NETFLIX INC (NFLX)

Services-Video Tape Rental

Latest Price

$76.03

TTM P/E

Normalized P/E

7.47

Div Yield

Book Value

7.17

P/B Ratio

10.61

Valuation metrics

EPS: $2.53

Book value / share: $6.30

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.94

75% downside

Norm. op. income: $6.2B (median of 7yr)

Tax rate: 13%

Discount rate: 10%

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

Earnings Power Value

$11.51

85% downside

Base FCF: $6.9B (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

$120.76

+59% upside

EPS: $2.53

Target P/E: 7×

Formula: EPS × P/E

P/E Fair Value

$17.71

77% downside

85.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	348.77M	$24.90B	8.38%	+2.40M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	275.03M	$19.64B	6.60%	+626.3K	2026-06-30
STATE STREET CORP	180.13M	$12.86B	4.33%	+8.47M	2026-06-30
FMR LLC	135.94M	$9.71B	3.26%	-68.71M	2026-06-30
Invesco Ltd.	135.42M	$9.67B	3.25%	+92.56M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	110.31M	$7.85B	2.65%	+6.78M	2026-06-30
MORGAN STANLEY	99.72M	$7.12B	2.39%	+705.3K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	93.58M	$6.68B	2.25%	-5.45M	2026-06-30
Capital World Investors	87.34M	$6.24B	2.10%	-11.77M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	75.06M	$5.36B	1.80%	-342.2K	2026-06-30