CWLPF (Caldwell Partners International) Graham Number: $1.15 (As of May. 2026) — 12% 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.
Reviewed by: Charlie Tian Charlie Tian
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.

CWLPF Caldwell Partners International Inc CWLPF
50 GF Score
Price $0.75
GF Value $0.65
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Caldwell Partners International Graham Number?

Caldwell Partners International CWLPF 50 Graham Number is $1.15 as of May. 2026, which is 12% above its 10-year median of 1.03. GuruFocus rates CWLPF with a GF Score™ of 50/100 and a GF Value™ of $0.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 700 Business Services companies, Caldwell Partners International ranks better than 81.29% 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 (2026-08-02), the stock price of Caldwell Partners International is $0.75. Caldwell Partners International's graham number for the quarter that ended in May. 2026 was $1.15. Therefore, Caldwell Partners International's Price to Graham Number ratio for today is 0.65.

The historical rank and industry rank for Caldwell Partners International's Graham Number or its related term are showing as below:

CWLPF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.43   Med: 1.03   Max: 2.7
Current: 0.66

During the past 13 years, the highest Price to Graham Number ratio of Caldwell Partners International was 2.70. The lowest was 0.43. And the median was 1.03.

CWLPF's Price-to-Graham-Number is ranked better than
81.29% of 700 companies
in the Business Services industry
Industry Median: 1.2 vs CWLPF: 0.66

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


Caldwell Partners International  (OTCPK:CWLPF) 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.

Caldwell Partners International's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: May. 2026 )
=0.75/1.15
=0.65

* 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.


Caldwell Partners International Graham Number Related Terms


Caldwell Partners International Graham Number Historical Data

* Premium members only.

The historical data trend for Caldwell Partners International'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.

Caldwell Partners International Graham Number Chart

Caldwell Partners International Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 2.27 0.00 0.00 0.93

Caldwell Partners International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.94 0.99 1.11 1.15

CWLPF vs KFY, RHI, TNET: Graham Number Comparison

For the Staffing & Employment Services subindustry, Caldwell Partners International'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.


Caldwell Partners International Price-to-Graham-Number vs Business Services Industry

For the Business Services industry and Industrials sector, Caldwell Partners International's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Caldwell Partners International's Price-to-Graham-Number falls into.


CWLPF
50GF Score
Caldwell Partners International Inc CWLPF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caldwell Partners International Graham Number Calculation

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

Caldwell Partners International's Graham Number for the fiscal year that ended in Aug. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.58*0.066)
=0.93

Caldwell Partners International's Graham Number for the quarter that ended in May. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.615*0.096)
=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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $1.15 mean?
Caldwell Partners International (CWLPF) has a Graham Number of $1.15 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Caldwell Partners International and its competitors. This is 12% above median its historical median of 1.03. Over the past decade, Caldwell Partners International's Graham Number has ranged from 0.43 to 2.70. According to the industry distribution chart, Caldwell Partners International ranks #131 out of 700 companies in the Business Services industry, placing it in the top 18.7%.
Is Caldwell Partners International's Graham Number too high?
Caldwell Partners International's current Graham Number of $1.15 is 12% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.70. The Business Services industry median Graham Number is 1.20. Caldwell Partners International's value of $1.15 is 4.2% below this industry median. Based on the distribution chart, Caldwell Partners International ranks #131 out of 700 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Caldwell Partners International has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caldwell Partners International's Graham Number compare to KFY and RHI?
According to the Business Services industry distribution chart, Caldwell Partners International ranks #131 out of 700 companies for Graham Number. This places Caldwell Partners International in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.20. Caldwell Partners International's value of $1.15 is 4.2% below this benchmark. Historically, Caldwell Partners International's own Graham Number has ranged from 0.43 to 2.70 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.20, Caldwell Partners International has consistently been below 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 Business Services company?
The median Graham Number among Business Services companies is 1.20, based on 700 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. Caldwell Partners International's current Graham Number of $1.15 is 4.2% 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 Caldwell Partners International and its competitors. For the Business Services industry, the median Graham Number is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caldwell Partners International's current Graham Number is $1.15, which is 12% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caldwell Partners International stock overvalued right now?
Based on GuruFocus' analysis, Caldwell Partners International (CWLPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.65, compared to a current price of $0.75 — trading 15.4% above its estimated fair value. The current Graham Number is $1.15, which is 12% above median its 10-year median of 1.03 and 4.2% below the Business Services industry median of 1.20. Caldwell Partners International's overall GF Score™ is 50/100 with 6 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 Caldwell Partners International (CWLPF), the current Graham Number is $1.15 as of May. 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 Caldwell Partners International (CWLPF) Overvalued in 2026?

Based on GuruFocus' analysis, Caldwell Partners International stock appears to be overvalued. The current stock price of $0.75 is trading 15.4% above its estimated GF Value™ of $0.65. GuruFocus considers Caldwell Partners International to be Modestly Overvalued.

Key valuation signals for CWLPF:

  • Graham Number: $1.15 (12% above median its 10-year median of 1.03)
  • GF Value™: $0.65 vs. price of $0.75 (15.4% above fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 4.2% below the Business Services median (#131 of 700)

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


Caldwell Partners International Business Description

Other Exchanges CWL:Canada
Address 79 Wellington Street West, Suite 2410, TD South Tower, Toronto, ON, CAN, M5K 1E7
Caldwell Partners International Inc is a provider of executive search that specializes in the recruitment of executives for full-time and advisory roles. The company contracts with its clients, on an assignment basis providing advice on the identification, evaluation, assessment, and recommendation of qualified candidates for filling of senior executive positions. It recruits employees for various positions that include Board Services, Human Resources, Information Security, Legal, Marketing, Industrial, Insurance, Healthcare, Media, Real Estate, Technology, etc. The company operates through two segments; Caldwell and IQTalent, out of which the majority revenue is generated from Caldwell segment. The company's operations are spread across Canada, the United States, Asia Pacific, and Europe.
50GF Score

Get the complete analysis for CWLPF

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

$0.75
Price
$0.65
GF Value