CVTGF (Clairvest Group) Graham Number: $96.34 (As of Mar. 2026) — 17416% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CVTGF Clairvest Group Inc CVTGF
61 GF Score
Price $49.00
GF Value $85.56
! 1 Warning Sign
View Full Analysis

What is Clairvest Group Graham Number?

Clairvest Group CVTGF 61 Graham Number is $96.34 as of Mar. 2026, which is 17416% above its 10-year median of 0.55. GuruFocus rates CVTGF with a GF Score™ of 61/100 and a GF Value™ of $85.56. The stock has 1 warning sign investors should review. Among 1,169 Asset Management companies, Clairvest Group ranks better than 62.28% 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 (2026-07-23), the stock price of Clairvest Group is $49.00. Clairvest Group's graham number for the quarter that ended in Mar. 2026 was $96.34. Therefore, Clairvest Group's Price to Graham Number ratio for today is 0.51.

The historical rank and industry rank for Clairvest Group's Graham Number or its related term are showing as below:

CVTGF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.32   Med: 0.55   Max: 0.99
Current: 0.58

During the past 13 years, the highest Price to Graham Number ratio of Clairvest Group was 0.99. The lowest was 0.32. And the median was 0.55.

CVTGF's Price-to-Graham-Number is ranked better than
62.28% of 1169 companies
in the Asset Management industry
Industry Median: 0.7 vs CVTGF: 0.58

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


Clairvest Group  (OTCPK:CVTGF) 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.

Clairvest Group's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=49.00/96.34
=0.51

* 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.


Clairvest Group Graham Number Related Terms


Clairvest Group Graham Number Historical Data

* Premium members only.

The historical data trend for Clairvest Group'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.

Clairvest Group Graham Number Chart

Clairvest Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.29 58.22 0.00 90.36 96.35

Clairvest Group 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 91.72 93.68 11.21 74.79 96.34

CVTGF vs BLK, BX, KKR: Graham Number Comparison

For the Asset Management subindustry, Clairvest Group'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.


Clairvest Group Price-to-Graham-Number vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Clairvest Group's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Clairvest Group's Price-to-Graham-Number falls into.


CVTGF
61GF Score
Clairvest Group Inc CVTGF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clairvest Group Graham Number Calculation

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

Clairvest Group's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*70.411*5.86)
=96.35

Clairvest Group'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*70.411*5.859)
=96.34

* 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 $96.34 mean?
Clairvest Group (CVTGF) has a Graham Number of $96.34 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Clairvest Group and its competitors. This is 17416% above median its historical median of 0.55. Over the past decade, Clairvest Group's Graham Number has ranged from 0.32 to 0.99. According to the industry distribution chart, Clairvest Group ranks #441 out of 1169 companies in the Asset Management industry, placing it in the top 37.7%.
Is Clairvest Group's Graham Number too high?
Clairvest Group's current Graham Number of $96.34 is 17416% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.99. The Asset Management industry median Graham Number is 0.70. Clairvest Group's value of $96.34 is 13662.9% above this industry median. Based on the distribution chart, Clairvest Group ranks #441 out of 1169 companies in the Asset Management industry, which is above the industry midpoint. Overall, Clairvest Group has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Clairvest Group's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Clairvest Group ranks #441 out of 1169 companies for Graham Number. This puts Clairvest Group in the upper half of its industry. The industry median Graham Number is 0.70. Clairvest Group's value of $96.34 is 13662.9% above this benchmark. Historically, Clairvest Group's own Graham Number has ranged from 0.32 to 0.99 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.70, Clairvest Group 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 an Asset Management company?
The median Graham Number among Asset Management companies is 0.70, 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. Clairvest Group's current Graham Number of $96.34 is 13662.9% 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 Clairvest Group and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clairvest Group's current Graham Number is $96.34, which is 17416% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clairvest Group stock overvalued right now?
Clairvest Group (CVTGF) has a current Graham Number of $96.34. The stock's GF Value™ is $85.56, compared to a current price of $49.00 — trading 42.7% below its estimated fair value. The current Graham Number is $96.34, which is 17416% above median its 10-year median of 0.55 and 13662.9% above the Asset Management industry median of 0.70. Clairvest Group's overall GF Score™ is 61/100 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 Clairvest Group (CVTGF), the current Graham Number is $96.34 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 Clairvest Group (CVTGF) Overvalued in 2026?

Based on GuruFocus' analysis, Clairvest Group stock appears to be undervalued. The current stock price of $49.00 is trading 42.7% below its estimated GF Value™ of $85.56.

Key valuation signals for CVTGF:

  • Graham Number: $96.34 (17416% above median its 10-year median of 0.55)
  • GF Value™: $85.56 vs. price of $49.00 (42.7% below fair value)
  • GF Score™: 61/100 with 1 warning sign
  • Industry Position: 13662.9% above the Asset Management median (#441 of 1169)

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


Clairvest Group Business Description

Other Exchanges CVG:Canada
Address 22 St. Clair Avenue East, Suite 1700, Toronto, ON, CAN, M4T 2S3
Clairvest Group Inc is a Canadian private equity investment firm. The company invests in and partners with the management teams of businesses that have the potential to create average returns in their respective industries. It contributes financing and strategic expertise to support the growth and development of its investee companies to create realizable value for all shareholders. It invests its capital into entrepreneurial corporations.
61GF Score

Get the complete analysis for CVTGF

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

$49.00
Price
$85.56
GF Value