EXPAND ENERGY Corp (EXE)

Crude Petroleum & Natural Gas

Latest Price

$90.44

TTM P/E

7.82

Normalized P/E

6.87

TTM Div Yield

Fwd Div Yield

Book Value

84.23

P/B Ratio

1.07

Valuation metrics

EPS: $7.57

Book value / share: $77.28

Formula: √(22.5 × EPS × BVPS)

Graham Number

$114.73

+25% upside

Norm. op. income: $1.2B (median of 6yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$21.64

76% downside

Base FCF: $1.1B (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

$1.96

98% downside

EPS: $7.57

Target P/E: 7×

Formula: EPS × P/E

P/E Fair Value

$52.99

42% downside

95.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	19.50M	$1.78B	8.42%	+860.3K	2026-06-30
Vanguard Capital Management LLC	15.62M	$1.42B	6.75%	+72.5K	2026-06-30
State Street Corp	15.62M	$1.42B	6.75%	+1.12M	2026-06-30
Vanguard Portfolio Management LLC	11.83M	$1.08B	5.11%	+476.6K	2026-06-30
Geode Capital Management, LLC	6.73M	$611.0M	2.91%	+110.5K	2026-06-30
Capital Research Global Investors	6.64M	$605.0M	2.87%	-155.1K	2026-06-30
Invesco Ltd.	6.06M	$552.0M	2.62%	+1.14M	2026-06-30
Victory Capital Management Inc	5.40M	$492.0M	2.33%	+635.7K	2026-06-30
AQR Capital Management LLC	5.38M	$491.0M	2.33%	+1.53M	2026-06-30
Oaktree Capital Management LP	5.24M	$477.0M	2.26%	--	2026-06-30