Dividend 15 Split IIDVDDF 38 Graham Number is $12.67 as of Nov. 2025, which is 3149% above its 10-year median of 0.39. GuruFocus rates DVDDF with a GF Score™ of 38/100. The stock has 6 warning signs investors should review. Among 1,172 Asset Management companies, Dividend 15 Split II ranks better than 76.79% 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 (2026-07-05), the stock price of Dividend 15 Split II is $5.98. Dividend 15 Split II's graham number for the quarter that ended in Nov. 2025 was $12.67. Therefore, Dividend 15 Split II's Price to Graham Number ratio for today is 0.47.
The historical rank and industry rank for Dividend 15 Split II's Graham Number or its related term are showing as below:
DVDDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.25 Med: 0.39 Max: 0.76
Current: 0.5
During the past 13 years, the highest Price to Graham Number ratio of Dividend 15 Split II was 0.76. The lowest was 0.25. And the median was 0.39.
DVDDF's Price-to-Graham-Number is ranked better than 76.79% of 1172
companies
in the Asset Management industry
Industry Median: 0.71
vs DVDDF: 0.50
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Dividend 15 Split II (OTCPK:DVDDF) 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.
Dividend 15 Split II's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Nov. 2025 )
=
5.98
/
12.67
=
0.47
* 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.
Dividend 15 Split II Graham Number Related Terms
Dividend 15 Split II Graham Number Historical Data
* Premium members only.
The historical data trend for Dividend 15 Split II'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.
For the Asset Management subindustry, Dividend 15 Split II'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.
Dividend 15 Split II Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend 15 Split II's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Dividend 15 Split II'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.
Dividend 15 Split II (DVDDF) has a Graham Number of $12.67 as of Nov. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dividend 15 Split II and its competitors. This is 3149% above median its historical median of 0.39. Over the past decade, Dividend 15 Split II's Graham Number has ranged from 0.25 to 0.76. According to the industry distribution chart, Dividend 15 Split II ranks #272 out of 1172 companies in the Asset Management industry, placing it in the top 23.2%.
Is Dividend 15 Split II's Graham Number too high?
Dividend 15 Split II's current Graham Number of $12.67 is 3149% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.76. The Asset Management industry median Graham Number is 0.71. Dividend 15 Split II's value of $12.67 is 1684.5% above this industry median. Based on the distribution chart, Dividend 15 Split II ranks #272 out of 1172 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dividend 15 Split II has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Dividend 15 Split II's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend 15 Split II ranks #272 out of 1172 companies for Graham Number. This places Dividend 15 Split II in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.71. Dividend 15 Split II's value of $12.67 is 1684.5% above this benchmark. Historically, Dividend 15 Split II's own Graham Number has ranged from 0.25 to 0.76 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.71, Dividend 15 Split II 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 0.71, based on 1,172 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. Dividend 15 Split II's current Graham Number of $12.67 is 1684.5% 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 Dividend 15 Split II and its competitors. For the Asset Management industry, the median Graham Number is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dividend 15 Split II's current Graham Number is $12.67, which is 3149% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend 15 Split II stock overvalued right now?
Dividend 15 Split II (DVDDF) has a current Graham Number of $12.67. The current Graham Number is $12.67, which is 3149% above median its 10-year median of 0.39 and 1684.5% above the Asset Management industry median of 0.71. Dividend 15 Split II's overall GF Score™ is 38/100 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 Dividend 15 Split II (DVDDF), the current Graham Number is $12.67 as of Nov. 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.
Dividend 15 Split Corp II is an investment corporation designed to pay monthly cash dividends. The Company classifies its investments, including derivatives, based on both the Company's business model for managing those financial assets and the contractual cash flow characteristics of the financial assets. The Company offers two types of shares: Preferred shares and Class A shares.
38GF Score
Get the complete analysis for DVDDF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DVDDF has been successfully added to your 
