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Capital Gearing TrustCHIX:CGTL 43 Graham Number is £5.59 as of Mar. 2026, which is 100% below its 10-year median of 8.37. GuruFocus rates CHIX:CGTL with a GF Score™ of 43/100. The stock has 1 warning sign investors should review. Among 1,169 Asset Management companies, Capital Gearing Trust ranks worse than 66.04% on this metric.
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 Capital Gearing Trust's Graham Number or its related term are showing as below:
CHIX:CGTl'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.93 Med: 8.37 Max: 19.09
Current: 0.93
During the past 13 years, the highest Price to Graham Number ratio of Capital Gearing Trust was 19.09. The lowest was 0.93. And the median was 8.37.
CHIX:CGTl's Price-to-Graham-Number is ranked worse than 66.04% of 1169
companies
in the Asset Management industry
Industry Median: 0.71
vs CHIX:CGTl: 0.93
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Capital Gearing Trust (CHIX:CGTl) 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.
Capital Gearing Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.7475
/
5.59
=
0.85
* 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.
Capital Gearing Trust Graham Number Related Terms
Capital Gearing Trust Graham Number Historical Data
* Premium members only.
The historical data trend for Capital Gearing Trust'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.
CHIX:CGTL vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, Capital Gearing Trust'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.
Capital Gearing Trust Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Capital Gearing Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Capital Gearing Trust'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.
Capital Gearing Trust (CHIX:CGTL) has a Graham Number of £5.59 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Capital Gearing Trust and its competitors. This is 33% below median its historical median of 8.37. Over the past decade, Capital Gearing Trust's Graham Number has ranged from 0.93 to 19.09. According to the industry distribution chart, Capital Gearing Trust ranks #772 out of 1169 companies in the Asset Management industry, placing it in the top 66%.
Is Capital Gearing Trust's Graham Number too high?
Capital Gearing Trust's current Graham Number of £5.59 is 33% below median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 19.09. Based on the distribution chart, Capital Gearing Trust ranks #772 out of 1169 companies in the Asset Management industry, which is below the industry midpoint. Overall, Capital Gearing Trust has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Capital Gearing Trust's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Capital Gearing Trust ranks #772 out of 1169 companies for Graham Number. This places Capital Gearing Trust in the lower half of its industry. The industry median Graham Number is 0.71. Historically, Capital Gearing Trust's own Graham Number has ranged from 0.93 to 19.09 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 an Asset Management company?
The median Graham Number among Asset Management companies is 0.71, based on 1,169 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 Capital Gearing Trust and its competitors. For the Asset Management industry, the median Graham Number is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Gearing Trust's current Graham Number is £5.59, which is 33% below median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Gearing Trust stock overvalued right now?
Capital Gearing Trust (CHIX:CGTL) has a current Graham Number of £5.59. The current Graham Number is £5.59, which is 33% below median its 10-year median of 8.37. Capital Gearing Trust's overall GF Score™ is 43/100 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 Capital Gearing Trust (CHIX:CGTL), the current Graham Number is £5.59 as of Mar. 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.
Capital Gearing Trust PLC as an investment trust, is a UK closed-ended public limited company which invests in a diversified portfolio of assets meeting the investment trust tax conditions. Investment trusts, such as the Company, are long-term investment vehicles and are typically externally managed and overseen by experienced independent. The Company's objective is to preserve and, over time, to grow shareholders real wealth. The company has presence in United States, United Kingdom. Sweden, and Japan.
43GF Score
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