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 (2024-06-02), the stock price of O Bank No 1 REIT is NT$8.04. O Bank No 1 REIT's graham number for the quarter that ended in . 20 was NT$N/A. Therefore, O Bank No 1 REIT's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for O Bank No 1 REIT's Graham Number or its related term are showing as below:
TPE:01009T's Price-to-Graham-Number is not ranked *
in the REITs industry.
Industry Median: 0.8 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
O Bank No 1 REIT Graham Number Historical Data
The historical data trend for O Bank No 1 REIT'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.
O Bank No 1 REIT Graham Number Chart
O Bank No 1 REIT Annual Data
Trend
Graham Number
O Bank No 1 REIT Semi-Annual Data
Graham Number
Competitive Comparison of O Bank No 1 REIT's Graham Number
For the REIT - Diversified subindustry, O Bank No 1 REIT'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.
O Bank No 1 REIT's Price-to-Graham-Number Distribution in the REITs Industry
For the REITs industry and Real Estate sector, O Bank No 1 REIT's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where O Bank No 1 REIT's Price-to-Graham-Number falls into.
O Bank No 1 REIT Graham Number Calculation
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
O Bank No 1 REIT's Graham Number for the fiscal year that ended in . 20 is calculated as
* 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.
O Bank No 1 REIT (TPE:01009T) 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.
O Bank No 1 REIT's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: . 20 )
=
8.04
/
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.
O Bank No 1 REIT Graham Number Related Terms
Thank you for viewing the detailed overview of O Bank No 1 REIT's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
O Bank No 1 REIT (TPE:01009T) Business Description
O Bank No 1 REIT is a company which invests in commercial real estates, including the Panhsin Banker Building in Banqiao and Focus Square in Tainan. REITs derive most of its revenues from property rental income, while the shares it issues will afford investors the opportunity to make real estate investments in relatively small amounts. Its main objective is to provide another capital market vehicle for raising funds, and to give investors a way to invest in commercial real estate with relatively smaller amounts.
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