Green Brick Partners, Inc. (GRBK)

Operative Builders

Latest Price

$64.12

TTM P/E

9.66

Normalized P/E

9.51

TTM Div Yield

Fwd Div Yield

Book Value

44.68

P/B Ratio

1.44

Valuation metrics

EPS: $7.07

Book value / share: $43.03

Formula: √(22.5 × EPS × BVPS)

Graham Number

$82.73

+29% upside

Norm. op. income: $391M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$68.67

+7% upside

Base FCF: $147M (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$250.32

+290% upside

EPS: $7.07

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$70.70

+10% upside

80.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
DME Capital Management, LP	9.47M	$757.0M	22.01%	--	2026-06-30
BlackRock, Inc.	4.87M	$389.0M	11.32%	+4.8K	2026-06-30
Dimensional Fund Advisors LP	1.89M	$151.0M	4.39%	+126.5K	2026-06-30
FMR LLC	1.72M	$137.0M	4.01%	+66.7K	2026-06-30
State Street Corp	1.51M	$120.0M	3.50%	+45.9K	2026-06-30
Vanguard Capital Management LLC	1.36M	$108.0M	3.17%	-1.5K	2026-06-30
Geode Capital Management, LLC	785.8K	$62.0M	1.83%	+34.8K	2026-06-30
Price T Rowe Associates Inc	715.9K	$57.0M	1.66%	+129.3K	2026-06-30
Vanguard Portfolio Management LLC	659.5K	$52.0M	1.53%	+60.1K	2026-06-30
Salem Investment Counselors Inc	643.0K	$51.0M	1.50%	+1.2K	2026-06-30