TIDEWATER INC (TDW)

Water Transportation

Latest Price

$91.79

TTM P/E

18.73

Normalized P/E

44.21

Div Yield

Book Value

28.05

P/B Ratio

3.27

Valuation metrics

EPS: $6.64

Book value / share: $27.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$64.15

30% downside

Norm. op. income: $27M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

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

Earnings Power Value

$2.12

98% downside

Base FCF: $73M (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

$107.94

+18% upside

EPS: $6.64

Target P/E: 44×

Formula: EPS × P/E

P/E Fair Value

$292.16

+218% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.55M	$503.0M	15.18%	+307.4K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	3.68M	$245.0M	7.40%	+476.3K	2026-06-30
NEUBERGER BERMAN GROUP LLC	2.80M	$186.0M	5.63%	-468.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	2.76M	$184.0M	5.55%	+135.6K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	2.08M	$138.0M	4.18%	+243.1K	2026-06-30
STATE STREET CORP	2.03M	$135.0M	4.08%	+82.6K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.95M	$130.0M	3.93%	+10.4K	2026-06-30
BAILLIE GIFFORD & CO	1.67M	$111.0M	3.36%	+1.02M	2026-06-30
AMERICAN CENTURY COMPANIES INC	1.62M	$107.0M	3.25%	+282.5K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	1.48M	$98.0M	2.97%	+147.2K	2026-06-30