JOINT Corp (JYNT)

Patent Owners & Lessors

Latest Price

$8.47

TTM P/E

31.37

Normalized P/E

Div Yield

Book Value

1.11

P/B Ratio

7.61

Valuation metrics

EPS: $0.19

Book value / share: $1.06

Formula: √(22.5 × EPS × BVPS)

Graham Number

$2.13

75% downside

Norm. op. income: $828,254 (median of 7yr)

Tax rate: 6%

Discount rate: 10%

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

Earnings Power Value

$2.22

74% downside

Base FCF: $8M (median of recent 5yr)

Growth: -6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$6.11

28% downside

EPS: $0.19

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$5.89

30% downside

67.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Bandera Partners LLC	3.94M	$34.0M	27.73%	--	2026-06-30
Skylands Capital, LLC	895.6K	$7.0M	6.31%	+2.4K	2026-06-30
JCP Investment Management, LLC	593.9K	$5.0M	4.18%	--	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	557.1K	$4.0M	3.92%	-38.6K	2026-06-30
FIRST FOUNDATION ADVISORS	334.9K	$2.0M	2.36%	-3.0K	2026-06-30
BlackRock, Inc.	288.6K	$2.0M	2.03%	-465.9K	2026-06-30
Russell Investments Group, Ltd.	285.3K	$2.0M	2.01%	-36.5K	2026-06-30
JANE STREET GROUP, LLC	264.3K	$2.0M	1.86%	+174.6K	2026-06-30
CITADEL ADVISORS LLC	259.8K	$2.0M	1.83%	+95.6K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	224.7K	$1.0M	1.58%	-52.9K	2026-06-30