Spok Holdings, Inc (SPOK)

Radiotelephone Communications

Latest Price

$10.70

TTM P/E

18.77

Normalized P/E

20.19

Div Yield

11.68%

Book Value

6.71

P/B Ratio

1.59

Valuation metrics

EPS: $0.75

Book value / share: $7.10

Formula: √(22.5 × EPS × BVPS)

Graham Number

$10.95

+3% upside

Norm. op. income: $238,000 (median of 7yr)

Tax rate: 26%

Discount rate: 10%

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

Earnings Power Value

$1.31

88% downside

Base FCF: $23M (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

$20.72

+95% upside

EPS: $0.75

Target P/E: 20×

Formula: EPS × P/E

P/E Fair Value

$15.00

+41% upside

52.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.72M	$17.0M	8.22%	+43.0K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	1.15M	$11.0M	5.49%	-113.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	872.4K	$8.0M	4.17%	+12.8K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	717.6K	$7.0M	3.43%	+1.7K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	595.8K	$6.0M	2.85%	+50.1K	2026-06-30
STATE STREET CORP	471.6K	$4.0M	2.26%	+9.8K	2026-06-30
HighTower Advisors, LLC	339.9K	$3.0M	1.63%	-41.9K	2026-06-30
Qube Research & Technologies Ltd	287.6K	$2.0M	1.38%	+115.6K	2026-06-30
GOLDMAN SACHS GROUP INC	282.0K	$2.0M	1.35%	+62.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	273.3K	$2.0M	1.31%	+8.3K	2026-06-30