EVOLUTION PETROLEUM CORP (EPM)

Crude Petroleum & Natural Gas

Latest Price

$3.69

TTM P/E

Normalized P/E

9.03

Div Yield

Book Value

1.72

P/B Ratio

2.15

Valuation metrics

EPS: $0.03

Book value / share: $2.09

Formula: √(22.5 × EPS × BVPS)

Graham Number

$1.19

68% downside

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

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$1.89

49% downside

Base FCF: $38M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.74

+28% upside

EPS: $0.03

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$0.27

93% downside

50.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	2.42M	$8.0M	6.75%	+50.9K	2026-06-30
WealthTrust Axiom LLC	2.21M	$8.0M	6.18%	+76.4K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.49M	$5.0M	4.16%	+35.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.27M	$4.0M	3.55%	+25.1K	2026-06-30
AMERICAN CENTURY COMPANIES INC	1.08M	$3.0M	3.00%	-9.3K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	1.03M	$3.0M	2.87%	+76.9K	2026-06-30
RAYMOND JAMES FINANCIAL INC	996.4K	$3.0M	2.78%	-33.1K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	885.7K	$3.0M	2.47%	+107.3K	2026-06-30
CWA Asset Management Group, LLC	805.8K	$2.0M	2.25%	+96.5K	2026-06-30
STATE STREET CORP	691.7K	$2.0M	1.93%	-813	2026-06-30