Orchid Island CapitalORC -0.15%31 Graham Number is $14.71 as of Mar. 2026, which is 1888% above its 10-year median of 0.74. GuruFocus rates ORC with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 731 REITs companies, Orchid Island Capital ranks better than 84.95% 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 Orchid Island Capital's Graham Number or its related term are showing as below:
ORC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34 Med: 0.74 Max: 4.69
Current: 0.46
During the past 13 years, the highest Price to Graham Number ratio of Orchid Island Capital was 4.69. The lowest was 0.34. And the median was 0.74.
ORC's Price-to-Graham-Number is ranked better than 84.95% of 731
companies
in the REITs industry
Industry Median: 0.74
vs ORC: 0.46
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Orchid Island Capital (NYSE:ORC) 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.
Orchid Island Capital's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
6.81
/
14.71
=
0.46
* 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.
Orchid Island Capital Graham Number Related Terms
Orchid Island Capital Graham Number Historical Data
* Premium members only.
The historical data trend for Orchid Island Capital'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.
For the REIT - Mortgage subindustry, Orchid Island Capital'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.
Orchid Island Capital Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Orchid Island Capital's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Orchid Island Capital'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.
Orchid Island Capital (ORC) has a Graham Number of $14.71 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Orchid Island Capital and its competitors. This is 1888% above median its historical median of 0.74. Over the past decade, Orchid Island Capital's Graham Number has ranged from 0.34 to 4.69. According to the industry distribution chart, Orchid Island Capital ranks #110 out of 731 companies in the REITs industry, placing it in the top 15%.
Is Orchid Island Capital's Graham Number too high?
Orchid Island Capital's current Graham Number of $14.71 is 1888% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 4.69. The REITs industry median Graham Number is 0.74. Orchid Island Capital's value of $14.71 is 1887.8% above this industry median. Based on the distribution chart, Orchid Island Capital ranks #110 out of 731 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Orchid Island Capital has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Orchid Island Capital's Graham Number compare to ARI and LADR?
According to the REITs industry distribution chart, Orchid Island Capital ranks #110 out of 731 companies for Graham Number. This places Orchid Island Capital in the top 15% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.74. Orchid Island Capital's value of $14.71 is 1887.8% above this benchmark. Historically, Orchid Island Capital's own Graham Number has ranged from 0.34 to 4.69 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.74, Orchid Island Capital has consistently been above the industry average. 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 731 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. Orchid Island Capital's current Graham Number of $14.71 is 1887.8% above the industry median. 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 Orchid Island Capital and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orchid Island Capital's current Graham Number is $14.71, which is 1888% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orchid Island Capital stock overvalued right now?
Orchid Island Capital (ORC) has a current Graham Number of $14.71. The current Graham Number is $14.71, which is 1888% above median its 10-year median of 0.74 and 1887.8% above the REITs industry median of 0.74. Orchid Island Capital's overall GF Score™ is 31/100 with 2 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 Orchid Island Capital (ORC), the current Graham Number is $14.71 as of Mar. 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.
Orchid Island Capital Inc is a specialty finance company that invests in residential mortgage-backed securities. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company's investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities, among other types of structured Agency RMBS.
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