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 (2024-06-10), the stock price of Polaris Uno is ₩673.00. Polaris Uno's graham number for the quarter that ended in Mar. 2024 was ₩1,590.98. Therefore, Polaris Uno's Price to Graham Number ratio for today is 0.42.
The historical rank and industry rank for Polaris Uno's Graham Number or its related term are showing as below:
XKRX:114630'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.4 Med: 0.78 Max: 3.56
Current: 0.42
During the past 13 years, the highest Price to Graham Number ratio of Polaris Uno was 3.56. The lowest was 0.40. And the median was 0.78.
XKRX:114630's Price-to-Graham-Number is ranked better than 95.98% of 1145
companies
in the Chemicals industry
Industry Median: 1.44
vs XKRX:114630: 0.42
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Polaris Uno Graham Number Historical Data
The historical data trend for Polaris Uno'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.
Competitive Comparison of Polaris Uno's Graham Number
For the Specialty Chemicals subindustry, Polaris Uno'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.
Polaris Uno's Price-to-Graham-Number Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Polaris Uno's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Polaris Uno's Price-to-Graham-Number falls into.
Polaris Uno Graham Number Calculation
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
Polaris Uno's Graham Number for the fiscal year that ended in Dec. 2023 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.
Polaris Uno (XKRX:114630) 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.
Polaris Uno's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2024 )
=
673.00
/
1,590.98
=
0.42
* 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.
Polaris Uno Graham Number Related Terms
Thank you for viewing the detailed overview of Polaris Uno's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Polaris Uno Inc manufactures various types of thread used to manufacture wigs. The company operates in the business divisions of Synthetic hair division and Chemicals division. In Synthetic hair division, the company produce fibers for wigs like PVC fibers, heat resistant fibers and special fibers. In the Chemicals division, the company's business is materials-business to supply raw materials like copper clad laminates (CCL) for PCB to produce electronic products. The company is involved in optical monomer business for eyesight-revision plastic lens manufacturing and label adhesive for glass bottles. It offers electronic materials, optical materials and adhesive labels.
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