ACMP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
ACMP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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 (2024-05-05), the stock price of Williams Partners LP is $48.15. Williams Partners LP's graham number for the quarter that ended in Jun. 2018 was $N/A. Therefore, Williams Partners LP's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Williams Partners LP's Graham Number or its related term are showing as below:
During the past 11 years, the highest Price to Graham Number ratio of Williams Partners LP was 4.42. The lowest was 0.00. And the median was 2.04.
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 Williams Partners LP'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.
Williams Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
Williams Partners LP Quarterly Data | ||||||||||||||||||||
Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | |
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
For the Oil & Gas Midstream subindustry, Williams Partners LP'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 Oil & Gas industry and Energy sector, Williams Partners LP's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Williams Partners LP's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
Williams Partners LP's Graham Number for the fiscal year that ended in Dec. 2017 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI) |
= | sqrt of (22.5 | * | * | 0) | |
= | N/A |
Williams Partners LP's Graham Number for the quarter that ended in Jun. 2018 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | * | 0) | |
= | 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.
Williams Partners LP (NYSE:ACMP) 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.
Williams Partners LP's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Jun. 2018 ) |
= | 48.15 | / | 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.
Thank you for viewing the detailed overview of Williams Partners LP's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip L Frederickson | director | 1111 BAGBY, SUITE 1600, HOUSTON TX 77002 |
Ted T Timmermans | officer: VP, Controller, CAO | ONE WILLIAMS CENTER, TULSA OK 74172 |
John E Poarch | officer: SVP - Engineering Services | ONE WILLIAMS CENTER, TULSA OK 74172 |
Walter J Bennett | officer: Senior Vice President | 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105 |
Micheal G. Dunn | director, officer: Executive Vice President & COO | 333 SOUTH STATE STREET, 333 SOUTH STATE STREET UT 84145-0433 |
Alan S Armstrong | director, officer: Chief Executive Officer | ONE WILLIAMS CENTER, TULSA OK 74102 |
Alice M Peterson | director | 3333 BEVERLY RD B5-153A, HOFFMAN ESTTES IL 60179 |
John D Seldenrust | officer: Senior Vice President - E&C | 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105 |
John D Chandler | officer: Sr. Vice President & CFO | ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172 |
Chad J. Zamarin | officer: Senior Vice President | ONE WILLIAMS CENTER, TULSA OK 74172 |
Frank J Ferazzi | officer: Senior Vice President | 2800 POST OAK BLVD, HOUSTON TX 77251 |
Terrance Lane Wilson | officer: SVP & General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
Robert S Purgason | director, officer: Senior Vice President | 2818 S. VICTOR AVENUE, TULSA OK 74114 |
Sarah C. Miller | officer: Interim SVP & General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
Craig L Rainey | officer: General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
From GuruFocus
By Dividend Dividend • 08-04-2013
By Alex Barrow Alex Barrow • 06-01-2016
By Sydnee Gatewood Sydnee Gatewood • 08-17-2016
By Dividend Dividend • 02-01-2013
By Dividend Dividend • 03-31-2013
By Marketwired Marketwired • 08-14-2018
By Dividend Dividend • 10-29-2012
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.