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ProVen Growth &ome VCTLSE:PGOO 21 Graham Number is £N/A as of Feb. 2023. GuruFocus rates LSE:PGOO with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 1,150 Asset Management companies, ProVen Growth &ome VCT ranks worse than 86956.43% 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 ProVen Growth &ome VCT's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of ProVen Growth &ome VCT was 1.02. The lowest was 0.50. And the median was 0.64.
LSE:PGOO's Price-to-Graham-Number is not ranked *
in the Asset Management industry.
Industry Median: 0.67 * 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.
ProVen Growth &ome VCT (LSE:PGOO) 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.
ProVen Growth &ome VCT's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2023 )
=
0.441
/
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.
ProVen Growth &ome VCT Graham Number Related Terms
ProVen Growth &ome VCT 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.
LSE:PGOO vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, ProVen Growth &ome VCT'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.
ProVen Growth &ome VCT Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ProVen Growth &ome VCT's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ProVen Growth &ome VCT'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.
ProVen Growth &ome VCT (LSE:PGOO) has a Graham Number of £N/A as of Feb. 2023. The Graham Number values a company based on its per-share earnings and book value. View historical data on ProVen Growth &ome VCT and its competitors. According to the industry distribution chart, ProVen Growth &ome VCT ranks #999999 out of 1150 companies in the Asset Management industry.
Is ProVen Growth &ome VCT's Graham Number too high?
ProVen Growth &ome VCT's current Graham Number is £N/A. Based on the distribution chart, ProVen Growth &ome VCT ranks #999999 out of 1150 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, ProVen Growth &ome VCT has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ProVen Growth &ome VCT's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, ProVen Growth &ome VCT ranks #999999 out of 1150 companies for Graham Number. This places ProVen Growth &ome VCT in the lower half of its industry. The industry median Graham Number is 0.67. 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 0.67, based on 1,150 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 ProVen Growth &ome VCT and its competitors. For the Asset Management industry, the median Graham Number is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ProVen Growth &ome VCT's current Graham Number is £N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProVen Growth &ome VCT stock overvalued right now?
ProVen Growth &ome VCT (LSE:PGOO) has a current Graham Number of £N/A. The current Graham Number is £N/A. ProVen Growth &ome VCT's overall GF Score™ is 21/100 with 1 warning sign 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 ProVen Growth &ome VCT (LSE:PGOO), the current Graham Number is £N/A as of Feb. 2023. 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.
ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare, and Business Services.
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