MonexB de SV (MEX:MONEXB) Graham Number: MXN50.57 (As of Sep. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:MONEXB Monex SAB de SV MEX:MONEXB
8 GF Score
Price MXN20.00
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What is MonexB de SV Graham Number?

MonexB de SV MEX:MONEXB 8 Graham Number is MXN50.57 as of Sep. 2023. GuruFocus rates MEX:MONEXB with a GF Score™ of 8/100.

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 (2026-07-15), the stock price of MonexB de SV is MXN20.00. MonexB de SV's graham number for the quarter that ended in Sep. 2023 was MXN50.57. Therefore, MonexB de SV's Price to Graham Number ratio for today is 0.40.

The historical rank and industry rank for MonexB de SV's Graham Number or its related term are showing as below:

MEX:MONEXB's Price-to-Graham-Number is not ranked *
in the Capital Markets industry.
Industry Median: 1.14
* 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.


MonexB de SV  (MEX:MONEXB) 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.

MonexB de SV's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2023 )
=20.00/50.57
=0.40

* 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.


MonexB de SV Graham Number Related Terms


MonexB de SV Graham Number Historical Data

* Premium members only.

The historical data trend for MonexB de SV'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.

MonexB de SV Graham Number Chart

MonexB de SV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.04 20.47 17.31 24.12 43.46

MonexB de SV Quarterly Data
Jun18 Sep18 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.07 39.41 43.66 45.80 50.57

MEX:MONEXB vs MS, SCHW, GS: Graham Number Comparison

For the Capital Markets subindustry, MonexB de SV'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.


MonexB de SV Price-to-Graham-Number vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MonexB de SV's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where MonexB de SV's Price-to-Graham-Number falls into.


MEX:MONEXB
8GF Score
Monex SAB de SV MEX:MONEXB
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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MonexB de SV Graham Number Calculation

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

MonexB de SV's Graham Number for the fiscal year that ended in Dec. 2022 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*17.976*4.67)
=43.46

MonexB de SV's Graham Number for the quarter that ended in Sep. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*20.536*5.534)
=50.57

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of MXN50.57 mean?
MonexB de SV (MEX:MONEXB) has a Graham Number of MXN50.57 as of Sep. 2023. The Graham Number values a company based on its per-share earnings and book value. View historical data on MonexB de SV and its competitors.
Is MonexB de SV's Graham Number too high?
MonexB de SV's current Graham Number is MXN50.57. Overall, MonexB de SV has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does MonexB de SV's Graham Number compare to MS and SCHW?
MonexB de SV's Graham Number of MXN50.57 can be compared against companies in the Capital Markets industry. The industry median Graham Number is 1.14. 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.14, based on 529 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 MonexB de SV and its competitors. For the Capital Markets industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MonexB de SV's current Graham Number is MXN50.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MonexB de SV stock overvalued right now?
MonexB de SV (MEX:MONEXB) has a current Graham Number of MXN50.57. The current Graham Number is MXN50.57. MonexB de SV's overall GF Score™ is 8/100. 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 MonexB de SV (MEX:MONEXB), the current Graham Number is MXN50.57 as of Sep. 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.

MonexB de SV Business Description

Address Paseo de la Reforma No. 284, 15th Floor, Colonia Juarez, Mexico, DF, MEX, 06600
Monex SAB de SV is a financial services company. The company through its subsidiaries provides foreign exchange, investment banking, risk management products, letters of credit, and payment services to corporate clients.
8GF Score

Get the complete analysis for MEX:MONEXB

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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