LAMAR ADVERTISING CO/NEW (LAMR)

Real Estate Investment Trusts

Latest Price

$149.08

TTM P/E

27.20

Normalized P/E

31.99

Div Yield

4.39%

Book Value

9.81

P/B Ratio

15.20

Valuation metrics

EPS: $5.77

Book value / share: $10.08

Formula: √(22.5 × EPS × BVPS)

Graham Number

$36.18

76% downside

Norm. op. income: $532M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

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

Earnings Power Value

$19.19

87% downside

EPS: $5.77

Target P/E: 32×

Formula: EPS × P/E

P/E Fair Value

$184.64

+24% upside

83.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.61M	$1.50B	9.48%	-368.1K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	7.51M	$1.17B	7.40%	+21.3K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	3.93M	$612.0M	3.87%	+29.6K	2026-06-30
FMR LLC	3.17M	$494.0M	3.13%	-633.1K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	2.81M	$437.0M	2.77%	+273.9K	2026-06-30
STATE STREET CORP	2.73M	$425.0M	2.69%	+49.6K	2026-06-30
Jupiter Topco LLC	2.72M	$424.0M	2.69%	--	2026-06-30
VICTORY CAPITAL MANAGEMENT INC	2.34M	$365.0M	2.31%	-568.1K	2026-06-30
Boston Partners	2.32M	$361.0M	2.28%	+80.6K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	2.13M	$331.0M	2.10%	+27.1K	2026-06-30