Paymentus Holdings, Inc. (PAY)

Services-Business Services, NEC

Latest Price

$36.01

TTM P/E

54.56

Normalized P/E

124.17

Div Yield

Book Value

4.88

P/B Ratio

7.38

Valuation metrics

EPS: $0.52

Book value / share: $4.34

Formula: √(22.5 × EPS × BVPS)

Graham Number

$7.13

80% downside

Norm. op. income: $18M (median of 5yr)

Tax rate: 15%

Discount rate: 10%

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

Earnings Power Value

$3.68

90% downside

Base FCF: $63M (median of recent 5yr)

Growth: 13%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$17.33

52% downside

EPS: $0.52

Target P/E: 55×

Formula: EPS × P/E

P/E Fair Value

$28.60

21% downside

45.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital International Investors	7.07M	$170.0M	5.62%	+195.1K	2026-06-30
WASATCH ADVISORS LP	6.19M	$149.0M	4.92%	-1.71M	2026-06-30
BlackRock, Inc.	4.64M	$112.0M	3.69%	+3.62M	2026-06-30
Capital World Investors	4.28M	$103.0M	3.40%	+61.7K	2026-06-30
BROWN BROTHERS HARRIMAN & CO	2.82M	$68.0M	2.24%	+669.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.56M	$61.0M	2.04%	+444.4K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.52M	$60.0M	2.01%	+89.6K	2026-06-30
FULLER & THALER ASSET MANAGEMENT, INC.	1.95M	$47.0M	1.55%	-5.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.47M	$35.0M	1.17%	+770.4K	2026-06-30
FRANKLIN RESOURCES INC	1.29M	$31.0M	1.03%	-1.07M	2026-06-30