WESTWOOD HOLDINGS GROUP INC (WHG)

Investment Advice

Latest Price

$18.77

TTM P/E

21.57

Normalized P/E

31.17

Div Yield

Book Value

14.74

P/B Ratio

1.27

Valuation metrics

EPS: $0.79

Book value / share: $14.11

Formula: √(22.5 × EPS × BVPS)

Graham Number

$15.83

16% downside

Norm. op. income: $5M (median of 7yr)

Tax rate: 30%

Discount rate: 10%

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

Earnings Power Value

$8.99

52% downside

Base FCF: $20M (median of recent 5yr)

Growth: 7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$51.09

+172% upside

EPS: $0.79

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$24.49

+30% upside

55.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Allspring Global Investments Holdings, LLC	592.6K	$11.0M	6.65%	-20.5K	2026-06-30
BlackRock, Inc.	582.2K	$11.0M	6.54%	+72.8K	2026-06-30
WESTWOOD HOLDINGS GROUP INC	519.0K	$9.0M	5.83%	+74.7K	2026-06-30
Settian Capital LP	470.5K	$9.0M	5.28%	--	2026-06-30
North Star Investment Management Corp.	387.8K	$7.0M	4.35%	+7.0K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	328.6K	$6.0M	3.69%	-22.2K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	327.0K	$6.0M	3.67%	+6.5K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	284.4K	$5.0M	3.19%	+4.8K	2026-06-30
KING LUTHER CAPITAL MANAGEMENT CORP	185.0K	$3.0M	2.08%	--	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	172.5K	$3.0M	1.94%	+12.2K	2026-06-30