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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.
As of today (2024-06-12), the stock price of enVVeno Medical is $4.76. enVVeno Medical's graham number for the quarter that ended in Mar. 2024 was $N/A. Therefore, enVVeno Medical's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for enVVeno Medical's Graham Number or its related term are showing as below:
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
The historical data trend for enVVeno Medical'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.
enVVeno Medical Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
enVVeno Medical Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Graham Number | Get a 7-Day Free Trial | - | - | - | - | - |
For the Medical Devices subindustry, enVVeno Medical'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.
For the Medical Devices & Instruments industry and Healthcare sector, enVVeno Medical's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where enVVeno Medical's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
enVVeno Medical'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 | * | 3.469 | * | -2.035) |
= | N/A |
enVVeno Medical's Graham Number for the quarter that ended in Mar. 2024 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | 3.178 | * | -1.779) |
= | 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.
enVVeno Medical (NAS:NVNO) 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.
enVVeno Medical's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Mar. 2024 ) |
= | 4.76 | / | 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.
Thank you for viewing the detailed overview of enVVeno Medical's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Hamed Alavi | officer: Chief Technology Officer | ENVVENO MEDICAL CORPORATION, 70 DOPPLER, IRVINE CA 92618 |
Francis Duhay | director | HANCOCK JAFFE LABORATORIES, INC., 70 DOPPLER, IRVINE CA 92618 |
Sanjay Shrivastava | director | HANCOCK JAFFE LABORATORIES, INC., 70 DOPPLER, IRVINE CA 92618 |
Robert Andrew Berman | director, officer: CEO | C/O ITUS CORPORATION, 12100 WILSHIRE BOULEVARD, SUITE 1275, LOS ANGELES CA 90025 |
Matthew Jenusaitis | director | 2 GOODYEAR, IRVINE CA 92618 |
Robert Gray | director | 70 DOPPLER, IRVINE CA 92618 |
Marc H. Glickman | officer: See Remarks | 70 DOPPLER, IRVINE CA 92618 |
Biodyne Holding, S.a. | 10 percent owner | 13 RUE DE LA GARE, MORGES V8 1110 |
Craig Glynn | officer: Chief Financial Officer | 70 DOPPLER, IRVINE CA 92618 |
Marcus W. Robins | director | C/O HANCOCK JAFFE LABORATORIES, INC., 70 DOPPLER, IRVINE CA 92618 |
Robert A Rankin | officer: Chief Financial Officer | 9200 SUNSET BLVD., SUITE 425, WEST HOLLYWOOD CA 90069 |
Browston Trading Ltd | 10 percent owner | P.O. BOX 20533, NICOSIA G4 1660 |
Robert W. Doyle | director | 70 DOPPLER, IRVINE CA 92618 |
Robert A. Anderson | director | 70 DOPPLER, IRVINE CA 92618 |
Susan Montoya | officer: See Remarks | 70 DOPPLER, IRVINE CA 92618 |
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