Healthstream Inc (HSTM)

Services-Computer Programming, Data Processing, Etc.

Latest Price

$33.70

TTM P/E

46.81

Normalized P/E

62.29

TTM Div Yield

0.39%

Fwd Div Yield

0.42%

Book Value

12.21

P/B Ratio

2.76

Valuation metrics

EPS: $0.61

Book value / share: $11.97

Formula: √(22.5 × EPS × BVPS)

Graham Number

$12.82

62% downside

Norm. op. income: $16M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$5.45

84% downside

Base FCF: $56M (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$50.00

+48% upside

EPS: $0.61

Target P/E: 62×

Formula: EPS × P/E

P/E Fair Value

$37.82

+12% upside

73.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	4.08M	$111.0M	13.95%	+228.2K	2026-06-30
Dimensional Fund Advisors LP	1.56M	$42.0M	5.33%	+101.9K	2026-06-30
Copeland Capital Management, LLC	1.25M	$34.0M	4.27%	-28.4K	2026-06-30
Vanguard Capital Management LLC	1.05M	$28.0M	3.57%	-2.6K	2026-06-30
State Street Corp	1.00M	$27.0M	3.43%	+8.6K	2026-06-30
Vanguard Portfolio Management LLC	880.5K	$23.0M	3.01%	-41.3K	2026-06-30
Two Sigma Investments, LP	805.6K	$21.0M	2.76%	--	2026-06-30
Geode Capital Management, LLC	779.2K	$21.0M	2.66%	+64.5K	2026-06-30
Goldman Sachs Group Inc	665.9K	$18.0M	2.28%	+391.5K	2026-06-30
JPMorgan Chase & Co	635.6K	$17.0M	2.17%	+182.7K	2026-06-30