FORMFACTOR INC (FORM)

Semiconductors & Related Devices

Latest Price

$102.94

TTM P/E

78.73

Normalized P/E

114.47

Div Yield

Book Value

14.26

P/B Ratio

7.22

Valuation metrics

EPS: $0.69

Book value / share: $13.33

Formula: √(22.5 × EPS × BVPS)

Graham Number

$14.39

86% downside

Norm. op. income: $65M (median of 7yr)

Tax rate: 12%

Discount rate: 10%

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

Earnings Power Value

$8.49

92% downside

Base FCF: $67M (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

$5.63

95% downside

EPS: $0.69

Target P/E: 79×

Formula: EPS × P/E

P/E Fair Value

$54.51

47% downside

98.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	10.48M	$1.68B	13.42%	-1.76M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	5.24M	$838.0M	6.71%	-637.8K	2026-06-30
Andar Capital Management HK Ltd	4.32M	$27.0M	5.53%	--	2026-06-30
EARNEST PARTNERS LLC	3.76M	$601.0M	4.82%	-1.11M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	3.52M	$562.0M	4.50%	+42.8K	2026-06-30
STATE STREET CORP	2.58M	$412.0M	3.30%	-346.7K	2026-06-30
Polar Capital Holdings Plc	2.15M	$343.0M	2.75%	-146.2K	2026-06-30
JANE STREET GROUP, LLC	2.04M	$325.0M	2.61%	+1.03M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.83M	$294.0M	2.35%	-354.9K	2026-06-30
BANK OF AMERICA CORP /DE/	1.78M	$285.0M	2.28%	-697.4K	2026-06-30