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.
BKK:PROSPECT's Price-to-Graham-Number is ranked worse than 55.56% of 729
companies
in the REITs industry
Industry Median: 0.74
vs BKK:PROSPECT: 0.80
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) 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.
Prospect Logistics and Industrial Freehold and Leasehold REIT's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
10.80
/
13.55
=
0.80
* 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.
Prospect Logistics and Industrial Freehold and Leasehold REIT Graham Number Related Terms
Prospect Logistics and Industrial Freehold and Leasehold REIT 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.
Prospect Logistics and Industrial Freehold and Leasehold REIT Graham Number Chart
Prospect Logistics and Industrial Freehold and Leasehold REIT Annual Data
* 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.
Prospect Logistics and Industrial Freehold and Leasehold REIT Price-to-Graham-Number vs REITs Industry
* 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.
Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) has a Graham Number of ฿13.55 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Prospect Logistics and Industrial Freehold and Leasehold REIT and its competitors. This is 2085% above median its historical median of 0.62. Over the past decade, Prospect Logistics and Industrial Freehold and Leasehold REIT's Graham Number has ranged from 0.52 to 0.83. According to the industry distribution chart, Prospect Logistics and Industrial Freehold and Leasehold REIT ranks #405 out of 729 companies in the REITs industry, placing it in the top 55.6%.
Is Prospect Logistics and Industrial Freehold and Leasehold REIT's Graham Number too high?
Prospect Logistics and Industrial Freehold and Leasehold REIT's current Graham Number of ฿13.55 is 2085% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.83. Based on the distribution chart, Prospect Logistics and Industrial Freehold and Leasehold REIT ranks #405 out of 729 companies in the REITs industry, which is below the industry midpoint. Overall, Prospect Logistics and Industrial Freehold and Leasehold REIT has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Prospect Logistics and Industrial Freehold and Leasehold REIT's Graham Number compare to PLD and PSA?
According to the REITs industry distribution chart, Prospect Logistics and Industrial Freehold and Leasehold REIT ranks #405 out of 729 companies for Graham Number. This places Prospect Logistics and Industrial Freehold and Leasehold REIT in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Prospect Logistics and Industrial Freehold and Leasehold REIT's own Graham Number has ranged from 0.52 to 0.83 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 729 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 Prospect Logistics and Industrial Freehold and Leasehold REIT and its competitors. For the REITs 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. Prospect Logistics and Industrial Freehold and Leasehold REIT's current Graham Number is ฿13.55, which is 2085% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prospect Logistics and Industrial Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿8.43, compared to a current price of ฿10.80 — trading 28.1% above its estimated fair value. The current Graham Number is ฿13.55, which is 2085% above median its 10-year median of 0.62. Prospect Logistics and Industrial Freehold and Leasehold REIT's overall GF Score™ is 49/100 with 11 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 Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT), the current Graham Number is ฿13.55 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 Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Overvalued in 2026?
Based on GuruFocus' analysis, Prospect Logistics and Industrial Freehold and Leasehold REIT stock appears to be overvalued.
The current stock price of ฿10.80 is trading 28.1% above its estimated GF Value™ of ฿8.43.
GuruFocus considers Prospect Logistics and Industrial Freehold and Leasehold REIT to be Modestly Overvalued.
Key valuation signals for BKK:PROSPECT:
Graham Number: ฿13.55 (2085% above median its 10-year median of 0.62)
GF Value™: ฿8.43 vs. price of ฿10.80 (28.1% above fair value)
No single metric tells the full story. See the BKK:PROSPECT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prospect Logistics and Industrial Freehold and Leasehold REIT Business Description
Prospect Logistics and Industrial Freehold and Leasehold REIT is a real estate investment trust operating as a closed-end trust, and mainly invests in factory and warehouse space for rent. The company's investment portfolio consists of the following projects: Sub-leasehold rights of parts of land and buildings in the Bangkok Free Trade Zone 1 (BFTZ 1); the ownership over the land and built-to-suit factory and office building in the X44 Bangna Km.18; Leasehold right of parts of the land and ownership over parts of the buildings in Bangkok Free Trade Zone 2 (BFTZ 2); and Ownership over parts of the land and buildings in Bangkok Free Trade Zone 3 (BFTZ 3). Prospect generates primary revenue from the leasing of warehouse and factory buildings.
49GF Score
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Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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