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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.
BRPRorate Offices FII (BSP:BROF11) 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.
BRPRorate Offices FII's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2025 )
=
56.63
/
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.
BRPRorate Offices FII Graham Number Related Terms
BRPRorate Offices FII Graham Number Historical Data
* Premium members only.
The historical data trend for BRPRorate Offices FII'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.
BRPRorate Offices FII Graham Number Chart
BRPRorate Offices FII Annual Data
Trend
Jun23
Jun24
Jun25
Graham Number
0.00
138.81
115.12
BRPRorate Offices FII Semi-Annual Data
Jun23
Jun24
Jun25
Graham Number
0.00
0.00
0.00
BSP:BROF11 vs VICI, WPC: Graham Number Comparison
For the REIT - Diversified subindustry, BRPRorate Offices FII'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.
BRPRorate Offices FII Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, BRPRorate Offices FII's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where BRPRorate Offices FII'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.
BRPRorate Offices FII (BSP:BROF11) has a Graham Number of R$N/A as of Jun. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on BRPRorate Offices FII and its competitors. Over the past decade, BRPRorate Offices FII's Graham Number has ranged from 0.38 to 0.49. According to the industry distribution chart, BRPRorate Offices FII ranks #166 out of 731 companies in the REITs industry, placing it in the top 22.7%.
Is BRPRorate Offices FII's Graham Number too high?
BRPRorate Offices FII's current Graham Number is R$N/A. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.49. Based on the distribution chart, BRPRorate Offices FII ranks #166 out of 731 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, BRPRorate Offices FII has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does BRPRorate Offices FII's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, BRPRorate Offices FII ranks #166 out of 731 companies for Graham Number. This places BRPRorate Offices FII in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.73. Historically, BRPRorate Offices FII's own Graham Number has ranged from 0.38 to 0.49 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 0.73, based on 731 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 BRPRorate Offices FII and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRPRorate Offices FII's current Graham Number is R$N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRPRorate Offices FII stock overvalued right now?
BRPRorate Offices FII (BSP:BROF11) has a current Graham Number of R$N/A. The current Graham Number is R$N/A. BRPRorate Offices FII's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For BRPRorate Offices FII (BSP:BROF11), the current Graham Number is R$N/A as of Jun. 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.
BRPR Corporate Offices FII is a closed-end fund. The fund is intended for individuals and legal entities residing and domiciled in Brazil, institutional investors, and Investment funds, as well as non-resident investors, subject to applicable regulations (investors in general).
37GF Score
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