Core & Main, Inc. (CNM)

Wholesale-Durable Goods, NEC

Latest Price

$44.25

TTM P/E

18.21

Normalized P/E

20.31

TTM Div Yield

Fwd Div Yield

Book Value

10.88

P/B Ratio

4.07

Valuation metrics

EPS: $2.31

Book value / share: $10.09

Formula: √(22.5 × EPS × BVPS)

Graham Number

$22.90

48% downside

Norm. op. income: $425M (median of 3yr)

Tax rate: 20%

Discount rate: 10%

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

Earnings Power Value

$7.65

83% downside

Base FCF: $403M (median of recent 3yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$25.11

43% downside

EPS: $2.31

Target P/E: 20×

Formula: EPS × P/E

P/E Fair Value

$46.20

+4% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.36M	$885.0M	9.79%	-848.3K	2026-06-30
Capital World Investors	11.47M	$553.0M	6.12%	-98.3K	2026-06-30
FMR LLC	8.96M	$432.0M	4.78%	+3.56M	2026-06-30
Vanguard Capital Management LLC	8.52M	$410.0M	4.54%	+51.8K	2026-06-30
Vanguard Portfolio Management LLC	8.25M	$398.0M	4.40%	+432.2K	2026-06-30
First Trust Advisors LP	6.25M	$301.0M	3.33%	+118.0K	2026-06-30
Morgan Stanley	6.04M	$291.0M	3.22%	+604.6K	2026-06-30
State Street Corp	5.91M	$285.0M	3.15%	+128.3K	2026-06-30
Select Equity Group, L.P.	5.84M	$281.0M	3.11%	-1.41M	2026-06-30
Royal London Asset Management Ltd	5.49M	$264.0M	2.93%	-264.0K	2026-06-30