GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Orilina Properties Real Estate Investment Co (ATH:ORILINA) » Definitions » Graham Number

Orilina Properties Real Estate Investment Co (ATH:ORILINA) Graham Number : €1.05 (As of Jun. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Orilina Properties Real Estate Investment Co Graham Number?

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 (2024-06-22), the stock price of Orilina Properties Real Estate Investment Co is €0.924. Orilina Properties Real Estate Investment Co's graham number for the quarter that ended in Jun. 2023 was €1.05. Therefore, Orilina Properties Real Estate Investment Co's Price to Graham Number ratio for today is 0.88.

The historical rank and industry rank for Orilina Properties Real Estate Investment Co's Graham Number or its related term are showing as below:

ATH:ORILINA' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.88
Current: 0.88

During the past 3 years, the highest Price to Graham Number ratio of Orilina Properties Real Estate Investment Co was 0.88. The lowest was 0.00. And the median was 0.00.

ATH:ORILINA's Price-to-Graham-Number is ranked worse than
55.12% of 1123 companies
in the Real Estate industry
Industry Median: 0.78 vs ATH:ORILINA: 0.88

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


Orilina Properties Real Estate Investment Co Graham Number Historical Data

The historical data trend for Orilina Properties Real Estate Investment 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.

Orilina Properties Real Estate Investment Co Graham Number Chart

Orilina Properties Real Estate Investment Co Annual Data
Trend Dec20 Dec21 Dec22
Graham Number
0.62 0.84 1.05

Orilina Properties Real Estate Investment Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Graham Number - - - 1.05 1.05

Competitive Comparison of Orilina Properties Real Estate Investment Co's Graham Number

For the Real Estate Services subindustry, Orilina Properties Real Estate Investment 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.


Orilina Properties Real Estate Investment Co's Price-to-Graham-Number Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Orilina Properties Real Estate Investment Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Orilina Properties Real Estate Investment Co's Price-to-Graham-Number falls into.



Orilina Properties Real Estate Investment Co Graham Number Calculation

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

Orilina Properties Real Estate Investment Co's Graham Number for the fiscal year that ended in Dec. 2022 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.874*0.056)
=1.05

Orilina Properties Real Estate Investment Co's Graham Number for the quarter that ended in Jun. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.872*0.056)
=1.05

* 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.


Orilina Properties Real Estate Investment Co  (ATH:ORILINA) 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.

Orilina Properties Real Estate Investment Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2023 )
=0.924/1.05
=0.88

* 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.


Orilina Properties Real Estate Investment Co Graham Number Related Terms

Thank you for viewing the detailed overview of Orilina Properties Real Estate Investment Co's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.


Orilina Properties Real Estate Investment Co (ATH:ORILINA) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
59 Vas. Sofias Avenue, 5th Floor, Athens, GRC, 115 21
Orilina Properties Real Estate Investment Co is a company which aims to create significant value over the medium term, by penetrating the Greek market and executing a largely core investment strategy with elements of value-add, via active asset management. It is a real estate investment vehicle combining tax efficiency, liquidity in an otherwise illiquid property market, transparency, significant institutional Equity as seed capital investment, and high-calibre international and local management teams with proven profitability track record.

Orilina Properties Real Estate Investment Co (ATH:ORILINA) Headlines

No Headlines