Shoals Technologies Group, Inc. (SHLS)

Semiconductors & Related Devices

Latest Price

$7.06

TTM P/E

37.16

Normalized P/E

22.06

Div Yield

Book Value

3.67

P/B Ratio

1.92

Valuation metrics

EPS: $0.20

Book value / share: $3.56

Formula: √(22.5 × EPS × BVPS)

Graham Number

$4.00

43% downside

Norm. op. income: $56M (median of 5yr)

Tax rate: 22%

Discount rate: 10%

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

Earnings Power Value

$1.80

74% downside

Base FCF: $72M (median of recent 5yr)

Growth: 7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$7.49

+6% upside

EPS: $0.20

Target P/E: 22×

Formula: EPS × P/E

P/E Fair Value

$4.40

38% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	28.73M	$284.0M	17.12%	+8.88M	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	21.60M	$213.0M	12.87%	+2.01M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	7.44M	$73.0M	4.43%	+73.9K	2026-06-30
Invesco Ltd.	7.16M	$70.0M	4.27%	-619.5K	2026-06-30
STATE STREET CORP	6.05M	$59.0M	3.61%	+44.0K	2026-06-30
T. Rowe Price Investment Management, Inc.	6.04M	$59.0M	3.60%	+1.01M	2026-06-30
Amundi	5.37M	$53.0M	3.20%	-360.2K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	4.75M	$46.0M	2.83%	+186.6K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	4.59M	$45.0M	2.74%	+321.7K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	4.50M	$44.0M	2.68%	-1.39M	2026-06-30