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What is BlackRock Energy & Resources Trust Graham Number?
BlackRock Energy & Resources TrustBGR +1.04%43 Graham Number is $22.44 as of Dec. 2025, which is 3640% above its 10-year median of 0.60. GuruFocus rates BGR with a GF Score™ of 43/100 and a GF Value™ of $25.12 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,170 Asset Management companies, BlackRock Energy & Resources Trust ranks worse than 57.61% 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.
BGR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.35 Med: 0.6 Max: 1.2
Current: 0.78
During the past 9 years, the highest Price to Graham Number ratio of BlackRock Energy & Resources Trust was 1.20. The lowest was 0.35. And the median was 0.60.
BGR's Price-to-Graham-Number is ranked worse than 57.61% of 1170
companies
in the Asset Management industry
Industry Median: 0.7
vs BGR: 0.78
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
BlackRock Energy & Resources Trust (NYSE:BGR) 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.
BlackRock Energy & Resources Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
17.45
/
22.44
=
0.78
* 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.
BlackRock Energy & Resources Trust Graham Number Related Terms
BlackRock Energy & Resources Trust Graham Number Historical Data
* 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.
BlackRock Energy & Resources Trust Graham Number Chart
For the Asset Management subindustry, BlackRock Energy & Resources Trust'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.
BlackRock Energy & Resources Trust Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock Energy & Resources Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where BlackRock Energy & Resources Trust'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.
BlackRock Energy & Resources Trust (BGR) has a Graham Number of $22.44 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on BlackRock Energy & Resources Trust and its competitors. This is 3640% above median its historical median of 0.60. Over the past decade, BlackRock Energy & Resources Trust's Graham Number has ranged from 0.35 to 1.20. According to the industry distribution chart, BlackRock Energy & Resources Trust ranks #674 out of 1170 companies in the Asset Management industry, placing it in the top 57.6%.
Is BlackRock Energy & Resources Trust's Graham Number too high?
BlackRock Energy & Resources Trust's current Graham Number of $22.44 is 3640% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.20. The Asset Management industry median Graham Number is 0.70. BlackRock Energy & Resources Trust's value of $22.44 is 3105.7% above this industry median. Based on the distribution chart, BlackRock Energy & Resources Trust ranks #674 out of 1170 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock Energy & Resources Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock Energy & Resources Trust's Graham Number compare to FINS and DFP?
According to the Asset Management industry distribution chart, BlackRock Energy & Resources Trust ranks #674 out of 1170 companies for Graham Number. This places BlackRock Energy & Resources Trust in the lower half of its industry. The industry median Graham Number is 0.70. BlackRock Energy & Resources Trust's value of $22.44 is 3105.7% above this benchmark. Historically, BlackRock Energy & Resources Trust's own Graham Number has ranged from 0.35 to 1.20 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.70, BlackRock Energy & Resources Trust has consistently been above the industry average. 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 an Asset Management company?
The median Graham Number among Asset Management companies is 0.70, based on 1,170 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. BlackRock Energy & Resources Trust's current Graham Number of $22.44 is 3105.7% above the industry median. 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 BlackRock Energy & Resources Trust and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock Energy & Resources Trust's current Graham Number is $22.44, which is 3640% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Energy & Resources Trust stock overvalued right now?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust (BGR) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.12, compared to a current price of $17.45 — trading 30.5% below its estimated fair value. The current Graham Number is $22.44, which is 3640% above median its 10-year median of 0.60 and 3105.7% above the Asset Management industry median of 0.70. BlackRock Energy & Resources Trust's overall GF Score™ is 43/100 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 BlackRock Energy & Resources Trust (BGR), the current Graham Number is $22.44 as of Dec. 2025. 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.
Is BlackRock Energy & Resources Trust (BGR) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust stock appears to be undervalued.
The current stock price of $17.45 is trading 30.5% below its estimated GF Value™ of $25.12.
GuruFocus considers BlackRock Energy & Resources Trust to be Significantly Undervalued.
Key valuation signals for BGR:
Graham Number: $22.44 (3640% above median its 10-year median of 0.60)
GF Value™: $25.12 vs. price of $17.45 (30.5% below fair value)
Industry Position: 3105.7% above the Asset Management median (#674 of 1170)
No single metric tells the full story. See the BGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock Energy & Resources Trust is a closed-end equity fund providing total return through a combination of current income, gains, and capital appreciation by investing in equity securities and derivatives of energy and natural resources companies. The fund invests in various sectors such as information technology, financials, healthcare, consumer discretionary, industrial, energy, materials, utilities, and others.
43GF Score
Get the complete analysis for BGR
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