Golden Heaven Group Holdings (Golden Heaven Group Holdings) Graham Number : $1.83 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Graham Number?

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2024-05-12), the stock price of Golden Heaven Group Holdings is $0.2652. Golden Heaven Group Holdings's graham number for the quarter that ended in Sep. 2023 was $1.83. Therefore, Golden Heaven Group Holdings's Price to Graham Number ratio for today is 0.14.

The historical rank and industry rank for Golden Heaven Group Holdings's Graham Number or its related term are showing as below:

GDHG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.14 Med: 4.21 Max: 4.21
Current: 0.14

During the past 4 years, the highest Price to Graham Number ratio of Golden Heaven Group Holdings was 4.21. The lowest was 0.14. And the median was 4.21.

GDHG's Price-to-Graham-Number is ranked better than
99.37% of 474 companies
in the Travel & Leisure industry
Industry Median: 1.455 vs GDHG: 0.14

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.

Golden Heaven Group Holdings Graham Number Historical Data

The historical data trend for Golden Heaven Group Holdings's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Golden Heaven Group Holdings Graham Number Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Graham Number

1.26

2.16

2.48

1.87

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Graham Number	Get a 7-Day Free Trial			2.16	2.26	2.44	2.67	1.83

Competitive Comparison of Golden Heaven Group Holdings's Graham Number

For the Leisure subindustry, Golden Heaven Group Holdings's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golden Heaven Group Holdings's Price-to-Graham-Number Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Price-to-Graham-Number falls into.

Golden Heaven Group Holdings Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Golden Heaven Group Holdings's Graham Number for the fiscal year that ended in Sep. 2023 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI)
=	sqrt of (22.5	*	1.18	*	0.132)
=	1.87

Golden Heaven Group Holdings's Graham Number for the quarter that ended in Sep. 2023 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI (TTM))
=	sqrt of (22.5	*	1.18	*	0.126)
=	1.83

Golden Heaven Group Holdings (NAS:GDHG) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Golden Heaven Group Holdings's Price to Graham number Ratio for today is calculated as

Price to Graham number	=	Share Price (Today)	/	Graham number (Q: Sep. 2023 )
	=	0.2652	/	1.83
	=	0.14

Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.

Golden Heaven Group Holdings Graham Number Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Graham Number

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.