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AlphaVest Acquisition (AlphaVest Acquisition) Graham Number : $N/A (As of Dec. 2023)


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What is AlphaVest Acquisition 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 (2024-05-11), the stock price of AlphaVest Acquisition is $11.02. AlphaVest Acquisition's graham number for the quarter that ended in Dec. 2023 was $N/A. Therefore, AlphaVest Acquisition's Price to Graham Number ratio for today is 2.56.

The historical rank and industry rank for AlphaVest Acquisition's Graham Number or its related term are showing as below:

ATMV' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.25   Med: 1.25   Max: 2.56
Current: 2.56

During the past 2 years, the highest Price to Graham Number ratio of AlphaVest Acquisition was 2.56. The lowest was 1.25. And the median was 1.25.

ATMV's Price-to-Graham-Number is ranked worse than
68.2% of 217 companies
in the Diversified Financial Services industry
Industry Median: 1.99 vs ATMV: 2.56

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


AlphaVest Acquisition Graham Number Historical Data

The historical data trend for AlphaVest Acquisition'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.

AlphaVest Acquisition Graham Number Chart

AlphaVest Acquisition Annual Data
Trend Dec22 Dec23
Graham Number
- 8.55

AlphaVest Acquisition Quarterly Data
Apr22 Sep22 Dec22 Dec23
Graham Number - - - -

Competitive Comparison of AlphaVest Acquisition's Graham Number

For the Shell Companies subindustry, AlphaVest Acquisition'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.


AlphaVest Acquisition's Price-to-Graham-Number Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AlphaVest Acquisition's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where AlphaVest Acquisition's Price-to-Graham-Number falls into.



AlphaVest Acquisition Graham Number Calculation

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

AlphaVest Acquisition'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*7.216*0.45)
=8.55

AlphaVest Acquisition's Graham Number for the quarter that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*7.216*0.114)
=4.30

* 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.


AlphaVest Acquisition  (NAS:ATMV) 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.

AlphaVest Acquisition's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2023 )
=11.02/4.30
=2.56

* 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.


AlphaVest Acquisition Graham Number Related Terms

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AlphaVest Acquisition (AlphaVest Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
420 Lexington Avenue, Suite 2446, New York, NY, USA, 10170
Website
AlphaVest Acquisition Corp is a blank check company.
Executives
Li (helen) Wei director C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
David Yan director, officer: Chief Executive officer C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Pengfei Zheng director, 10 percent owner C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Alphavest Holding Lp 10 percent owner 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Steve Jing director, officer: Chief Financial Officer C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Shu Wang director C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170