NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)

Coating, Engraving & Allied Services

Latest Price

$7.96

TTM P/E

Normalized P/E

26.82

Div Yield

0.38%

Book Value

7.67

P/B Ratio

1.04

Valuation metrics

Norm. op. income: $6M (median of 7yr)

Tax rate: 20%

Discount rate: 10%

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

Earnings Power Value

$5.87

26% downside

Base FCF: $2M (median of recent 5yr)

Growth: -7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$2.51

69% downside

29.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
NEEDHAM INVESTMENT MANAGEMENT LLC	800.0K	$6.0M	8.42%	+35.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	393.3K	$3.0M	4.14%	+9.5K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	335.7K	$2.0M	3.53%	+2.3K	2026-06-30
Peapod Lane Capital LLC	176.1K	$1.0M	1.85%	+33.5K	2026-06-30
BALLAST ADVISORS LLC	158.7K	$1.0M	1.67%	-12.3K	2026-06-30
North Star Investment Management Corp.	148.0K	$1.0M	1.56%	--	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	122.6K	$1.0M	1.29%	+3.8K	2026-06-30
Dynamic Advisor Solutions LLC	91.7K	--	0.97%	+3.6K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	89.0K	--	0.94%	-2.5K	2026-06-30
RBF Capital, LLC	59.6K	--	0.63%	--	2026-06-30