LINDSAY CORP (LNN)

Farm Machinery & Equipment

Latest Price

$118.81

TTM P/E

22.80

Normalized P/E

19.14

Div Yield

1.25%

Book Value

47.65

P/B Ratio

2.49

Valuation metrics

EPS: $6.78

Book value / share: $48.80

Formula: √(22.5 × EPS × BVPS)

Graham Number

$86.29

27% 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

$63.42

47% downside

Base FCF: $58M (median of recent 5yr)

Growth: -13%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$38.31

68% downside

EPS: $6.78

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$128.82

+8% upside

99.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.77M	$219.0M	16.92%	+32.8K	2026-06-30
NEUBERGER BERMAN GROUP LLC	911.9K	$112.0M	8.71%	+7.6K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	653.3K	$80.0M	6.24%	-2.4K	2026-06-30
STATE STREET CORP	493.3K	$61.0M	4.71%	+71.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	466.7K	$57.0M	4.46%	-8.6K	2026-06-30
Amundi	423.3K	$52.0M	4.04%	+165.7K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	408.3K	$50.0M	3.90%	+56.0K	2026-06-30
AMERICAN CENTURY COMPANIES INC	337.8K	$41.0M	3.23%	+120.2K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	281.7K	$34.0M	2.69%	+16.9K	2026-06-30
TWO SIGMA INVESTMENTS, LP	281.2K	$34.0M	2.68%	--	2026-06-30