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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 China Cinda Asset Management Co's Graham Number or its related term are showing as below:
CCGDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.21 Med: 0.33 Max: 0.48
Current: 0.21
During the past 13 years, the highest Price to Graham Number ratio of China Cinda Asset Management Co was 0.48. The lowest was 0.21. And the median was 0.33.
CCGDF's Price-to-Graham-Number is ranked better than 97.26% of 1170
companies
in the Asset Management industry
Industry Median: 0.69
vs CCGDF: 0.21
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
China Cinda Asset Management Co (OTCPK:CCGDF) 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.
China Cinda Asset Management Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.1337
/
0.57
=
0.23
* 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.
China Cinda Asset Management Co Graham Number Related Terms
China Cinda Asset Management Co 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.
China Cinda Asset Management Co Graham Number Chart
For the Asset Management subindustry, China Cinda Asset Management Co'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.
China Cinda Asset Management Co Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, China Cinda Asset Management Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where China Cinda Asset Management Co'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.
China Cinda Asset Management Co (CCGDF) has a Graham Number of $0.57 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on China Cinda Asset Management Co and its competitors. According to the industry distribution chart, China Cinda Asset Management Co ranks #32 out of 1170 companies in the Asset Management industry, placing it in the top 2.7%.
Is China Cinda Asset Management Co's Graham Number too high?
China Cinda Asset Management Co's current Graham Number is $0.57. The Asset Management industry median Graham Number is 0.69. China Cinda Asset Management Co's value of $0.57 is 17.4% below this industry median. Based on the distribution chart, China Cinda Asset Management Co ranks #32 out of 1170 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, China Cinda Asset Management Co has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does China Cinda Asset Management Co's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, China Cinda Asset Management Co ranks #32 out of 1170 companies for Graham Number. This places China Cinda Asset Management Co in the top 3% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.69. China Cinda Asset Management Co's value of $0.57 is 17.4% below this benchmark. 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 an Asset Management company?
The median Graham Number among Asset Management companies is 0.69, based on 1,170 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. China Cinda Asset Management Co's current Graham Number of $0.57 is 17.4% below the industry median. 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 China Cinda Asset Management Co and its competitors. For the Asset Management industry, the median Graham Number is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Cinda Asset Management Co's current Graham Number is $0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Cinda Asset Management Co stock overvalued right now?
China Cinda Asset Management Co (CCGDF) has a current Graham Number of $0.57. The stock's GF Value™ is $0.05, compared to a current price of $0.13 — trading 167.4% above its estimated fair value. The current Graham Number is $0.57 and 17.4% below the Asset Management industry median of 0.69. China Cinda Asset Management Co's overall GF Score™ is 33/100 with 2 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 China Cinda Asset Management Co (CCGDF), the current Graham Number is $0.57 as of Dec. 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 China Cinda Asset Management Co (CCGDF) Overvalued in 2026?
Based on GuruFocus' analysis, China Cinda Asset Management Co stock appears to be overvalued.
The current stock price of $0.13 is trading 167.4% above its estimated GF Value™ of $0.05.
Key valuation signals for CCGDF:
Graham Number: $0.57
GF Value™: $0.05 vs. price of $0.13 (167.4% above fair value)
Industry Position: 17.4% below the Asset Management median (#32 of 1170)
No single metric tells the full story. See the CCGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Cinda Asset Management Co Ltd is an asset management company with operations in mainland China and Hong Kong. The principal business segments of the company include: (1) distressed asset management business, including debt asset management conducted with respect to distressed assets, DES Assets management, other distressed asset management, and entrusted operation business; and (2) financial services business, including banking, securities, futures, mutual funds, trusts and leasing. The majority of the company's revenue is derived from the Distressed asset management segment.
33GF Score
Get the complete analysis for CCGDF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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