Par Pacific Holdings, Inc. (PARR)

Crude Petroleum & Natural Gas

Latest Price

$73.31

TTM P/E

4.31

Normalized P/E

9.88

TTM Div Yield

Fwd Div Yield

Book Value

39.53

P/B Ratio

1.85

Valuation metrics

EPS: $7.16

Book value / share: $30.85

Formula: √(22.5 × EPS × BVPS)

Graham Number

$70.49

5% downside

Norm. op. income: $148M (median of 7yr)

Tax rate: 12%

Discount rate: 10%

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

Earnings Power Value

$13.63

82% downside

Base FCF: $400M (median of recent 5yr)

Growth: 24%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$566.06

+660% upside

EPS: $7.16

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$71.60

4% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.17M	$402.0M	14.78%	-237.9K	2026-06-30
State Street Corp	3.35M	$187.0M	6.90%	+257.6K	2026-06-30
Invesco Ltd.	2.75M	$153.0M	5.66%	+743.8K	2026-06-30
Vanguard Capital Management LLC	2.13M	$119.0M	4.39%	+41.9K	2026-06-30
American Century Companies Inc	2.11M	$118.0M	4.35%	+303.9K	2026-06-30
Arrowstreet Capital, Limited Partnership	1.77M	$99.0M	3.66%	+1.5K	2026-06-30
Dimensional Fund Advisors LP	1.76M	$98.0M	3.63%	-2.6K	2026-06-30
Vanguard Portfolio Management LLC	1.61M	$90.0M	3.32%	-451.6K	2026-06-30
Geode Capital Management, LLC	1.46M	$82.0M	3.01%	+60.4K	2026-06-30
Sixth Street Partners Management Company, L.P.	1.03M	$57.0M	2.12%	--	2026-06-30