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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 (2026-07-22), the stock price of Bluerock Homes Trust is $8.44. Bluerock Homes Trust's graham number for the quarter that ended in Mar. 2026 was $N/A. Therefore, Bluerock Homes Trust's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Bluerock Homes Trust's Graham Number or its related term are showing as below:
BHM's Price-to-Graham-Number is not ranked *
in the REITs industry.
Industry Median: 0.75 * 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.
Bluerock Homes Trust (AMEX:BHM) 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.
Bluerock Homes Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
8.44
/
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.
Bluerock Homes Trust Graham Number Related Terms
Bluerock Homes Trust Graham Number Historical Data
* Premium members only.
The historical data trend for Bluerock Homes Trust'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.
For the REIT - Residential subindustry, Bluerock Homes 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.
Bluerock Homes Trust Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Bluerock Homes Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Bluerock Homes 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.
Bluerock Homes Trust (BHM) has a Graham Number of $N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Bluerock Homes Trust and its competitors. According to the industry distribution chart, Bluerock Homes Trust ranks #999999 out of 732 companies in the REITs industry.
Is Bluerock Homes Trust's Graham Number too high?
Bluerock Homes Trust's current Graham Number is $N/A. Based on the distribution chart, Bluerock Homes Trust ranks #999999 out of 732 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Bluerock Homes Trust has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bluerock Homes Trust's Graham Number compare to CLPR and MRTI?
According to the REITs industry distribution chart, Bluerock Homes Trust ranks #999999 out of 732 companies for Graham Number. This places Bluerock Homes Trust in the lower half of its industry. The industry median Graham Number is 0.75. 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 REITs company?
The median Graham Number among REITs companies is 0.75, based on 732 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 Bluerock Homes Trust and its competitors. For the REITs industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bluerock Homes Trust'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 Bluerock Homes Trust stock overvalued right now?
Based on GuruFocus' analysis, Bluerock Homes Trust (BHM) is currently considered Possible Value Trap. The stock's GF Value™ is $23.37, compared to a current price of $8.44 — trading 63.9% below its estimated fair value. The current Graham Number is $N/A. Bluerock Homes Trust's overall GF Score™ is 65/100 with 5 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 Bluerock Homes Trust (BHM), the current Graham Number is $N/A as of Mar. 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.
Is Bluerock Homes Trust (BHM) Overvalued in 2026?
Based on GuruFocus' analysis, Bluerock Homes Trust stock appears to be undervalued.
The current stock price of $8.44 is trading 63.9% below its estimated GF Value™ of $23.37.
GuruFocus considers Bluerock Homes Trust to be Possible Value Trap.
Key valuation signals for BHM:
Graham Number: $N/A
GF Value™: $23.37 vs. price of $8.44 (63.9% below fair value)
No single metric tells the full story. See the BHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bluerock Homes Trust Inc owns and operates a portfolio of institutional residential properties including single-family homes, build-to-rent communities, and other residential communities located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States. The company's principal objective is to generate attractive risk-adjusted returns on investments where it believes it can drive growth in funds from operations and net asset value by acquiring residential units, developing residential communities, and through value-add renovations. The company has two reportable segments, consisting of Residential Communities, which derives maximum revenue; and Scattered Single-family homes.
65GF Score
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