-03-31
NORTHERN TRUST CORP	3.11M	$403.0M	2.01%	-40.9K	2026-03-31