VERIZON COMMUNICATIONS INC (VZ)
Telephone Communications (No Radiotelephone)
Latest Price
$49.74
TTM P/E
12.92
Normalized P/E
11.97
Div Yield
5.62%
Book Value
25.13
P/B Ratio
1.98
Valuation metrics
adjust assumptions →Norm. op. income: $29.3B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$20.32
59% downside
Base FCF: $19.3B (median of recent 5yr)
Growth: 4%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$37.85
24% downside
EPS: $4.06
Target P/E: 12×
Formula: EPS × P/E
P/E Fair Value
$48.72
2% downside
Institutional Ownership
71.4% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 400.81M | $16.97B | 9.62% | +32.78M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 259.00M | $10.96B | 6.21% | -1.19M | 2026-06-30 |
| STATE STREET CORP | 209.68M | $8.88B | 5.03% | -5.18M | 2026-06-30 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 127.77M | $5.41B | 3.07% | +14.84M | 2026-06-30 |
| Sixth Street Partners Management Company, L.P. | 127.77M | $5.41B | 3.07% | -- | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 106.82M | $4.51B | 2.56% | +611.7K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 77.43M | $3.28B | 1.86% | +592.5K | 2026-06-30 |
| MORGAN STANLEY | 70.30M | $2.98B | 1.69% | -3.77M | 2026-06-30 |
| BANK OF AMERICA CORP /DE/ | 60.86M | $2.58B | 1.46% | -1.24M | 2026-06-30 |
| NORGES BANK | 54.31M | $2.30B | 1.30% | -3.57M | 2026-06-30 |