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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 (2024-05-13), the stock price of National Energy Services Reunited is $9.75. National Energy Services Reunited's graham number for the quarter that ended in Dec. 2022 was $N/A. Therefore, National Energy Services Reunited's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for National Energy Services Reunited's Graham Number or its related term are showing as below:
During the past 7 years, the highest Price to Graham Number ratio of National Energy Services Reunited was 5.80. The lowest was 1.94. And the median was 3.21.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
The historical data trend for National Energy Services Reunited'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.
National Energy Services Reunited Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Graham Number | Get a 7-Day Free Trial | 4.69 | 3.09 | - | - | 1.68 |
National Energy Services Reunited Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Dec22 | Dec23 | |
Graham Number | Get a 7-Day Free Trial | 5.41 | 4.91 | - | - | - |
For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited'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.
For the Oil & Gas industry and Energy sector, National Energy Services Reunited's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where National Energy Services Reunited's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
National Energy Services Reunited'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 | * | 0.969 | * | 0.13) |
= | 1.68 |
National Energy Services Reunited's Graham Number for the quarter that ended in Dec. 2022 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | 0.578 | * | 0) |
= | N/A |
* 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.
National Energy Services Reunited (OTCPK:NESR) 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.
National Energy Services Reunited's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Dec. 2022 ) |
= | 9.75 | / | N/A | |
= | N/A |
* 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.
Thank you for viewing the detailed overview of National Energy Services Reunited's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Melissa Cougle | officer: Chief Financial Officer | 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056 |
Adnan Ghabris | director | PO BOX 346036 DUBAI C0 00000 |
Al Noaimi Salem Rashed Abdulla Ali | director | AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2 |
Capital Pjsc Waha | 10 percent owner | LEVEL 42, TOWER 3, ETIHAD TOWERS PO BOX 28922 ABU DHABI C0 00000 |
Thomas D Wood | director, 10 percent owner, officer: CFO | NATIONAL ENERGY SERVICES REUNITED CORP., 777 POST OAK BLVD, HOUSTON TX 77056 |
Campo Mejia Antonio J | director | NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD. HOUSTON TX 77056 |
Waha Energy Ltd | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104 |
Nesr Spv Ltd | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104 |
Olayan Saudi Holding Co | 10 percent owner | P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492 |
Olayan Financing Co Ltd. | 10 percent owner | P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492 |
Christine J Morris | officer: Chief Financial Officer | NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD., 7TH FLOOR HOUSTON TX 77056 |
Olayan International Ltd | 10 percent owner | C/O 111 POSEIDONOS AVE., GLYFADA ATHENS J3 166 10 |
Olayan Investments Co Establishment | 10 percent owner | 111 POSEIDONOS AVENUE GLYFADA ATHENS J3 166 10 |
Sherif Foda | director, 10 percent owner, officer: CEO | C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
Nesr Holdings Ltd. | 10 percent owner | RITTER HOUSE WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110 |
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