CONMED Corp (CNMD)

Electromedical & Electrotherapeutic Apparatus

Latest Price

$47.20

TTM P/E

Normalized P/E

34.17

TTM Div Yield

Fwd Div Yield

Book Value

34.35

P/B Ratio

1.37

Valuation metrics

EPS: $1.51

Book value / share: $33.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$33.66

29% downside

Norm. op. income: $103M (median of 7yr)

Tax rate: 19%

Discount rate: 10%

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

Earnings Power Value

$1.30

97% downside

Base FCF: $106M (median of recent 5yr)

Growth: 12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$69.40

+46% upside

EPS: $1.51

Target P/E: 35×

Formula: EPS × P/E

P/E Fair Value

$52.85

+11% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	4.82M	$157.0M	16.08%	-4.4K	2026-06-30
Earnest Partners LLC	2.51M	$81.0M	8.35%	-64.4K	2026-06-30
Vanguard Portfolio Management LLC	2.19M	$71.0M	7.30%	+112.3K	2026-06-30
Fuller & Thaler Asset Management, Inc.	1.58M	$51.0M	5.27%	-61.8K	2026-06-30
State Street Corp	1.42M	$46.0M	4.73%	+33.5K	2026-06-30
Vanguard Capital Management LLC	1.36M	$44.0M	4.52%	-28.3K	2026-06-30
Bank of America Corp	1.34M	$43.0M	4.47%	-61.2K	2026-06-30
Dimensional Fund Advisors LP	1.32M	$43.0M	4.39%	-75.5K	2026-06-30
Sei Investments Co	988.2K	$32.0M	3.30%	-16.6K	2026-06-30
Invenomic Capital Management LP	842.2K	$27.0M	2.81%	-92.4K	2026-06-30