Inspire Medical Systems, Inc. (INSP)

Surgical & Medical Instruments & Apparatus

Latest Price

$74.60

TTM P/E

16.47

Normalized P/E

107.18

Div Yield

Book Value

28.63

P/B Ratio

2.61

Valuation metrics

EPS: $4.89

Book value / share: $27.33

Formula: √(22.5 × EPS × BVPS)

Graham Number

$54.84

26% downside

Base FCF: $40M (median of recent 5yr)

Growth: -14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$16.40

78% downside

EPS: $4.89

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$78.24

+5% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	4.74M	$211.0M	16.39%	+1.19M	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	2.38M	$106.0M	8.24%	-153.3K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.09M	$93.0M	7.23%	+451.8K	2026-06-30
Soleus Capital Management, L.P.	1.93M	$86.0M	6.68%	+1.36M	2026-06-30
AQR CAPITAL MANAGEMENT LLC	1.86M	$80.0M	6.42%	+1.55M	2026-06-30
UBS Group AG	1.65M	$73.0M	5.69%	+1.01M	2026-06-30
D. E. Shaw & Co., Inc.	1.47M	$65.0M	5.09%	+270.8K	2026-06-30
NOMURA HOLDINGS INC	1.37M	$61.0M	4.74%	+1.20M	2026-06-30
DEERFIELD MANAGEMENT COMPANY, L.P.	1.30M	$57.0M	4.49%	-1.41M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.27M	$56.0M	4.40%	+4.2K	2026-06-30