Quad/Graphics, Inc. (QUAD)

Commercial Printing

Latest Price

$7.20

TTM P/E

13.58

Normalized P/E

TTM Div Yield

5.21%

Fwd Div Yield

5.56%

Book Value

2.52

P/B Ratio

2.86

Valuation metrics

Base FCF: $77M (median of recent 5yr)

Growth: -12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1.79

81% downside

EPS: $0.54

Target P/E: 17×

Formula: EPS × P/E

P/E Fair Value

$9.18

4% downside

44.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Miller Value Partners, LLC	2.54M	$21.0M	5.32%	-112.7K	2026-06-30
BlackRock, Inc.	2.29M	$19.0M	4.80%	+269.4K	2026-06-30
Lsv Asset Management	1.37M	$11.0M	2.88%	+39.8K	2026-06-30
Vanguard Capital Management LLC	1.30M	$10.0M	2.73%	-83.8K	2026-06-30
Dimensional Fund Advisors LP	1.19M	$10.0M	2.50%	+59.0K	2026-06-30
Hotchkis & Wiley Capital Management LLC	1.05M	$8.0M	2.21%	+32.1K	2026-06-30
Geode Capital Management, LLC	773.4K	$6.0M	1.62%	+80.9K	2026-06-30
Renaissance Technologies LLC	672.9K	$5.0M	1.41%	-49.5K	2026-06-30
State Street Corp	637.5K	$5.0M	1.34%	+4.3K	2026-06-30
Great Valley Advisor Group, Inc.	622.3K	$5.0M	1.30%	+1.0K	2026-06-30