Sally Beauty Holdings, Inc. (SBH)

Retail-Retail Stores, NEC

Latest Price

$16.04

TTM P/E

8.35

Normalized P/E

9.22

Div Yield

Book Value

9.17

P/B Ratio

1.75

Valuation metrics

EPS: $1.89

Book value / share: $8.11

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.58

+19% upside

Norm. op. income: $328M (median of 7yr)

Tax rate: 26%

Discount rate: 10%

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

Earnings Power Value

$17.49

+12% upside

Base FCF: $159M (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$27.40

+75% upside

EPS: $1.89

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$17.01

+9% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	15.78M	$223.0M	16.77%	+605.6K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	6.43M	$90.0M	6.83%	--	2026-06-30
DIMENSIONAL FUND ADVISORS LP	6.05M	$85.0M	6.43%	+182.5K	2026-06-30
LSV ASSET MANAGEMENT	4.46M	$63.0M	4.74%	+578.3K	2026-06-30
STATE STREET CORP	4.44M	$62.0M	4.72%	+61.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	4.24M	$60.0M	4.51%	--	2026-06-30
Fisher Asset Management, LLC	3.76M	$53.0M	4.00%	-93.1K	2026-06-30
FMR LLC	3.74M	$52.0M	3.97%	+103.3K	2026-06-30
AMERICAN CENTURY COMPANIES INC	3.37M	$47.0M	3.58%	+535.5K	2026-06-30
VICTORY CAPITAL MANAGEMENT INC	3.31M	$46.0M	3.52%	+252.8K	2026-06-30