CVR ENERGY INC (CVI)

Petroleum Refining

Latest Price

$52.17

TTM P/E

75.61

Normalized P/E

23.00

Div Yield

Book Value

5.22

P/B Ratio

9.99

Valuation metrics

EPS: $0.27

Book value / share: $7.26

Formula: √(22.5 × EPS × BVPS)

Graham Number

$6.64

87% downside

Norm. op. income: $182M (median of 7yr)

Tax rate: 20%

Discount rate: 10%

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

Earnings Power Value

$2.73

95% downside

Base FCF: $484M (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$30.14

42% downside

EPS: $0.27

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$6.21

88% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
ICAHN CARL C	71.20M	$1.96B	70.85%	--	2026-06-30
BlackRock, Inc.	5.20M	$143.0M	5.18%	+410.1K	2026-06-30
STATE STREET CORP	2.15M	$59.0M	2.14%	+213.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.08M	$57.0M	2.07%	-106.3K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	2.05M	$56.0M	2.04%	+143.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.35M	$37.0M	1.35%	+7.1K	2026-06-30
JANE STREET GROUP, LLC	1.21M	$33.0M	1.20%	+967.3K	2026-06-30
Allianz Asset Management GmbH	945.3K	$26.0M	0.94%	-47.2K	2026-06-30
CITADEL ADVISORS LLC	894.0K	$24.0M	0.89%	+17.0K	2026-06-30
CastleKnight Management LP	876.6K	$24.0M	0.87%	-571.9K	2026-06-30