Suburban Propane Partners LP (SPH)

Retail-Miscellaneous Retail

Latest Price

$18.01

TTM P/E

9.28

Normalized P/E

9.15

TTM Div Yield

Fwd Div Yield

7.77%

Book Value

P/B Ratio

Valuation metrics

EPS: $1.62

Book value / share: $9.05

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.16

+1% upside

Norm. op. income: $206M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

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

Earnings Power Value

$11.32

37% downside

Base FCF: $176M (median of recent 5yr)

Growth: -3%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$7.54

58% downside

EPS: $1.62

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$14.58

19% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Alps Advisors Inc	14.72M	$251.0M	--	-655.4K	2026-06-30
MIRAE ASSET GLOBAL ETFS Holdings Ltd.	4.53M	$77.0M	--	--	2026-06-30
Goldman Sachs Group Inc	1.58M	$26.0M	--	+155.8K	2026-06-30
JPMorgan Chase & Co	1.43M	$25.0M	--	+117.0K	2026-06-30
Bowen Hanes & Co Inc	1.02M	$20.0M	--	--	2026-06-30
Morgan Stanley	636.9K	$10.0M	--	-285.4K	2026-06-30
UBS Group AG	514.2K	$8.0M	--	+141.2K	2026-06-30
Blackstone Inc.	421.3K	$7.0M	--	-19.6K	2026-06-30
Jane Street Group, LLC	340.8K	$5.0M	--	+301.9K	2026-06-30
Citadel Advisors LLC	217.7K	$3.0M	--	+82.2K	2026-06-30