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Associated Banc-CorpASBPD.PFD 68 Graham Number is $N/A as of Jun. 2026. GuruFocus rates ASBPD.PFD with a GF Score™ of 68/100. The stock has 6 warning signs investors should review. Among 1,430 Banks companies, Associated Banc-Corp ranks worse than 54.2% on this metric.
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 (2026-08-06), the stock price of Associated Banc-Corp is $25.01. Associated Banc-Corp's graham number for the quarter that ended in Jun. 2026 was $N/A. Therefore, Associated Banc-Corp's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Associated Banc-Corp's Graham Number or its related term are showing as below:
ASBpD.PFD'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.8 Max: 1.32
Current: 1.06
During the past 13 years, the highest Price to Graham Number ratio of Associated Banc-Corp was 1.32. The lowest was 0.51. And the median was 0.80.
ASBpD.PFD's Price-to-Graham-Number is ranked worse than 54.2% of 1430
companies
in the Banks industry
Industry Median: 0.82
vs ASBpD.PFD: 1.06
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Associated Banc-Corp (NYSE:ASBpD.PFD) 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.
Associated Banc-Corp's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
25.01
/
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.
Associated Banc-Corp Graham Number Related Terms
Associated Banc-Corp Graham Number Historical Data
* Premium members only.
The historical data trend for Associated Banc-Corp'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.
ASBPD.PFD vs FLG, ABCB, AUB: Graham Number Comparison
For the Banks - Regional subindustry, Associated Banc-Corp'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.
Associated Banc-Corp Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Associated Banc-Corp's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Associated Banc-Corp's Price-to-Graham-Number falls into.
* 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.
Associated Banc-Corp (ASBPD.PFD) has a Graham Number of $N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Associated Banc-Corp and its competitors. Over the past decade, Associated Banc-Corp's Graham Number has ranged from 0.51 to 1.32. According to the industry distribution chart, Associated Banc-Corp ranks #775 out of 1430 companies in the Banks industry, placing it in the top 54.2%.
Is Associated Banc-Corp's Graham Number too high?
Associated Banc-Corp's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.32. Based on the distribution chart, Associated Banc-Corp ranks #775 out of 1430 companies in the Banks industry, which is below the industry midpoint. Overall, Associated Banc-Corp has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's Graham Number compare to FLG and ABCB?
According to the Banks industry distribution chart, Associated Banc-Corp ranks #775 out of 1430 companies for Graham Number. This places Associated Banc-Corp in the lower half of its industry. The industry median Graham Number is 0.82. Historically, Associated Banc-Corp's own Graham Number has ranged from 0.51 to 1.32 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Banks company?
The median Graham Number among Banks companies is 0.82, based on 1,430 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Associated Banc-Corp and its competitors. For the Banks industry, the median Graham Number is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Banc-Corp's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Banc-Corp stock overvalued right now?
Associated Banc-Corp (ASBPD.PFD) has a current Graham Number of $N/A. The current Graham Number is $N/A. Associated Banc-Corp's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Associated Banc-Corp (ASBPD.PFD), the current Graham Number is $N/A as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
68GF Score
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