SHOE CARNIVAL INC (SCVL)

Retail-Shoe Stores

Latest Price

$17.43

TTM P/E

12.91

Normalized P/E

6.97

Div Yield

3.56%

Book Value

24.59

P/B Ratio

0.71

Valuation metrics

EPS: $1.90

Book value / share: $24.46

Formula: √(22.5 × EPS × BVPS)

Graham Number

$32.33

+86% upside

Norm. op. income: $80M (median of 6yr)

Tax rate: 25%

Discount rate: 10%

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

Earnings Power Value

$25.89

+49% upside

Base FCF: $59M (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

$40.88

+135% upside

EPS: $1.90

Target P/E: 7×

Formula: EPS × P/E

P/E Fair Value

$13.30

24% downside

68.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.96M	$29.0M	7.14%	+197.5K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.53M	$22.0M	5.57%	-126.0K	2026-06-30
LSV ASSET MANAGEMENT	806.8K	$11.0M	2.95%	+540.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	788.6K	$11.0M	2.88%	+15.3K	2026-06-30
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	763.2K	$11.0M	2.79%	+245.3K	2026-06-30
AMERICAN CENTURY COMPANIES INC	730.3K	$10.0M	2.67%	+63.0K	2026-06-30
GOLDMAN SACHS GROUP INC	642.1K	$9.0M	2.34%	-469.5K	2026-06-30
MORGAN STANLEY	635.9K	$9.0M	2.32%	+88.3K	2026-06-30
ROYCE & ASSOCIATES LP	549.8K	$8.0M	2.01%	-3.3K	2026-06-30
JACOBS LEVY EQUITY MANAGEMENT, INC	497.7K	$7.0M	1.82%	+395.5K	2026-06-30