IES Holdings, Inc. (IESC)

Electrical Work

Latest Price

$311.41

TTM P/E

15.56

Normalized P/E

35.61

Div Yield

Book Value

61.70

P/B Ratio

5.05

Valuation metrics

EPS: $15.02

Book value / share: $44.52

Formula: √(22.5 × EPS × BVPS)

Graham Number

$122.66

61% downside

Norm. op. income: $71M (median of 6yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$39.61

87% downside

Base FCF: $104M (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

$401.94

+29% upside

EPS: $15.02

Target P/E: 36×

Formula: EPS × P/E

P/E Fair Value

$540.72

+74% upside

97.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
GENDELL JEFFREY L	10.29M	$7.56B	51.66%	-46.7K	2026-06-30
FMR LLC	2.25M	$1.65B	11.27%	-126.2K	2026-06-30
BlackRock, Inc.	883.5K	$649.0M	4.43%	+173.9K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	420.4K	$308.0M	2.11%	-37.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	401.9K	$295.0M	2.02%	+3.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	380.3K	$279.0M	1.91%	-12.3K	2026-06-30
FIRST TRUST ADVISORS LP	346.7K	$254.0M	1.74%	-2.4K	2026-06-30
STATE STREET CORP	274.1K	$201.0M	1.38%	+66.5K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	267.0K	$196.0M	1.34%	-28.8K	2026-06-30
Capital International Investors	205.6K	$151.0M	1.03%	--	2026-06-30