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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 Town Centre Securities's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Town Centre Securities was 1.69. The lowest was 0.46. And the median was 0.62.
CHIX:TOWNl's Price-to-Graham-Number is not ranked *
in the REITs industry.
Industry Median: 0.72 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Town Centre Securities (CHIX:TOWNl) 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.
Town Centre Securities's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.33
/
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.
Town Centre Securities Graham Number Related Terms
Town Centre Securities 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 REIT - Diversified subindustry, Town Centre Securities'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.
Town Centre Securities Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Town Centre Securities's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Town Centre Securities'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.
Town Centre Securities (CHIX:TOWNL) has a Graham Number of £N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Town Centre Securities and its competitors. According to the industry distribution chart, Town Centre Securities ranks #999999 out of 723 companies in the REITs industry.
Is Town Centre Securities' Graham Number too high?
Town Centre Securities' current Graham Number is £N/A. Based on the distribution chart, Town Centre Securities ranks #999999 out of 723 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Town Centre Securities has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Town Centre Securities' Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Town Centre Securities ranks #999999 out of 723 companies for Graham Number. This places Town Centre Securities in the lower half of its industry. The industry median Graham Number is 0.72. 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 0.72, based on 723 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 Town Centre Securities and its competitors. For the REITs industry, the median Graham Number is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Town Centre Securities's current Graham Number is £N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Town Centre Securities stock overvalued right now?
Based on GuruFocus' analysis, Town Centre Securities (CHIX:TOWNL) is currently considered Fairly Valued. The stock's GF Value™ is £1.37, compared to a current price of £1.33 — trading 2.9% below its estimated fair value. The current Graham Number is £N/A. Town Centre Securities' overall GF Score™ is 67/100 with 7 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 Town Centre Securities (CHIX:TOWNL), the current Graham Number is £N/A 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 Town Centre Securities (CHIX:TOWNL) Overvalued in 2026?
Based on GuruFocus' analysis, Town Centre Securities stock appears to be undervalued.
The current stock price of £1.33 is trading 2.9% below its estimated GF Value™ of £1.37.
GuruFocus considers Town Centre Securities to be Fairly Valued.
Key valuation signals for CHIX:TOWNL:
Graham Number: £N/A
GF Value™: £1.37 vs. price of £1.33 (2.9% below fair value)
No single metric tells the full story. See the CHIX:TOWNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Town Centre Securities PLC is a United Kingdom-based company engaged in property investment, development, trading, and the provision of hotel and car parks. The company operates in four business segments comprising property rental, car park operations, hotel operations, and investments. Geographically their operations are performed wholly in the United Kingdom. It serves various sectors such as retail, leisure, office, car parking, distribution, and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives its revenue from the Property Rental segment.
67GF Score
Get the complete analysis for CHIX:TOWNL
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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