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Dividend Select 15DVVDF 36 Graham Number is $9.33 as of Nov. 2025, which is 1509% above its 10-year median of 0.58. GuruFocus rates DVVDF with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 1,169 Asset Management companies, Dividend Select 15 ranks better than 58.25% 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 (2026-07-17), the stock price of Dividend Select 15 is $5.1644. Dividend Select 15's graham number for the quarter that ended in Nov. 2025 was $9.33. Therefore, Dividend Select 15's Price to Graham Number ratio for today is 0.55.
The historical rank and industry rank for Dividend Select 15's Graham Number or its related term are showing as below:
DVVDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.46 Med: 0.58 Max: 2.05
Current: 0.62
During the past 13 years, the highest Price to Graham Number ratio of Dividend Select 15 was 2.05. The lowest was 0.46. And the median was 0.58.
DVVDF's Price-to-Graham-Number is ranked better than 58.25% of 1169
companies
in the Asset Management industry
Industry Median: 0.71
vs DVVDF: 0.62
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Dividend Select 15 (OTCPK:DVVDF) 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 Select 15's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Nov. 2025 )
=
5.1644
/
9.33
=
0.55
* 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.
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 Select 15 Graham Number Related Terms
Dividend Select 15 Graham Number Historical Data
* Premium members only.
The historical data trend for Dividend Select 15'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 Select 15'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 Select 15 Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend Select 15's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Dividend Select 15'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 Select 15 (DVVDF) has a Graham Number of $9.33 as of Nov. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dividend Select 15 and its competitors. This is 1509% above median its historical median of 0.58. Over the past decade, Dividend Select 15's Graham Number has ranged from 0.46 to 2.05. According to the industry distribution chart, Dividend Select 15 ranks #488 out of 1169 companies in the Asset Management industry, placing it in the top 41.7%.
Is Dividend Select 15's Graham Number too high?
Dividend Select 15's current Graham Number of $9.33 is 1509% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.05. The Asset Management industry median Graham Number is 0.71. Dividend Select 15's value of $9.33 is 1214.1% above this industry median. Based on the distribution chart, Dividend Select 15 ranks #488 out of 1169 companies in the Asset Management industry, which is above the industry midpoint. Overall, Dividend Select 15 has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Dividend Select 15's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend Select 15 ranks #488 out of 1169 companies for Graham Number. This puts Dividend Select 15 in the upper half of its industry. The industry median Graham Number is 0.71. Dividend Select 15's value of $9.33 is 1214.1% above this benchmark. Historically, Dividend Select 15's own Graham Number has ranged from 0.46 to 2.05 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.71, Dividend Select 15 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 1,169 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. Dividend Select 15's current Graham Number of $9.33 is 1214.1% 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 Select 15 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 Select 15's current Graham Number is $9.33, which is 1509% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Select 15 stock overvalued right now?
Dividend Select 15 (DVVDF) has a current Graham Number of $9.33. The current Graham Number is $9.33, which is 1509% above median its 10-year median of 0.58 and 1214.1% above the Asset Management industry median of 0.71. Dividend Select 15's overall GF Score™ is 36/100 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 Select 15 (DVVDF), the current Graham Number is $9.33 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 Select 15 Corp is a mutual fund corporation based in Canada. Its investment objective is to provide equity shareholders with monthly cash distributions, currently targeted to be at a rate of 10 percent annualized based on the volume-weighted average market price of the Equity shares for the last three trading days of the preceding month; and the opportunity for capital appreciation. The company invests in an actively managed portfolio of common shares of fifteen core large-capitalization, Canadian companies selected from a portfolio universe of over twenty companies. It employs an active covered call writing program to enhance the income earned from the portfolio.
36GF Score
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