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Jay Jalaram Technologies (NSE:KORE) Graham Number : ₹34.60 (As of Sep. 2023)


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What is Jay Jalaram Technologies 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 Jay Jalaram Technologies is ₹456.00. Jay Jalaram Technologies's graham number for the quarter that ended in Sep. 2023 was ₹34.60. Therefore, Jay Jalaram Technologies's Price to Graham Number ratio for today is 13.18.

The historical rank and industry rank for Jay Jalaram Technologies's Graham Number or its related term are showing as below:

NSE:KORE' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.91   Med: 4.76   Max: 13.18
Current: 13.18

During the past 5 years, the highest Price to Graham Number ratio of Jay Jalaram Technologies was 13.18. The lowest was 2.91. And the median was 4.76.

NSE:KORE's Price-to-Graham-Number is ranked worse than
97.48% of 714 companies
in the Retail - Cyclical industry
Industry Median: 1.27 vs NSE:KORE: 13.18

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


Jay Jalaram Technologies Graham Number Historical Data

The historical data trend for Jay Jalaram Technologies'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.

Jay Jalaram Technologies Graham Number Chart

Jay Jalaram Technologies Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Graham Number
- 0.35 1.72 12.83 37.75

Jay Jalaram Technologies Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Graham Number Get a 7-Day Free Trial - 12.83 21.28 38.39 34.60

Competitive Comparison of Jay Jalaram Technologies's Graham Number

For the Internet Retail subindustry, Jay Jalaram Technologies'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.


Jay Jalaram Technologies's Price-to-Graham-Number Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jay Jalaram Technologies's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Jay Jalaram Technologies's Price-to-Graham-Number falls into.



Jay Jalaram Technologies Graham Number Calculation

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

Jay Jalaram Technologies's Graham Number for the fiscal year that ended in Mar. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*21.051*3.008)
=37.75

Jay Jalaram Technologies'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*19.985*2.663)
=34.60

* 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.


Jay Jalaram Technologies  (NSE:KORE) 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.

Jay Jalaram Technologies's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2023 )
=456.00/34.60
=13.18

* 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.


Jay Jalaram Technologies Graham Number Related Terms

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Jay Jalaram Technologies (NSE:KORE) Business Description

Traded in Other Exchanges
N/A
Address
Shilp Char Rasta, C. G. Road, Office No.103, Shail Mall, B/H. Girish Cold Drink, Navrangpura, Ahmedabad, GJ, IND, 380009
Jay Jalaram Technologies Ltd is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers, etc. from brands like TCL, Haier, Daikin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron. The company operates under the brand name Kore Mobile. The company operates in two segments; Electronic Gadgets and Electric Vehicles. The Majority of revenue is derived from the Trading of the Electronic Gadgets Segment.