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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.
The historical rank and industry rank for Banque Centrale Populaire's Graham Number or its related term are showing as below:
CAS:BCP'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.84 Med: 1.23 Max: 1.76
Current: 0.84
During the past 13 years, the highest Price to Graham Number ratio of Banque Centrale Populaire was 1.76. The lowest was 0.84. And the median was 1.23.
CAS:BCP's Price-to-Graham-Number is ranked worse than 53.14% of 1419
companies
in the Banks industry
Industry Median: 0.81
vs CAS:BCP: 0.84
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Banque Centrale Populaire (CAS:BCP) 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.
Banque Centrale Populaire's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
250.00
/
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.
Banque Centrale Populaire Graham Number Related Terms
Banque Centrale Populaire 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.
For the Banks - Regional subindustry, Banque Centrale Populaire'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.
Banque Centrale Populaire Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Banque Centrale Populaire's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Banque Centrale Populaire'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.
Banque Centrale Populaire (CAS:BCP) has a Graham Number of MADN/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Banque Centrale Populaire and its competitors. According to the industry distribution chart, Banque Centrale Populaire ranks #754 out of 1419 companies in the Banks industry, placing it in the top 53.1%.
Is Banque Centrale Populaire's Graham Number too high?
Banque Centrale Populaire's current Graham Number is MADN/A. Based on the distribution chart, Banque Centrale Populaire ranks #754 out of 1419 companies in the Banks industry, which is below the industry midpoint. Overall, Banque Centrale Populaire has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banque Centrale Populaire's Graham Number compare to USB and PNC?
According to the Banks industry distribution chart, Banque Centrale Populaire ranks #754 out of 1419 companies for Graham Number. This places Banque Centrale Populaire in the lower half of its industry. The industry median Graham Number is 0.81. 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,419 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 Banque Centrale Populaire and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banque Centrale Populaire's current Graham Number is MADN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque Centrale Populaire stock overvalued right now?
Based on GuruFocus' analysis, Banque Centrale Populaire (CAS:BCP) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD312.55, compared to a current price of MAD250.00 — trading 20% below its estimated fair value. The current Graham Number is MADN/A. Banque Centrale Populaire's overall GF Score™ is 53/100 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 Banque Centrale Populaire (CAS:BCP), the current Graham Number is MADN/A 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.
Is Banque Centrale Populaire (CAS:BCP) Overvalued in 2026?
Based on GuruFocus' analysis, Banque Centrale Populaire stock appears to be undervalued.
The current stock price of MAD250.00 is trading 20% below its estimated GF Value™ of MAD312.55.
GuruFocus considers Banque Centrale Populaire to be Modestly Undervalued.
Key valuation signals for CAS:BCP:
Graham Number: MADN/A
GF Value™: MAD312.55 vs. price of MAD250.00 (20% below fair value)
No single metric tells the full story. See the CAS:BCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banque Centrale Populaire (BCP) is a Moroccan banking group and the central body of the Banques Populaires Regionales network, a cooperative banking system. Headquartered in Casablanca, it provides retail, corporate, and investment banking, along with insurance, asset management, leasing, and payment services. Its main subsidiaries include Banque Populaire, Chaabi Bank, and the insurance arm Wafa Assurance, and it operates the Chaabi Cash and M2M payment networks. BCP serves individuals, professionals, small and medium-sized enterprises, large corporations, and public institutions. Beyond Morocco, the group has a significant presence in sub-Saharan Africa through Atlantic Business International, as well as operations in Europe serving the Moroccan diaspora. Revenue is driven primarily by net interest income from lending and deposits, supplemented by fees and commissions from banking services, insurance premiums, and capital markets activities.
53GF Score
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