UNIVERSAL DISPLAY CORP \PA\ (OLED)

Electronic Components & Accessories

Latest Price

$76.62

TTM P/E

20.18

Normalized P/E

18.88

Div Yield

2.27%

Book Value

35.96

P/B Ratio

2.13

Valuation metrics

EPS: $5.08

Book value / share: $37.26

Formula: √(22.5 × EPS × BVPS)

Graham Number

$65.26

15% downside

Norm. op. income: $228M (median of 7yr)

Tax rate: 18%

Discount rate: 10%

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

Earnings Power Value

$52.03

32% downside

Base FCF: $148M (median of recent 5yr)

Growth: -1%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$46.73

39% downside

EPS: $5.08

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$96.52

+26% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
XXEC, Inc.	227.40M	$2.51B	--	+227.02M	2026-06-30
BlackRock, Inc.	4.32M	$373.0M	9.34%	+28.5K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.97M	$257.0M	6.43%	+49.0K	2026-06-30
STATE STREET CORP	2.20M	$190.0M	4.75%	+382.8K	2026-06-30
PRIMECAP MANAGEMENT CO/CA/	2.20M	$190.0M	4.75%	+8.4K	2026-06-30
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	2.17M	$187.0M	4.69%	-1.05M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.99M	$172.0M	4.30%	+8.2K	2026-06-30
FIRST TRUST ADVISORS LP	1.47M	$127.0M	3.18%	+495.5K	2026-06-30
MARSHALL WACE, LLP	1.34M	$116.0M	2.90%	+674.2K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.29M	$111.0M	2.80%	+43.8K	2026-06-30