MSA Safety Inc (MSA)

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Latest Price

$182.18

TTM P/E

22.63

Normalized P/E

40.40

Div Yield

1.17%

Book Value

36.09

P/B Ratio

5.05

Valuation metrics

EPS: $7.09

Book value / share: $35.13

Formula: √(22.5 × EPS × BVPS)

Graham Number

$74.86

59% downside

Norm. op. income: $231M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$33.87

81% downside

Base FCF: $155M (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$89.55

50% downside

EPS: $7.09

Target P/E: 40×

Formula: EPS × P/E

P/E Fair Value

$283.60

+57% upside

84.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.33M	$581.0M	8.63%	+80.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.83M	$319.0M	4.74%	-13.6K	2026-06-30
Ruane, Cunniff & Goldfarb L.P.	1.72M	$300.0M	4.46%	-54.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.71M	$298.0M	4.43%	+5.1K	2026-06-30
STATE STREET CORP	1.63M	$283.0M	4.21%	+87.8K	2026-06-30
JPMORGAN CHASE & CO	796.8K	$137.0M	2.06%	-166.0K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	773.7K	$135.0M	2.00%	+15.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	691.8K	$120.0M	1.79%	-251	2026-06-30
M&G PLC	690.3K	$120.0M	1.79%	-7.7K	2026-06-30
Bank of New York Mellon Corp	672.8K	$117.0M	1.74%	-24.4K	2026-06-30