YELP INC (YELP)

Services-Personal Services

Latest Price

$21.14

TTM P/E

10.16

Normalized P/E

14.34

Div Yield

Book Value

11.30

P/B Ratio

1.87

Valuation metrics

EPS: $2.24

Book value / share: $11.86

Formula: √(22.5 × EPS × BVPS)

Graham Number

$24.45

+16% upside

Norm. op. income: $58M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

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

Earnings Power Value

$12.39

41% downside

Base FCF: $248M (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

$87.04

+312% upside

EPS: $2.24

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$31.36

+48% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.66M	$236.0M	17.57%	-303.9K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	4.16M	$102.0M	7.58%	-814.3K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	3.14M	$76.0M	5.71%	+454.2K	2026-06-30
LSV ASSET MANAGEMENT	2.78M	$68.0M	5.05%	-53.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.36M	$57.0M	4.30%	-240.4K	2026-06-30
STATE STREET CORP	2.26M	$55.0M	4.12%	-128.5K	2026-06-30
AMERICAN CENTURY COMPANIES INC	1.86M	$45.0M	3.38%	+361.9K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.85M	$45.0M	3.36%	+20.5K	2026-06-30
Allianz Asset Management GmbH	1.51M	$36.0M	2.74%	+33.8K	2026-06-30
FMR LLC	1.26M	$30.0M	2.29%	+554.5K	2026-06-30