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Macy's, Inc. (M)
Retail-Department Stores
Latest Price
$23.86
TTM P/E
8.74
Normalized P/E
9.36
TTM Div Yield
3.14%
Fwd Div Yield
3.21%
Book Value
18.87
P/B Ratio
1.26
Valuation metrics
adjust assumptions →EPS: $2.32
Book value / share: $18.48
Formula: √(22.5 × EPS × BVPS)
Graham Number
$31.06
+30% upside
Norm. op. income: $1.0B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$25.50
+7% upside
Base FCF: $727M (median of recent 5yr)
Growth: -11%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$10.54
56% downside
EPS: $2.32
Target P/E: 9×
Formula: EPS × P/E
P/E Fair Value
$20.88
12% downside
Institutional Ownership
100.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 28.26M | $665.0M | 10.71% | -3.1K | 2026-06-30 |
| Dimensional Fund Advisors LP | 16.80M | $395.0M | 6.36% | +325.1K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 12.86M | $302.0M | 4.87% | -772.5K | 2026-06-30 |
| American Century Companies Inc | 11.03M | $259.0M | 4.18% | -1.11M | 2026-06-30 |
| Vanguard Capital Management LLC | 11.02M | $259.0M | 4.17% | -352.7K | 2026-06-30 |
| Sixth Street Partners Management Company, L.P. | 9.80M | $230.0M | 3.71% | -- | 2026-06-30 |
| Charles Schwab Investment Management Inc | 9.80M | $230.0M | 3.71% | +593.6K | 2026-06-30 |
| State Street Corp | 9.17M | $217.0M | 3.47% | -58.8K | 2026-06-30 |
| RWC Asset Management LLP | 8.94M | $210.0M | 3.39% | -2.33M | 2026-06-30 |
| Goldman Sachs Group Inc | 8.81M | $207.0M | 3.34% | +1.19M | 2026-06-30 |