NWPX Infrastructure, Inc. (NWPX)

Steel Pipe & Tubes

Latest Price

$97.81

TTM P/E

17.98

Normalized P/E

28.85

TTM Div Yield

Fwd Div Yield

Book Value

45.37

P/B Ratio

2.16

Valuation metrics

EPS: $3.56

Book value / share: $41.17

Formula: √(22.5 × EPS × BVPS)

Graham Number

$57.43

41% downside

Norm. op. income: $34M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$26.20

73% downside

Base FCF: $35M (median of recent 5yr)

Growth: 23%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$229.86

+135% upside

EPS: $3.56

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$110.36

+13% upside

90.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	902.8K	$135.0M	9.37%	+162.8K	2026-06-30
Dimensional Fund Advisors LP	635.3K	$95.0M	6.60%	-52.9K	2026-06-30
MIRAE ASSET GLOBAL ETFS Holdings Ltd.	588.1K	$88.0M	6.11%	--	2026-06-30
Vanguard Capital Management LLC	411.2K	$61.0M	4.27%	+3.4K	2026-06-30
American Century Companies Inc	396.2K	$59.0M	4.11%	+151.3K	2026-06-30
Geode Capital Management, LLC	298.0K	$44.0M	3.09%	+13.4K	2026-06-30
Royce & Associates LP	289.7K	$43.0M	3.01%	-115.0K	2026-06-30
Legal & General Group Plc	285.1K	$42.0M	2.96%	+21.9K	2026-06-30
DDD Partners, LLC	249.5K	$37.0M	2.59%	-175.2K	2026-06-30
State Street Corp	224.8K	$33.0M	2.33%	+3.6K	2026-06-30