H.B. Fuller Co (H.B. Fuller Co) Graham Number

: $N/A (As of Feb. 2024)

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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 (2024-04-17), the stock price of H.B. Fuller Co is $76.00. H.B. Fuller Co's graham number for the quarter that ended in Feb. 2024 was $N/A. Therefore, H.B. Fuller Co's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for H.B. Fuller Co's Graham Number or its related term are showing as below:

During the past 13 years, the highest Price to Graham Number ratio of H.B. Fuller Co was 3.31. The lowest was 2.10. And the median was 2.41.

FUL's Price-to-Graham-Number is not ranked ^*
in the Chemicals industry.
Industry Median: 1.36
* Ranked among companies with meaningful Price-to-Graham-Number only.

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

H.B. Fuller Co Graham Number Historical Data

The historical data trend for H.B. Fuller Co'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.

H.B. Fuller Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Graham Number

H.B. Fuller Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Graham Number																-	-	-	-	-

Competitive Comparison

For the Specialty Chemicals subindustry, H.B. Fuller Co'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.

H.B. Fuller Co Price-to-Graham-Number Distribution

For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where H.B. Fuller Co's Price-to-Graham-Number falls into.

H.B. Fuller Co Graham Number Calculation

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

H.B. Fuller Co's Graham Number for the fiscal year that ended in Nov. 2023 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI)
=	sqrt of (22.5	*	-8.512	*	3.87)
=	N/A

H.B. Fuller Co's Graham Number for the quarter that ended in Feb. 2024 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI (TTM))
=	sqrt of (22.5	*	-7.744	*	3.66)
=	N/A

H.B. Fuller Co (NYSE:FUL) 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.

H.B. Fuller Co's Price to Graham number Ratio for today is calculated as

Price to Graham number	=	Share Price (Today)	/	Graham number (Q: Feb. 2024 )
	=	76.00	/	N/A
	=	N/A

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.

H.B. Fuller Co Graham Number Related Terms

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H.B. Fuller Co (H.B. Fuller Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » H.B. Fuller Co (NYSE:FUL) » Definitions » Graham Number

Comparable Companies

Traded in Other Exchanges

HB1:Germany

Address

1200 Willow Lake Boulevard, P.O. Box 64683, Saint Paul, MN, USA, 55110-5101

Website

https://www.hbfuller.com

H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three business units: constructions, engineering, and hygiene, health and consumable adhesives. It generates the most revenue from hygiene, health and consumable adhesives. This business manufactures and supplies adhesives products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets. The company generates around half of its revenue in the United States, with the remainder spread across 35 countries. The company has put an emphasis on environmentally friendly products, aligning with a trend of environmental, social, and governance investing.

Executives

Gregory O. Ogunsanya	officer: Sr. VP, GC and Corp Secretary	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Traci L Jensen	officer: VP, Americas Adhesives	1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683
Robert J Martsching	officer: VP, Corporate Controller	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Timothy J Keenan	officer: Gen'l Counsel, Corp Secretary	1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683
Heather Campe	officer: VP, Asia Pacific	1200 WILLOW LAKE BLVD, P.O. BOX 64683, ST. PAUL MN 55110
Charles T Lauber	director	A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
James J. East	officer: Senior Vice President, HHC	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
James Owens	officer: Senior VP, North America	1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683
Zhiwei Cai	officer: Sr.VP. Engineering Adhesives	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Nathan D. Weaver	officer: VP, Human Resources	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Srilata Zaheer	director	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Celeste Beeks Mastin	officer: Executive VP and COO	21 ERIE STREET, CAMBRIDGE MA 02139
Michael J Happe	director	P.O. BOX 152, FOREST CITY IA 50436
Rasmussen Trangsrud Teresa J	director	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
Van Sant R William	director	PO BOX 1441, MINNEAPOLIS MN 55440-1441