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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 (2024-06-06), the stock price of Infint Acquisition is $11.53. Infint Acquisition's graham number for the quarter that ended in Mar. 2024 was $4.38. Therefore, Infint Acquisition's Price to Graham Number ratio for today is 2.63.
The historical rank and industry rank for Infint Acquisition's Graham Number or its related term are showing as below:
During the past 3 years, the highest Price to Graham Number ratio of Infint Acquisition was 6.46. The lowest was 2.21. And the median was 2.61.
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 Infint 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.
Infint Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Graham Number | - | - | 4.98 |
Infint Acquisition Quarterly Data | ||||||||||||
Apr21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Graham Number | Get a 7-Day Free Trial | 1.64 | 3.89 | 4.55 | 5.07 | 4.38 |
For the Shell Companies subindustry, Infint 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.
For the Diversified Financial Services industry and Financial Services sector, Infint Acquisition's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Infint Acquisition's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
Infint 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 | * | 5.513 | * | 0.2) |
= | 4.98 |
Infint Acquisition's Graham Number for the quarter that ended in Mar. 2024 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | 4.124 | * | 0.207) |
= | 4.38 |
* 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.
Infint Acquisition (NYSE:IFIN) 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.
Infint Acquisition's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Mar. 2024 ) |
= | 11.53 | / | 4.38 | |
= | 2.63 |
* 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 Infint Acquisition's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine Asset Management Llc | 10 percent owner | 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
Taconic Capital Advisors Lp | 10 percent owner | 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
Frank Brosens | 10 percent owner | C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
Taconic Capital Advisors Uk Llp | 10 percent owner | 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY |
Andrey Novikov | director | 19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324 |
Kevin Chen | director | 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564 |
Sheldon Brickman | officer: Chief Financial Officer | 1452 EAST 21ST STREET, BROOKLYN NY 11210 |
Jing Huang | director | 47 JAMES RD, MT KISCO NY 10549 |
Michael Moradzadeh | director | 800 OAK GROVE AVENUE, SUITE 250, MENLO PARK CA 94025 |
Alexander Edgarov | director, 10 percent owner, officer: Chief Executive Officer | 32 BROADWAY, SUITE 401, NEW YORK NY 10004 |
Dave Cameron | director | 3738 FLORAMAR TERRACE, NEW PORT RICHEY FL 34652 |
Infint Capital Llc | 10 percent owner | 32 BROADWAY, SUITE 401, NEW YORK NY 10004 |
Eric David Weinstein | director | 7 PINEWOOD CIRCLE, WHITE PLAINS NY 10603 |
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