Rimini Street, Inc. (RMNI)

Services-Business Services, NEC

Latest Price

$4.58

TTM P/E

65.36

Normalized P/E

23.34

Div Yield

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $22M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$2.47

46% downside

Base FCF: $43M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$8.65

+90% upside

EPS: $0.39

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$8.97

+98% upside

66.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
ADAMS STREET PARTNERS LLC	23.57M	$100.0M	25.25%	--	2026-06-30
Conifer Management, L.L.C.	5.91M	$25.0M	6.34%	--	2026-06-30
BROOKTREE CAPITAL MANAGEMENT	4.02M	$17.0M	4.31%	+65.4K	2026-06-30
BlackRock, Inc.	3.69M	$15.0M	3.96%	+326.0K	2026-06-30
Caption Management, LLC	2.45M	$10.0M	2.62%	+1.15M	2026-06-30
Mink Brook Asset Management LLC	2.37M	$10.0M	2.54%	+448.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.36M	$10.0M	2.53%	-293.8K	2026-06-30
Pacific Ridge Capital Partners, LLC	2.04M	$8.0M	2.19%	+130.9K	2026-06-30
Samjo Management, LLC	1.87M	$7.0M	2.01%	+220.2K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.52M	$6.0M	1.63%	-20.1K	2026-06-30