Matson, Inc. (MATX)

Water Transportation

Latest Price

$202.59

TTM P/E

15.03

Normalized P/E

11.92

Div Yield

0.35%

Book Value

89.81

P/B Ratio

2.26

Valuation metrics

EPS: $13.81

Book value / share: $90.76

Formula: √(22.5 × EPS × BVPS)

Graham Number

$167.93

17% downside

Norm. op. income: $500M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$121.65

40% downside

Base FCF: $458M (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1,111.98

+449% upside

EPS: $13.81

Target P/E: 12×

Formula: EPS × P/E

P/E Fair Value

$165.72

18% downside

83.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.01M	$821.0M	16.49%	-62.2K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	2.03M	$332.0M	6.66%	--	2026-03-31
DIMENSIONAL FUND ADVISORS LP	1.95M	$319.0M	6.40%	-36.1K	2026-03-31
AMERICAN CENTURY COMPANIES INC	1.50M	$246.0M	4.94%	+181.6K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	1.33M	$217.0M	4.37%	--	2026-03-31
STATE STREET CORP	1.21M	$197.0M	3.97%	-434	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	775.4K	$127.0M	2.55%	+10.1K	2026-03-31
Capital Research Global Investors	635.1K	$104.0M	2.09%	-26.5K	2026-03-31
FULLER & THALER ASSET MANAGEMENT, INC.	613.2K	$100.0M	2.02%	+4.8K	2026-03-31
T. Rowe Price Investment Management, Inc.	527.8K	$86.0M	1.74%	+312.8K	2026-03-31