Mueller Water Products, Inc. (MWA)

Miscellaneous Fabricated Metal Products

Latest Price

$22.78

TTM P/E

16.04

Normalized P/E

26.59

TTM Div Yield

1.22%

Fwd Div Yield

1.40%

Book Value

7.16

P/B Ratio

3.18

Valuation metrics

EPS: $1.22

Book value / share: $6.28

Formula: √(22.5 × EPS × BVPS)

Graham Number

$13.13

41% downside

Norm. op. income: $130M (median of 6yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$6.13

73% downside

Base FCF: $94M (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

$44.63

+99% upside

EPS: $1.22

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$31.72

+41% upside

90.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	25.69M	$663.0M	16.46%	+551.9K	2026-06-30
Vanguard Portfolio Management LLC	11.57M	$298.0M	7.41%	+223.2K	2026-06-30
Vanguard Capital Management LLC	7.03M	$181.0M	4.51%	+15.7K	2026-06-30
State Street Corp	6.33M	$163.0M	4.06%	+98.0K	2026-06-30
First Trust Advisors LP	6.10M	$157.0M	3.91%	+67.0K	2026-06-30
Geode Capital Management, LLC	5.03M	$129.0M	3.22%	+371.1K	2026-06-30
Fuller & Thaler Asset Management, Inc.	4.91M	$126.0M	3.14%	-261.9K	2026-06-30
Franklin Resources Inc	4.77M	$123.0M	3.06%	+1.40M	2026-06-30
Dimensional Fund Advisors LP	3.75M	$96.0M	2.40%	+146.2K	2026-06-30
Impax Asset Management Group plc	2.97M	$76.0M	1.90%	+19.2K	2026-06-30