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Xi'an Kingfar Property Services Co (HKSE:01354) Graham Number : HK$6.95 (As of Jun. 2024)


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What is Xi'an Kingfar Property Services Co Graham Number?

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 (2025-03-16), the stock price of Xi'an Kingfar Property Services Co is HK$20.10. Xi'an Kingfar Property Services Co's graham number for the quarter that ended in Jun. 2024 was HK$6.95. Therefore, Xi'an Kingfar Property Services Co's Price to Graham Number ratio for today is 2.89.

The historical rank and industry rank for Xi'an Kingfar Property Services Co's Graham Number or its related term are showing as below:

HKSE:01354' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.35
Current: 2.89

During the past 3 years, the highest Price to Graham Number ratio of Xi'an Kingfar Property Services Co was 3.35. The lowest was 0.00. And the median was 0.00.

HKSE:01354's Price-to-Graham-Number is ranked worse than
91.73% of 1137 companies
in the Real Estate industry
Industry Median: 0.81 vs HKSE:01354: 2.89

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


Xi'an Kingfar Property Services Co Graham Number Historical Data

The historical data trend for Xi'an Kingfar Property Services Co'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.

* Premium members only.

Xi'an Kingfar Property Services Co Graham Number Chart

Xi'an Kingfar Property Services Co Annual Data
Trend Dec21 Dec22 Dec23
Graham Number
4.82 3.95 5.87

Xi'an Kingfar Property Services Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Graham Number - - - 5.87 6.95

Competitive Comparison of Xi'an Kingfar Property Services Co's Graham Number

For the Real Estate Services subindustry, Xi'an Kingfar Property Services Co'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.


Xi'an Kingfar Property Services Co's Price-to-Graham-Number Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Xi'an Kingfar Property Services Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Xi'an Kingfar Property Services Co's Price-to-Graham-Number falls into.



Xi'an Kingfar Property Services Co Graham Number Calculation

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

Xi'an Kingfar Property Services Co's Graham Number for the fiscal year that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.769*0.867)
=5.87

Xi'an Kingfar Property Services Co's Graham Number for the quarter that ended in Jun. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*2.225*0.966)
=6.95

* 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.


Xi'an Kingfar Property Services Co  (HKSE:01354) 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.

Xi'an Kingfar Property Services Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2024 )
=20.10/6.95
=2.89

* 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.


Xi'an Kingfar Property Services Co Graham Number Related Terms

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Xi'an Kingfar Property Services Co Business Description

Traded in Other Exchanges
N/A
Address
No. 51 Fengcheng Second Road, Room 10701, Unit 1, Building 3, Xi’an Financial Innovation Center, Shaanxi, Economic and Technological, Development Zone, Xi’an, CHN
Xi`an Kingfar Property Services Co Ltd is a state-owned city service and property management service provider in Shaanxi Province with presence in Northwest China. It has three primary business lines; City Services, Residential Property Management Services and Commercial Property Management Services. The company contracted to provide public property management services, basic residential property management services and basic commercial property management services to 149 projects in China. Key revenue is generated from City services.
Executives
The Reynold Lemkins Group (asia) Limited
Kaufmann & Company Pan-asia Limited 2101 Beneficial owner
Xin Fu Yuan Ke Ji You Xian Gong Si 2101 Beneficial owner
Ding Huaming 2201 Interest of corporation controlled by you
Ju E Mao Yi Ji Tuan Xiang Gang You Xian Gong Si 2101 Beneficial owner
Meng Wujun 2201 Interest of corporation controlled by you
Xi An Tian Bo Zhen Duan Ji Shu You Xian Gong Si 2101 Beneficial owner
Liao Huixia 2201 Interest of corporation controlled by you
Ding Hua Ming 2101 Beneficial owner
Pan Zhixiong 2201 Interest of corporation controlled by you

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