Travelzoo (TZOO)

Services-Advertising

Latest Price

$5.03

TTM P/E

100.60

Normalized P/E

9.12

TTM Div Yield

Fwd Div Yield

Book Value

0.07

P/B Ratio

68.16

Valuation metrics

Norm. op. income: $8M (median of 7yr)

Tax rate: 34%

Discount rate: 10%

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

Earnings Power Value

$5.48

+3% upside

Base FCF: $10M (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

$71.85

+1246% upside

EPS: $0.41

Target P/E: 10×

Formula: EPS × P/E

P/E Fair Value

$4.10

23% downside

31.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Renaissance Technologies LLC	541.1K	$6.0M	5.29%	-23.0K	2026-06-30
Vanguard Capital Management LLC	281.7K	$3.0M	2.75%	-40.2K	2026-06-30
Truffle Hound Capital, LLC	244.3K	$2.0M	2.39%	--	2026-06-30
Dimensional Fund Advisors LP	196.6K	$2.0M	1.92%	-3.3K	2026-06-30
BlackRock, Inc.	166.7K	$1.0M	1.63%	-237.3K	2026-06-30
Marshall Wace, LLP	164.9K	$1.0M	1.61%	+128.3K	2026-06-30
Goldman Sachs Group Inc	160.3K	$1.0M	1.57%	-3.5K	2026-06-30
Hennion & Walsh Asset Management, Inc.	147.9K	$1.0M	1.45%	-1.9K	2026-06-30
AQR Capital Management LLC	140.3K	$1.0M	1.37%	+15.1K	2026-06-30
Jane Street Group, LLC	96.8K	$1.0M	0.95%	+65.5K	2026-06-30