LIQUIDITY SERVICES INC (LQDT)

Services-Business Services, NEC

Latest Price

$43.38

TTM P/E

42.53

Normalized P/E

42.87

Div Yield

Book Value

7.61

P/B Ratio

5.70

Valuation metrics

EPS: $0.87

Book value / share: $5.45

Formula: √(22.5 × EPS × BVPS)

Graham Number

$10.33

76% downside

Norm. op. income: $26M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

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

Earnings Power Value

$10.07

77% downside

Base FCF: $59M (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

$55.23

+27% upside

EPS: $0.87

Target P/E: 43×

Formula: EPS × P/E

P/E Fair Value

$37.41

14% downside

62.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.59M	$140.0M	9.45%	+193.2K	2026-06-30
AMERIPRISE FINANCIAL INC	1.54M	$60.0M	4.04%	+91.7K	2026-06-30
TRUIST FINANCIAL CORP	1.45M	$56.0M	3.81%	--	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	1.44M	$56.0M	3.79%	-61.7K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	980.8K	$38.0M	2.58%	+71.7K	2026-06-30
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	954.7K	$37.0M	2.51%	+34.3K	2026-06-30
STATE STREET CORP	923.0K	$36.0M	2.43%	+51.9K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	915.1K	$35.0M	2.41%	+20.7K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	838.9K	$32.0M	2.21%	-11.5K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	661.4K	$25.0M	1.74%	-76.6K	2026-06-30