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.
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.
What is Eaton Vance Tax-mgd Dvsf Eq Fd Graham Number?
Eaton Vance Tax-mgd Dvsf Eq FdETY +0.69%53 Graham Number is $31.13 as of Apr. 2026, which is 5003% above its 10-year median of 0.61. GuruFocus rates ETY with a GF Score™ of 53/100 and a GF Value™ of $22.11 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,173 Asset Management companies, Eaton Vance Tax-mgd Dvsf Eq Fd ranks better than 77.83% 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.
The historical rank and industry rank for Eaton Vance Tax-mgd Dvsf Eq Fd's Graham Number or its related term are showing as below:
ETY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.38 Med: 0.61 Max: 1
Current: 0.47
During the past 9 years, the highest Price to Graham Number ratio of Eaton Vance Tax-mgd Dvsf Eq Fd was 1.00. The lowest was 0.38. And the median was 0.61.
ETY's Price-to-Graham-Number is ranked better than 77.83% of 1173
companies
in the Asset Management industry
Industry Median: 0.7
vs ETY: 0.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Eaton Vance Tax-mgd Dvsf Eq Fd (NYSE:ETY) 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.
Eaton Vance Tax-mgd Dvsf Eq Fd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
14.65
/
31.13
=
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.
Eaton Vance Tax-mgd Dvsf Eq Fd Graham Number Related Terms
Eaton Vance Tax-mgd Dvsf Eq Fd Graham Number Historical Data
* 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.
Eaton Vance Tax-mgd Dvsf Eq Fd Graham Number Chart
For the Asset Management subindustry, Eaton Vance Tax-mgd Dvsf Eq Fd'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.
Eaton Vance Tax-mgd Dvsf Eq Fd Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-mgd Dvsf Eq Fd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-mgd Dvsf Eq Fd'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.
Eaton Vance Tax-mgd Dvsf Eq Fd (ETY) has a Graham Number of $31.13 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Eaton Vance Tax-mgd Dvsf Eq Fd and its competitors. This is 5003% above median its historical median of 0.61. Over the past decade, Eaton Vance Tax-mgd Dvsf Eq Fd's Graham Number has ranged from 0.38 to 1.00. According to the industry distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #260 out of 1173 companies in the Asset Management industry, placing it in the top 22.2%.
Is Eaton Vance Tax-mgd Dvsf Eq Fd's Graham Number too high?
Eaton Vance Tax-mgd Dvsf Eq Fd's current Graham Number of $31.13 is 5003% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.00. The Asset Management industry median Graham Number is 0.70. Eaton Vance Tax-mgd Dvsf Eq Fd's value of $31.13 is 4347.1% above this industry median. Based on the distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #260 out of 1173 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-mgd Dvsf Eq Fd has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-mgd Dvsf Eq Fd's Graham Number compare to GOF and RVT?
According to the Asset Management industry distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #260 out of 1173 companies for Graham Number. This places Eaton Vance Tax-mgd Dvsf Eq Fd in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.70. Eaton Vance Tax-mgd Dvsf Eq Fd's value of $31.13 is 4347.1% above this benchmark. Historically, Eaton Vance Tax-mgd Dvsf Eq Fd's own Graham Number has ranged from 0.38 to 1.00 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.70, Eaton Vance Tax-mgd Dvsf Eq Fd 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 1,173 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. Eaton Vance Tax-mgd Dvsf Eq Fd's current Graham Number of $31.13 is 4347.1% 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 Eaton Vance Tax-mgd Dvsf Eq Fd 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. Eaton Vance Tax-mgd Dvsf Eq Fd's current Graham Number is $31.13, which is 5003% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax-mgd Dvsf Eq Fd stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-mgd Dvsf Eq Fd (ETY) is currently considered Possible Value Trap. The stock's GF Value™ is $22.11, compared to a current price of $14.65 — trading 33.7% below its estimated fair value. The current Graham Number is $31.13, which is 5003% above median its 10-year median of 0.61 and 4347.1% above the Asset Management industry median of 0.70. Eaton Vance Tax-mgd Dvsf Eq Fd's overall GF Score™ is 53/100 with 5 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 Eaton Vance Tax-mgd Dvsf Eq Fd (ETY), the current Graham Number is $31.13 as of Apr. 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 Eaton Vance Tax-mgd Dvsf Eq Fd (ETY) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-mgd Dvsf Eq Fd stock appears to be undervalued.
The current stock price of $14.65 is trading 33.7% below its estimated GF Value™ of $22.11.
GuruFocus considers Eaton Vance Tax-mgd Dvsf Eq Fd to be Possible Value Trap.
Key valuation signals for ETY:
Graham Number: $31.13 (5003% above median its 10-year median of 0.61)
GF Value™: $22.11 vs. price of $14.65 (33.7% below fair value)
Industry Position: 4347.1% above the Asset Management median (#260 of 1173)
No single metric tells the full story. See the ETY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-mgd Dvsf Eq Inc Fd is a diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Its portfolio of investments consists of capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, and consumable fuels, and other sectors.
53GF Score
Get the complete analysis for ETY
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
ETY has been successfully added to your 
