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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 Trematon Capital Investments's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Trematon Capital Investments was 8.69. The lowest was 0.33. And the median was 1.73.
JSE:TMT's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.72 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Trematon Capital Investments (JSE:TMT) 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.
Trematon Capital Investments's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
1.23
/
N/A
=
N/A
* 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.
Trematon Capital Investments Graham Number Related Terms
Trematon Capital Investments 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.
JSE:TMT vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Trematon Capital Investments'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.
Trematon Capital Investments Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Trematon Capital Investments's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Trematon Capital Investments'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.
Trematon Capital Investments (JSE:TMT) has a Graham Number of RN/A as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Trematon Capital Investments and its competitors. According to the industry distribution chart, Trematon Capital Investments ranks #999999 out of 1152 companies in the Real Estate industry.
Is Trematon Capital Investments' Graham Number too high?
Trematon Capital Investments' current Graham Number is RN/A. Based on the distribution chart, Trematon Capital Investments ranks #999999 out of 1152 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Trematon Capital Investments 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 Trematon Capital Investments' Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Trematon Capital Investments ranks #999999 out of 1152 companies for Graham Number. This places Trematon Capital Investments in the lower half of its industry. The industry median Graham Number is 0.72. 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.72, based on 1,152 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. 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 Trematon Capital Investments and its competitors. For the Real Estate industry, the median Graham Number is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trematon Capital Investments's current Graham Number is RN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trematon Capital Investments stock overvalued right now?
Based on GuruFocus' analysis, Trematon Capital Investments (JSE:TMT) is currently considered Possible Value Trap. The stock's GF Value™ is R11.54, compared to a current price of R1.23 — trading 89.3% below its estimated fair value. The current Graham Number is RN/A. Trematon Capital Investments' overall GF Score™ is 53/100 with 8 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 Trematon Capital Investments (JSE:TMT), the current Graham Number is RN/A as of Feb. 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 Trematon Capital Investments (JSE:TMT) Overvalued in 2026?
Based on GuruFocus' analysis, Trematon Capital Investments stock appears to be undervalued.
The current stock price of R1.23 is trading 89.3% below its estimated GF Value™ of R11.54.
GuruFocus considers Trematon Capital Investments to be Possible Value Trap.
Key valuation signals for JSE:TMT:
Graham Number: RN/A
GF Value™: R11.54 vs. price of R1.23 (89.3% below fair value)
No single metric tells the full story. See the JSE:TMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trematon Capital Investments Ltd operates as an investment holding company that invests in assets and businesses that its management believes are undervalued and have the potential to achieve its targeted internal rate of return. The company's reportable segments are Property investments, Education, Edutech, UK property investments, Corporate and other. Maximum revenue for the company is generated from its Property investments segment which generates income from the sale of investment property and inventory, rental income on investment property, fair value gains on property investments, and dividend income from reporting entities within the segment. Geographically, the company has a business presence in South Africa and the United Kingdom.
53GF Score
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