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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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2025 )
=
86.45
/
10.19
=
8.48
* 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Graham Number Related Terms
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Graham Number Chart
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) has a Graham Number of R$10.19 as of Jun. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario and its competitors. This is near median its historical median of 9.40. Over the past decade, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Graham Number has ranged from 7.49 to 10.78. According to the industry distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #723 out of 730 companies in the REITs industry, placing it in the top 99%.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Graham Number too high?
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's current Graham Number of R$10.19 is near median its 10-year median of 9.40. Over the past 10 years, this metric has ranged from a low of 7.49 to a high of 10.78. Based on the distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #723 out of 730 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #723 out of 730 companies for Graham Number. This places Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's own Graham Number has ranged from 7.49 to 10.78 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 730 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 Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario 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. Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's current Graham Number is R$10.19, which is near median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$108.76, compared to a current price of R$86.45 — trading 20.5% below its estimated fair value. The current Graham Number is R$10.19, which is near median its 10-year median of 9.40. Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's overall GF Score™ is 79/100 with 3 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 Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11), the current Graham Number is R$10.19 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.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) Overvalued in 2026?
Based on GuruFocus' analysis, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$86.45 is trading 20.5% below its estimated GF Value™ of R$108.76.
GuruFocus considers Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario to be Modestly Undervalued.
Key valuation signals for BSP:HSRE11:
Graham Number: R$10.19 (near median its 10-year median of 9.40)
GF Value™: R$108.76 vs. price of R$86.45 (20.5% below fair value)
No single metric tells the full story. See the BSP:HSRE11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario aims to obtain income and capital gains through investment in real estate or real rights over real estate.
79GF Score
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