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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 Capital Environment Holdings's Graham Number or its related term are showing as below:
CPEVF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.18 Med: 0.39 Max: 1.23
Current: 0.21
During the past 13 years, the highest Price to Graham Number ratio of Capital Environment Holdings was 1.23. The lowest was 0.18. And the median was 0.39.
CPEVF's Price-to-Graham-Number is ranked better than 98.53% of 136
companies
in the Waste Management industry
Industry Median: 1.355
vs CPEVF: 0.21
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Capital Environment Holdings (OTCPK:CPEVF) 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 Environment Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.0104
/
0.05
=
0.20
* 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 Environment Holdings Graham Number Related Terms
Capital Environment Holdings 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 Waste Management subindustry, Capital Environment Holdings'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 Environment Holdings Price-to-Graham-Number vs Waste Management Industry
For the Waste Management industry and Industrials sector, Capital Environment Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Capital Environment Holdings'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 Environment Holdings (CPEVF) has a Graham Number of $0.05 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Capital Environment Holdings and its competitors. According to the industry distribution chart, Capital Environment Holdings ranks #2 out of 136 companies in the Waste Management industry, placing it in the top 1.5%.
Is Capital Environment Holdings' Graham Number too high?
Capital Environment Holdings' current Graham Number is $0.05. The Waste Management industry median Graham Number is 1.36. Capital Environment Holdings' value of $0.05 is 96.3% below this industry median. Based on the distribution chart, Capital Environment Holdings ranks #2 out of 136 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Environment Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Capital Environment Holdings' Graham Number compare to WM and RSG?
According to the Waste Management industry distribution chart, Capital Environment Holdings ranks #2 out of 136 companies for Graham Number. This places Capital Environment Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.36. Capital Environment Holdings' value of $0.05 is 96.3% 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 a Waste Management company?
The median Graham Number among Waste Management companies is 1.36, based on 136 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. Capital Environment Holdings's current Graham Number of $0.05 is 96.3% 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 Capital Environment Holdings and its competitors. For the Waste Management industry, the median Graham Number is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Environment Holdings's current Graham Number is $0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Environment Holdings stock overvalued right now?
Capital Environment Holdings (CPEVF) has a current Graham Number of $0.05. The stock's GF Value™ is $0.01, compared to a current price of $0.01 — trading 4% above its estimated fair value. The current Graham Number is $0.05 and 96.3% below the Waste Management industry median of 1.36. Capital Environment Holdings' overall GF Score™ is 44/100 with 4 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 Capital Environment Holdings (CPEVF), the current Graham Number is $0.05 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 Capital Environment Holdings (CPEVF) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Environment Holdings stock appears to be overvalued.
The current stock price of $0.01 is trading 4% above its estimated GF Value™ of $0.01.
Key valuation signals for CPEVF:
Graham Number: $0.05
GF Value™: $0.01 vs. price of $0.01 (4% above fair value)
Industry Position: 96.3% below the Waste Management median (#2 of 136)
No single metric tells the full story. See the CPEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Environment Holdings Ltd is an investment holding company engaged in the provision of waste treatment technologies and services, which specializes in technology development, design, system integration, project investment, consultancy, operation, and maintenance of waste treatment facilities, especially waste-to-energy projects. The Group has a single reportable segment which is the Waste treatment & waste-to-energy business.
44GF Score
Get the complete analysis for CPEVF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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