Virtu Financial, Inc. (VIRT)

Security Brokers, Dealers & Flotation Companies

Latest Price

$57.94

TTM P/E

9.62

Normalized P/E

16.94

Div Yield

0.41%

Book Value

21.50

P/B Ratio

2.69

Valuation metrics

EPS: $5.13

Book value / share: $18.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$46.27

20% downside

Norm. op. income: $645M (median of 7yr)

Tax rate: 17%

Discount rate: 10%

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

Earnings Power Value

$50.51

13% downside

Base FCF: $587M (median of recent 5yr)

Growth: -2%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$58.52

+1% upside

EPS: $5.13

Target P/E: 17×

Formula: EPS × P/E

P/E Fair Value

$87.21

+51% upside

94.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	11.73M	$698.0M	13.38%	+778.1K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	5.98M	$356.0M	6.83%	+446.0K	2026-06-30
FMR LLC	4.72M	$281.0M	5.39%	-62.7K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	3.71M	$220.0M	4.23%	+101.4K	2026-06-30
STATE STREET CORP	3.07M	$182.0M	3.50%	+159.2K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	2.87M	$170.0M	3.27%	-60.5K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	2.85M	$169.0M	3.25%	+1.48M	2026-06-30
Allspring Global Investments Holdings, LLC	2.39M	$147.0M	2.72%	+457.7K	2026-06-30
Portolan Capital Management, LLC	2.14M	$127.0M	2.45%	+930.3K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.83M	$108.0M	2.08%	-94.9K	2026-06-30