MMM Capital PCL (BKK:MMM) Graham Number: ฿3.52 (As of Jun. 2026) — 340% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:MMM MMM Capital PCL BKK:MMM
22 GF Score
Price ฿2.84
! 1 Warning Sign
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What is MMM Capital PCL Graham Number?

MMM Capital PCL BKK:MMM 22 Graham Number is ฿3.52 as of Jun. 2026, which is 100% below its 10-year median of 0.80. GuruFocus rates BKK:MMM with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 1,171 Real Estate companies, MMM Capital PCL ranks worse than 55.34% 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 (2026-08-22), the stock price of MMM Capital PCL is ฿2.84. MMM Capital PCL's graham number for the quarter that ended in Jun. 2026 was ฿3.52. Therefore, MMM Capital PCL's Price to Graham Number ratio for today is 0.81.

The historical rank and industry rank for MMM Capital PCL's Graham Number or its related term are showing as below:

BKK:MMM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.74   Med: 0.8   Max: 0.9
Current: 0.81

During the past 3 years, the highest Price to Graham Number ratio of MMM Capital PCL was 0.90. The lowest was 0.74. And the median was 0.80.

BKK:MMM's Price-to-Graham-Number is ranked worse than
55.34% of 1171 companies
in the Real Estate industry
Industry Median: 0.74 vs BKK:MMM: 0.81

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


MMM Capital PCL  (BKK:MMM) 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.

MMM Capital PCL's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=2.84/3.52
=0.81

* 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.


MMM Capital PCL Graham Number Related Terms


MMM Capital PCL Graham Number Historical Data

* Premium members only.

The historical data trend for MMM Capital PCL'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.

MMM Capital PCL Graham Number Chart

MMM Capital PCL Annual Data
Trend Dec23 Dec24 Dec25
Graham Number
1.15 1.60 3.70

MMM Capital PCL Quarterly Data
Dec23 Sep24 Dec24 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial 0.00 0.00 3.40 3.70 3.52

BKK:MMM vs CBRE, BEKE, JLL: Graham Number Comparison

For the Real Estate Services subindustry, MMM Capital PCL'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.


MMM Capital PCL Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, MMM Capital PCL's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where MMM Capital PCL's Price-to-Graham-Number falls into.


BKK:MMM
22GF Score
MMM Capital PCL BKK:MMM
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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MMM Capital PCL Graham Number Calculation

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

MMM Capital PCL's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.425*0.427)
=3.70

MMM Capital PCL's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.42*0.387)
=3.52

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ฿3.52 mean?
MMM Capital PCL (BKK:MMM) has a Graham Number of ฿3.52 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on MMM Capital PCL and its competitors. This is 340% above median its historical median of 0.80. Over the past decade, MMM Capital PCL's Graham Number has ranged from 0.74 to 0.90. According to the industry distribution chart, MMM Capital PCL ranks #648 out of 1171 companies in the Real Estate industry, placing it in the top 55.3%.
Is MMM Capital PCL's Graham Number too high?
MMM Capital PCL's current Graham Number of ฿3.52 is 340% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 0.90. Based on the distribution chart, MMM Capital PCL ranks #648 out of 1171 companies in the Real Estate industry, which is below the industry midpoint. Overall, MMM Capital PCL has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does MMM Capital PCL's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, MMM Capital PCL ranks #648 out of 1171 companies for Graham Number. This places MMM Capital PCL in the lower half of its industry. The industry median Graham Number is 0.74. Historically, MMM Capital PCL's own Graham Number has ranged from 0.74 to 0.90 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,171 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 MMM Capital PCL and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MMM Capital PCL's current Graham Number is ฿3.52, which is 340% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMM Capital PCL stock overvalued right now?
MMM Capital PCL (BKK:MMM) has a current Graham Number of ฿3.52. The current Graham Number is ฿3.52, which is 340% above median its 10-year median of 0.80. MMM Capital PCL's overall GF Score™ is 22/100 with 1 warning sign 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 MMM Capital PCL (BKK:MMM), the current Graham Number is ฿3.52 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.

MMM Capital PCL Business Description

Address Soi Nathong, Ratchadapisek Road, No. 89/2, Amornphan 205 Tower 1, 6th Floor, Din Daeng, Bangkok, THA, 10400
MMM Capital PCL is principally engaged in providing real estate management services and real estate sales agent services. It is in the business of selling all types of residential real estate to project owners, such as detached houses and Twin houses. This includes planning, marketing, and sales strategies through a network of independent brokers. In addition, the company is engaged in the business of buying and selling residential properties by purchasing properties in good condition and renovating them before selling them through a network of independent brokers. The company's business operations are divided into: Real estate sales consultant, Real estate sales management, and Sales of real estate. The majority of revenue is derived from the Real estate sales management segment.
22GF Score

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฿2.84
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