Where Food Comes From, Inc. (WFCF)

Services-Prepackaged Software

Latest Price

$13.00

TTM P/E

46.43

Normalized P/E

36.52

Div Yield

Book Value

1.75

P/B Ratio

7.43

Valuation metrics

EPS: $0.30

Book value / share: $1.84

Formula: √(22.5 × EPS × BVPS)

Graham Number

$3.52

73% downside

Norm. op. income: $2M (median of 7yr)

Tax rate: 29%

Discount rate: 10%

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

Earnings Power Value

$3.66

72% downside

Base FCF: $3M (median of recent 5yr)

Growth: -6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.43

66% downside

EPS: $0.30

Target P/E: 37×

Formula: EPS × P/E

P/E Fair Value

$11.10

15% downside

11.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Sanctuary Advisors, LLC	194.1K	$2.0M	3.90%	--	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	152.8K	$1.0M	3.07%	+4.6K	2026-06-30
BARD ASSOCIATES INC	58.5K	--	1.17%	+400	2026-06-30
OSAIC HOLDINGS, INC.	53.1K	--	1.07%	--	2026-06-30
Aristides Capital LLC	32.7K	--	0.66%	+100	2026-06-30
Cetera Investment Advisers	25.5K	--	0.51%	--	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	23.8K	--	0.48%	-3.0K	2026-06-30
VANGUARD FIDUCIARY TRUST CO	17.9K	--	0.36%	-1.3K	2026-06-30
BlackRock, Inc.	8.8K	--	0.18%	+1.8K	2026-06-30
UBS Group AG	1.2K	--	0.02%	+1.0K	2026-06-30