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Ken GriffinHeld
Citadel Advisors · Q2 2026
$2.37M
40.34K shares · 0.0% of portfolio
Exponent Inc
Exponent Inc (EXPO) is listed on NASDAQ and classified in Engineering & Construction, part of the Industrials sector. It is headquartered in Menlo Park, United States and has 1,012 employees. The company is worth $3.67B and trades at 34.6x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $582.01M in fiscal 2025, up 4.2% from the year before. Net income was $106.01M. The share price is 5.9% below its 52-week high of $81.95. It pays a dividend yielding 1.60%, and has raised its annual dividend for 11 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $67.27M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -38.3% over 5Y.
today you would have $667.66▼ -33.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $69.46 | $89.10 | $88.04 | $99.09 | $116.73 | $90.03 | $69.01 | $50.71 | $35.55 | $30.15 | $24.98 | $20.63 | $19.32 | $13.96 | $11.49 | $9.39 | $6.96 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 6.0% a year plus a 1.6% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 34.7 across this company’s own years on record.
Cash flow growing 6.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 6.0% a year against a 7.5% required return, from the stock’s beta.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| GPGIGPGI, Inc. | $12.55 | — | 1.1x | 0.08% | -20.62% | $3.64B |
| SEBSeaboard Corp | $3,863.58 | 5.9x | 0.7x | 0.23% | 12.33% | $3.7B |
| PRIMPrimoris Services Corp | $66.94 | 28.4x | 2.2x | 0.48% | 8.89% | $3.63B |
| MIRMirion Technologies, Inc. | $14.92 |
| 34.7x |
| 33.6x |
| 42.2x |
| 45.4x |
| 50.6x |
| 61.4x |
| 58.1x |
| 45.1x |
| 38.1x |
| 46.2x |
| 34.7x |
| 31.2x |
| 28.1x |
| 28.0x |
| 21.5x |
| 20.7x |
| 20.5x |
| 18.9x |
| P/S | 5.3x | 5.9x | 8.1x | 8.3x | 9.8x | 13.0x | 11.7x | 8.6x | 6.9x | 5.3x | 4.9x | 4.1x | 3.5x | 3.4x | 2.5x | 2.2x | 2.3x | 1.8x |
| P/B | 6.3x | 8.8x | 10.8x | 12.5x | 15.6x | 14.6x | 12.9x | 10.2x | 8.3x | 6.3x | 5.6x | 4.9x | 4.3x | 4.3x | 3.4x | 3.3x | 3.1x | 2.8x |
| EPS | $2.07 | $2.11 | $1.94 | $1.96 | $1.90 | $1.55 | $1.53 | $1.33 | $0.77 | $0.87 | $0.80 | $0.74 | $0.69 | $0.65 | $0.56 | $0.46 | $0.37 |
| Dividend yield | 1.18% | 1.73% | 1.26% | 1.18% | 0.97% | 0.69% | 0.84% | 0.93% | 1.03% | 1.18% | 1.19% | 1.20% | 1.21% | 0.78% | — | — | — | — |
| Payout | 42.11% | 57.97% | 53.08% | 53.61% | 48.98% | 42.11% | 49.03% | 41.83% | 39.10% | 54.55% | 41.38% | 37.50% | 34.01% | 21.74% | — | — | — | — |
| Profit margin | 15.07% | 18.21% | 19.52% | 18.69% | 19.94% | 21.70% | 20.64% | 19.77% | 19.04% | 11.88% | 15.07% | 13.94% | 13.36% | 13.05% | 12.72% | 12.00% | 11.06% | 9.71% |
| ROE | 17.51% | 27.16% | 25.89% | 28.18% | 31.90% | 24.27% | 22.84% | 23.54% | 23.02% | 14.29% | 17.37% | 16.59% | 16.66% | 16.44% | 17.20% | 17.51% | 14.97% | 14.74% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-30.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 165.8x |
| 2.0x |
| 0.00% |
| 1.51% |
| $3.72B |
| SKYWSkywest Inc | $95.73 | 9.5x | 1.3x | 0.00% | 15.34% | $3.72B |
| CARAvis Budget Group Inc | $101.55 | — | — | 0.00% | — | $3.59B |
