F5, INC. (FFIV)

Computer Communications Equipment

Latest Price

$411.71

TTM P/E

32.81

Normalized P/E

46.53

Div Yield

Book Value

67.97

P/B Ratio

6.06

Valuation metrics

EPS: $11.80

Book value / share: $30.54

Formula: √(22.5 × EPS × BVPS)

Graham Number

$90.04

78% downside

Norm. op. income: $473M (median of 7yr)

Tax rate: 19%

Discount rate: 10%

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

Earnings Power Value

$90.07

78% downside

Base FCF: $615M (median of recent 5yr)

Growth: 11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$298.72

27% downside

EPS: $11.80

Target P/E: 47×

Formula: EPS × P/E

P/E Fair Value

$554.60

+35% upside

96.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.28M	$2.61B	11.05%	+44.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	3.69M	$1.53B	6.49%	+17.2K	2026-06-30
STATE STREET CORP	3.10M	$1.29B	5.45%	+119.5K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.81M	$1.17B	4.94%	-167.6K	2026-06-30
Jericho Capital Asset Management L.P.	2.12M	$881.0M	3.73%	-524.3K	2026-06-30
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	2.06M	$857.0M	3.63%	-2.52M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.78M	$740.0M	3.13%	+36.6K	2026-06-30
FIRST TRUST ADVISORS LP	1.54M	$640.0M	2.71%	+63.2K	2026-06-30
Invesco Ltd.	1.39M	$576.0M	2.44%	-59.7K	2026-06-30
JANE STREET GROUP, LLC	1.03M	$429.0M	1.82%	+963.6K	2026-06-30