Clearfield, Inc. (CLFD)

Telephone & Telegraph Apparatus

Latest Price

$33.26

TTM P/E

Normalized P/E

35.66

TTM Div Yield

Fwd Div Yield

Book Value

18.10

P/B Ratio

1.84

Valuation metrics

Norm. op. income: $8M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$12.21

63% downside

Base FCF: $12M (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$37.16

+12% upside

62.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
AIGH Capital Management LLC	1.01M	$40.0M	7.42%	--	2026-06-30
BlackRock, Inc.	957.4K	$38.0M	7.04%	+59.6K	2026-06-30
ACK Asset Management LLC	810.2K	$32.0M	5.96%	+75.0K	2026-06-30
Vanguard Capital Management LLC	481.8K	$19.0M	3.54%	-28.0K	2026-06-30
Mairs & Power Inc	385.3K	$15.0M	2.83%	-346.5K	2026-06-30
Vanguard Portfolio Management LLC	371.2K	$14.0M	2.73%	+15.5K	2026-06-30
State Street Corp	363.2K	$14.0M	2.67%	+41.0K	2026-06-30
Dimensional Fund Advisors LP	357.1K	$14.0M	2.63%	+3.6K	2026-06-30
Geode Capital Management, LLC	302.0K	$12.0M	2.22%	+16.2K	2026-06-30
Punch & Associates Investment Management, Inc.	277.6K	$11.0M	2.04%	-12.0K	2026-06-30