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Palmer Square Capital BDCPSBD +1.46%12 Graham Number is $N/A as of Mar. 2026. GuruFocus rates PSBD with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 1,175 Asset Management companies, Palmer Square Capital BDC ranks worse than 85106.3% 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 Palmer Square Capital BDC's Graham Number or its related term are showing as below:
During the past 6 years, the highest Price to Graham Number ratio of Palmer Square Capital BDC was 1.02. The lowest was 0.46. And the median was 0.65.
PSBD's Price-to-Graham-Number is not ranked *
in the Asset Management industry.
Industry Median: 0.7 * 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.
Palmer Square Capital BDC (NYSE:PSBD) 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.
Palmer Square Capital BDC's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
10.055
/
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.
Palmer Square Capital BDC Graham Number Related Terms
Palmer Square Capital BDC 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.
For the Asset Management subindustry, Palmer Square Capital BDC'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.
Palmer Square Capital BDC Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Palmer Square Capital BDC's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Palmer Square Capital BDC'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.
Palmer Square Capital BDC (PSBD) has a Graham Number of $N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Palmer Square Capital BDC and its competitors. Over the past decade, Palmer Square Capital BDC's Graham Number has ranged from 0.46 to 1.02. According to the industry distribution chart, Palmer Square Capital BDC ranks #999999 out of 1175 companies in the Asset Management industry.
Is Palmer Square Capital BDC's Graham Number too high?
Palmer Square Capital BDC's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.02. Based on the distribution chart, Palmer Square Capital BDC ranks #999999 out of 1175 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Palmer Square Capital BDC has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Palmer Square Capital BDC's Graham Number compare to ARDC and CION?
According to the Asset Management industry distribution chart, Palmer Square Capital BDC ranks #999999 out of 1175 companies for Graham Number. This places Palmer Square Capital BDC in the lower half of its industry. The industry median Graham Number is 0.70. Historically, Palmer Square Capital BDC's own Graham Number has ranged from 0.46 to 1.02 over the past decade. 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 0.70, based on 1,175 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 Palmer Square Capital BDC and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Palmer Square Capital BDC'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 Palmer Square Capital BDC stock overvalued right now?
Palmer Square Capital BDC (PSBD) has a current Graham Number of $N/A. The current Graham Number is $N/A. Palmer Square Capital BDC's overall GF Score™ is 12/100 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 Palmer Square Capital BDC (PSBD), the current Graham Number is $N/A 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.
Palmer Square Capital BDC Inc is a financial services company that lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. Their investment objective is to maximize total return, comprised of current income and capital appreciation.
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