Shake Shack Inc. (SHAK)

Retail-Eating & Drinking Places

Latest Price

$58.27

TTM P/E

Normalized P/E

227.62

Div Yield

Book Value

13.49

P/B Ratio

4.32

Valuation metrics

EPS: $1.09

Book value / share: $12.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$17.55

70% downside

Norm. op. income: $3M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

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

Earnings Power Value

$3.24

94% downside

Base FCF: $46M (median of recent 5yr)

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

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$84.64

+45% upside

EPS: $1.09

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$16.35

72% downside

96.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.18M	$346.0M	15.31%	+424.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.40M	$134.0M	5.95%	+101.7K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.75M	$98.0M	4.34%	+17.0K	2026-06-30
STATE STREET CORP	1.57M	$87.0M	3.89%	+85.0K	2026-06-30
MARSHALL WACE, LLP	1.39M	$77.0M	3.44%	+493.6K	2026-06-30
UBS Group AG	1.35M	$75.0M	3.34%	+452.9K	2026-06-30
MORGAN STANLEY	1.08M	$60.0M	2.67%	+613.4K	2026-06-30
Van Berkom & Associates Inc.	1.06M	$59.0M	2.62%	+208.8K	2026-06-30
BAMCO INC /NY/	1.04M	$58.0M	2.57%	--	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.01M	$56.0M	2.49%	+57.6K	2026-06-30