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SEI Medical PCL (BKK:SEI) Graham Number : ฿3.16 (As of Sep. 2024)


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What is SEI Medical PCL 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 (2024-12-11), the stock price of SEI Medical PCL is ฿4.64. SEI Medical PCL's graham number for the quarter that ended in Sep. 2024 was ฿3.16. Therefore, SEI Medical PCL's Price to Graham Number ratio for today is 1.58.

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

BKK:SEI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.47   Med: 1.96   Max: 1.96
Current: 1.47

During the past 2 years, the highest Price to Graham Number ratio of SEI Medical PCL was 1.96. The lowest was 1.47. And the median was 1.96.

BKK:SEI's Price-to-Graham-Number is ranked worse than
68.12% of 69 companies
in the Medical Distribution industry
Industry Median: 1.1 vs BKK:SEI: 1.47

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


SEI Medical PCL Graham Number Historical Data

The historical data trend for SEI Medical 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.

* Premium members only.

SEI Medical PCL Graham Number Chart

SEI Medical PCL Annual Data
Trend Dec22 Dec23
Graham Number
0.57 1.14

SEI Medical PCL Quarterly Data
Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
Graham Number Get a 7-Day Free Trial - - - 1.51 3.16

Competitive Comparison of SEI Medical PCL's Graham Number

For the Medical Distribution subindustry, SEI Medical 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.


SEI Medical PCL's Price-to-Graham-Number Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, SEI Medical PCL's Price-to-Graham-Number distribution charts can be found below:

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



SEI Medical PCL Graham Number Calculation

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

SEI Medical PCL's Graham Number for the fiscal year that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.451*0.129)
=1.14

SEI Medical PCL's Graham Number for the quarter that ended in Sep. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.567*0.244)
=2.93

* 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.


SEI Medical PCL  (BKK:SEI) 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.

SEI Medical PCL's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2024 )
=4.64/2.93
=1.58

* 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.


SEI Medical PCL Graham Number Related Terms

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SEI Medical PCL Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Ratchadaphisek Road, No. 546 Ratchada One Building, 7th Floor, Chankasem, Chatuchak District, Bangkok, THA, 10900
SEI Medical PCL operates in the medical equipment and scientific products industry as a distributor and service provider of medical equipment. It has three reportable segments which are sales of equipment related to scientific equipment and medical equipment, service business, and medical equipment lease contract.