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PT Amman Mineral Internasional Tbk (ISX:AMMN) Graham Number : Rp1,487.94 (As of Dec. 2023)


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What is PT Amman Mineral Internasional Tbk 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 (2024-05-22), the stock price of PT Amman Mineral Internasional Tbk is Rp10500.00. PT Amman Mineral Internasional Tbk's graham number for the quarter that ended in Dec. 2023 was Rp1,487.94. Therefore, PT Amman Mineral Internasional Tbk's Price to Graham Number ratio for today is 7.06.

The historical rank and industry rank for PT Amman Mineral Internasional Tbk's Graham Number or its related term are showing as below:

ISX:AMMN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 4.4   Med: 4.4   Max: 7.06
Current: 7.06

During the past 4 years, the highest Price to Graham Number ratio of PT Amman Mineral Internasional Tbk was 7.06. The lowest was 4.40. And the median was 4.40.

ISX:AMMN's Price-to-Graham-Number is ranked worse than
96.69% of 484 companies
in the Metals & Mining industry
Industry Median: 1.2 vs ISX:AMMN: 7.06

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


PT Amman Mineral Internasional Tbk Graham Number Historical Data

The historical data trend for PT Amman Mineral Internasional Tbk'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.

* Premium members only.

PT Amman Mineral Internasional Tbk Graham Number Chart

PT Amman Mineral Internasional Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Graham Number
389.78 816.01 2,024.34 1,487.94

PT Amman Mineral Internasional Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Graham Number - 816.01 2,024.34 1,487.94

Competitive Comparison of PT Amman Mineral Internasional Tbk's Graham Number

For the Other Precious Metals & Mining subindustry, PT Amman Mineral Internasional Tbk'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.


PT Amman Mineral Internasional Tbk's Price-to-Graham-Number Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Amman Mineral Internasional Tbk's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where PT Amman Mineral Internasional Tbk's Price-to-Graham-Number falls into.



PT Amman Mineral Internasional Tbk Graham Number Calculation

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

PT Amman Mineral Internasional Tbk's Graham Number for the fiscal year that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*957.094*102.809)
=1,487.94

PT Amman Mineral Internasional Tbk's Graham Number for the quarter that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*957.094*102.809)
=1,487.94

* 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.


PT Amman Mineral Internasional Tbk  (ISX:AMMN) 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.

PT Amman Mineral Internasional Tbk's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2023 )
=10500.00/1,487.94
=7.06

* 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.


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.


PT Amman Mineral Internasional Tbk Graham Number Related Terms

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PT Amman Mineral Internasional Tbk (ISX:AMMN) Business Description

Traded in Other Exchanges
Address
Jalan H.R. Rasuna Said Blok X-5 Kav. 1-2, Menara Karya 6th Floor Unit A, B, C dan H, Jakarta Selatan, Jakarta, IDN, 12950
PT Amman Mineral Internasional Tbk is a copper-and-gold mining company in Indonesia, operating the Batu Hijau mine on the island of Sumbawa.

PT Amman Mineral Internasional Tbk (ISX:AMMN) Headlines

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