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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 (2024-06-05), the stock price of Touchpoint Group Holdings is $0.0001. Touchpoint Group Holdings's graham number for the quarter that ended in Sep. 2022 was $N/A. Therefore, Touchpoint Group Holdings's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Touchpoint Group Holdings's Graham Number or its related term are showing as below:
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 Touchpoint 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.
Touchpoint Group Holdings Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
Touchpoint Group Holdings Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
For the Software - Application subindustry, Touchpoint 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.
For the Software industry and Technology sector, Touchpoint Group Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Touchpoint Group Holdings's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
Touchpoint Group Holdings's Graham Number for the fiscal year that ended in Dec. 2021 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI) |
= | sqrt of (22.5 | * | -0.011 | * | -0.028) |
= | N/A |
Touchpoint Group Holdings's Graham Number for the quarter that ended in Sep. 2022 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | -0.003 | * | -0.02) |
= | 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.
Touchpoint Group Holdings (OTCPK:TGHI) 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.
Touchpoint Group Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Sep. 2022 ) |
= | 0.0001 | / | 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 Touchpoint Group Holdings's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhanming Wu | 10 percent owner | ROOM 703, BUILDING NO. 5, NO. 868 PUMING ROAD, SHANGHAI F4 200120 |
Ajing Zhang | director | ROOM 901, NO. 4, LANE 999, SHI LONG ROAD, XUHUI DISTRICT, SHANGHAI F4 200237 |
Pengfei Li | director | ROOM 601, NO. 11, LANE 1188, SOUTH WANPING ROAD, XUHUI DISTRICT, SHANGHAI F4 200232 |
Edwin Lun | officer: Chief Operating Officer | ROOM 1808,18/F HUTCHISON HSE.10 HARCOURT, HONG KONG F4 XXXXXXX |
Mark Brian White | director, 10 percent owner, officer: Chief Executive Officer | IMMEUBLE MILA, CHAMPERY V8 1874 |
Martin Christopher Ward | director, officer: Chief Financial Officer | CHALKSTREAM, KINGS SOMBORNE, STOCKBRIDGE X0 S020 6NZ |
Robert Paul Vogler | director | INDUSTRIESTRASSE 40, ZUG V8 CH6300 |
Robert Philip Law | director | 2 TOWER MEWS, SALISBURY X0 SP1 3DJ |
Charles Richard Vos | director | 45 STAR STREET, LONDON X0 W2 1QA |
Nicholas Paul Carpinello | director | 1686 BEECHSHIRE DRIVE, CINCINNATI OH 45255 |
Stephen Michael Austin | director | 39 TEMPLE FORTUNE HILL, LONDON X0 NW11 7XP |
Brian James Collins | director, 10 percent owner, officer: VP, Chief Technology Officer | HEIDWEG 7B, KLOSTERS V8 7250 |
John D Hannesson | officer: Exec VP, Secretary | 18661 VIA PALATINO, IRVINE CA 92603 |
Kenneth F Raznick | director, 10 percent owner, officer: Chairman of the Board | ONE WAKONDA, DOVE CANYON CA 92679 |
Mark Dicamillo | officer: Exec VP, COO | ONE WAKONDA, DOVE CANYON CA 92679 |
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