TRINITY INDUSTRIES INC (TRN)

Railroad Equipment

Latest Price

$28.50

TTM P/E

6.92

Normalized P/E

14.59

Div Yield

4.32%

Book Value

14.36

P/B Ratio

1.98

Valuation metrics

EPS: $3.05

Book value / share: $12.99

Formula: √(22.5 × EPS × BVPS)

Graham Number

$29.86

+5% upside

Norm. op. income: $416M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

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

Earnings Power Value

$40.86

+44% upside

Base FCF: $417M (median of recent 5yr)

Growth: 16%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$196.94

+595% upside

EPS: $3.05

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$42.70

+51% upside

94.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	13.36M	$461.0M	16.78%	+370.4K	2026-06-30
Capital International Investors	5.75M	$199.0M	7.23%	+234.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	5.68M	$196.0M	7.13%	+372.2K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	4.85M	$167.0M	6.10%	+52.6K	2026-06-30
AMERICAN CENTURY COMPANIES INC	4.32M	$149.0M	5.43%	+715.1K	2026-06-30
STATE STREET CORP	4.12M	$142.0M	5.18%	+245.4K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	3.58M	$123.0M	4.49%	-5.4K	2026-06-30
GOLDMAN SACHS GROUP INC	2.55M	$88.0M	3.20%	+921.0K	2026-06-30
JENNISON ASSOCIATES LLC	2.33M	$80.0M	2.93%	-110.3K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	2.04M	$70.0M	2.57%	+99.0K	2026-06-30