CHOICE HOTELS INTERNATIONAL INC /DE (CHH)

Hotels & Motels

Latest Price

$96.77

TTM P/E

13.71

Normalized P/E

16.01

Div Yield

1.19%

Book Value

3.13

P/B Ratio

30.94

Valuation metrics

EPS: $7.90

Book value / share: $3.94

Formula: √(22.5 × EPS × BVPS)

Graham Number

$26.46

73% downside

Norm. op. income: $429M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$31.10

68% downside

EPS: $7.90

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$126.40

+31% upside

74.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BAMCO INC /NY/	9.33M	$1.03B	20.65%	+1.64M	2026-06-30
MORGAN STANLEY	2.89M	$318.0M	6.40%	-344.6K	2026-06-30
BlackRock, Inc.	2.27M	$249.0M	5.02%	+114.6K	2026-06-30
Balyasny Asset Management L.P.	1.15M	$127.0M	2.55%	-18.2K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.10M	$120.0M	2.43%	+27.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.07M	$118.0M	2.38%	-19.1K	2026-06-30
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	917.2K	$101.0M	2.03%	-2.30M	2026-06-30
Voss Capital, LP	910.0K	$100.0M	2.01%	-57.5K	2026-06-30
CITADEL ADVISORS LLC	763.6K	$84.0M	1.69%	+364.7K	2026-06-30
STATE STREET CORP	746.6K	$82.0M	1.65%	+13.1K	2026-06-30