CTRRF (CT Real Estate Investment Trust) Graham Number: $11.55 (As of Mar. 2026) — 887% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CTRRF CT Real Estate Investment Trust CTRRF
73 GF Score
Price $13.26
GF Value $11.72
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is CT Real Estate Investment Trust Graham Number?

CT Real Estate Investment Trust CTRRF 73 Graham Number is $11.55 as of Mar. 2026, which is 887% above its 10-year median of 1.17. GuruFocus rates CTRRF with a GF Score™ of 73/100 and a GF Value™ of $11.72 (Fairly Valued). The stock has 11 warning signs investors should review. Among 729 REITs companies, CT Real Estate Investment Trust ranks worse than 76.13% 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.

As of today (2026-07-18), the stock price of CT Real Estate Investment Trust is $13.2585. CT Real Estate Investment Trust's graham number for the quarter that ended in Mar. 2026 was $11.55. Therefore, CT Real Estate Investment Trust's Price to Graham Number ratio for today is 1.15.

The historical rank and industry rank for CT Real Estate Investment Trust's Graham Number or its related term are showing as below:

CTRRF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95   Med: 1.17   Max: 1.46
Current: 1.18

During the past 13 years, the highest Price to Graham Number ratio of CT Real Estate Investment Trust was 1.46. The lowest was 0.95. And the median was 1.17.

CTRRF's Price-to-Graham-Number is ranked worse than
76.13% of 729 companies
in the REITs industry
Industry Median: 0.74 vs CTRRF: 1.18

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


CT Real Estate Investment Trust  (OTCPK:CTRRF) 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.

CT Real Estate Investment Trust's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=13.2585/11.55
=1.15

* 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.


CT Real Estate Investment Trust Graham Number Related Terms


CT Real Estate Investment Trust Graham Number Historical Data

* Premium members only.

The historical data trend for CT Real Estate Investment 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.

CT Real Estate Investment Trust Graham Number Chart

CT Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.90 9.95 9.57 10.07 11.22

CT Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.26 10.65 10.75 11.16 11.55

CTRRF vs SPG, O, KIM: Graham Number Comparison

For the REIT - Retail subindustry, CT Real Estate Investment 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.


CT Real Estate Investment Trust Price-to-Graham-Number vs REITs Industry

For the REITs industry and Real Estate sector, CT Real Estate Investment Trust's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where CT Real Estate Investment Trust's Price-to-Graham-Number falls into.


CTRRF
73GF Score
CT Real Estate Investment Trust CTRRF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CT Real Estate Investment Trust Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

CT Real Estate Investment Trust's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*6.031*0.928)
=11.22

CT Real Estate Investment Trust's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*6.154*0.964)
=11.55

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $11.55 mean?
CT Real Estate Investment Trust (CTRRF) has a Graham Number of $11.55 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on CT Real Estate Investment Trust and its competitors. This is 887% above median its historical median of 1.17. Over the past decade, CT Real Estate Investment Trust's Graham Number has ranged from 0.95 to 1.46. According to the industry distribution chart, CT Real Estate Investment Trust ranks #555 out of 729 companies in the REITs industry, placing it in the top 76.1%.
Is CT Real Estate Investment Trust's Graham Number too high?
CT Real Estate Investment Trust's current Graham Number of $11.55 is 887% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.46. The REITs industry median Graham Number is 0.74. CT Real Estate Investment Trust's value of $11.55 is 1460.8% above this industry median. Based on the distribution chart, CT Real Estate Investment Trust ranks #555 out of 729 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, CT Real Estate Investment Trust has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CT Real Estate Investment Trust's Graham Number compare to SPG and O?
According to the REITs industry distribution chart, CT Real Estate Investment Trust ranks #555 out of 729 companies for Graham Number. This places CT Real Estate Investment Trust in the lower half of its industry. The industry median Graham Number is 0.74. CT Real Estate Investment Trust's value of $11.55 is 1460.8% above this benchmark. Historically, CT Real Estate Investment Trust's own Graham Number has ranged from 0.95 to 1.46 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.74, CT Real Estate Investment Trust has consistently been above the industry average. 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 0.74, based on 729 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. CT Real Estate Investment Trust's current Graham Number of $11.55 is 1460.8% above 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 CT Real Estate Investment Trust and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CT Real Estate Investment Trust's current Graham Number is $11.55, which is 887% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CT Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, CT Real Estate Investment Trust (CTRRF) is currently considered Fairly Valued. The stock's GF Value™ is $11.72, compared to a current price of $13.26 — trading 13.1% above its estimated fair value. The current Graham Number is $11.55, which is 887% above median its 10-year median of 1.17 and 1460.8% above the REITs industry median of 0.74. CT Real Estate Investment Trust's overall GF Score™ is 73/100 with 11 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 CT Real Estate Investment Trust (CTRRF), the current Graham Number is $11.55 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.

Is CT Real Estate Investment Trust (CTRRF) Overvalued in 2026?

Based on GuruFocus' analysis, CT Real Estate Investment Trust stock appears to be overvalued. The current stock price of $13.26 is trading 13.1% above its estimated GF Value™ of $11.72. GuruFocus considers CT Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for CTRRF:

  • Graham Number: $11.55 (887% above median its 10-year median of 1.17)
  • GF Value™: $11.72 vs. price of $13.26 (13.1% above fair value)
  • GF Score™: 73/100 with 11 warning signs
  • Industry Position: 1460.8% above the REITs median (#555 of 729)

No single metric tells the full story. See the CTRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CT Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 5G4:GermanyCRT.UN:Canada
Address 2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.
73GF Score

Get the complete analysis for CTRRF

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.26
Price
$11.72
GF Value