LSI INDUSTRIES INC (LYTS)

Electric Lighting & Wiring Equipment

Latest Price

$20.00

TTM P/E

26.67

Normalized P/E

26.91

Div Yield

1.00%

Book Value

11.19

P/B Ratio

1.79

Valuation metrics

Norm. op. income: $36M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$0.71

96% downside

Base FCF: $39M (median of recent 5yr)

Growth: -7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1.15

94% downside

EPS: $0.67

Target P/E: 27×

Formula: EPS × P/E

P/E Fair Value

$18.09

10% downside

86.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	3.99M	$105.0M	10.78%	+3.78M	2026-06-30
BlackRock, Inc.	2.71M	$72.0M	7.34%	+591.7K	2026-06-30
SYSTEMATIC FINANCIAL MANAGEMENT LP	2.38M	$63.0M	6.43%	-124.2K	2026-06-30
ROYCE & ASSOCIATES LP	1.84M	$48.0M	4.97%	+318.2K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.56M	$41.0M	4.21%	+94.4K	2026-06-30
AltraVue Capital, LLC	1.39M	$36.0M	3.76%	-62.3K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	1.37M	$36.0M	3.71%	+70.0K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.37M	$36.0M	3.70%	-97.7K	2026-06-30
Thrivent Financial for Lutherans	1.01M	$26.0M	2.74%	+39.5K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	908.0K	$24.0M	2.46%	+184.0K	2026-06-30