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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 (2024-05-09), the stock price of Southwest Bancorp is $28.45. Southwest Bancorp's graham number for the quarter that ended in Jun. 2017 was $19.47. Therefore, Southwest Bancorp's Price to Graham Number ratio for today is 1.46.
The historical rank and industry rank for Southwest Bancorp'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 Southwest Bancorp'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.
Southwest Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Graham Number | Get a 7-Day Free Trial | 13.30 | 15.93 | 18.17 | 16.71 | 17.21 |
Southwest Bancorp Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Graham Number | Get a 7-Day Free Trial | 16.18 | 16.36 | 17.31 | 19.05 | 19.47 |
For the Banks - Regional subindustry, Southwest Bancorp'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 Banks industry and Financial Services sector, Southwest Bancorp's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Southwest Bancorp's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
Southwest Bancorp's Graham Number for the fiscal year that ended in Dec. 2016 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI) |
= | sqrt of (22.5 | * | 14.313 | * | 0.92) |
= | 17.21 |
Southwest Bancorp's Graham Number for the quarter that ended in Jun. 2017 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | 14.785 | * | 1.14) |
= | 19.47 |
* 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.
Southwest Bancorp (NAS:OKSB) 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.
Southwest Bancorp's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Jun. 2017 ) |
= | 28.45 | / | 19.47 | |
= | 1.46 |
* 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 Southwest Bancorp's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Shockley Joe T Jr | officer: EVP and CFO | 101 N BROADWAY, OKLAHOMA CITY OK 73102 |
Shrum Kayse M Do | director | 15469 S. 353RD EAST AVENUE, COWETA OK 74429 |
Steven C Davis | director | 4574 WEST TRIPLETT ROAD, GUTHRIE OK 73044 |
Patrice D Douglas | director | 1712 CROSSBOW, EDMOND OK 73034 |
Gregg S Jaynes | officer: EVP, Chief HR Officer | 13254 S. 114TH EAST AVE, BROKEN ARROW OK 74011 |
Morris James M Ii | director | 15001 GAILLARDIA LANE, OKLAHOMA CITY OK 73142 |
Larry J Lanie | director | 419 BENTLEY MANOR, SAN ANTONIO TX 78249 |
Brent Aaron Bates | officer: EVP and Chief Credit Officer | 603 INVERNESS COURT, NORMAN OK 73072 |
Rusty Neal Laforge | officer: EVP, General Counsel | 3324 QUAIL CREEK ROAD, OKLAHOMA CITY OK 73120 |
Priscilla J Barnes | officer: SEVP and COO | RR3 BOX 63A, HENNESSEY OK 73742 |
James M Johnson | director | 672 TRAILWOOD LANE, MARIETTA GA 30064 |
John Cohlmia | director | 12804 FOX FOREST CIRCLE, OKLAHOMA CITY OK 73142 |
Thomas D Berry | director | 2302 W 8TH, STILLWATER OK 74074 |
Berry James E Ii | director | 2302 W 8TH, STILLWATER OK 74074 |
James D Bygland | officer: EVP, Chief Information Officer | PO BOX 1988, STILLWATER OK 74076 |
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