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RQI (COHEN & STEERS QUALITYOME REALTY FUND) Graham Number : $15.11 (As of Jun. 2024)


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What is COHEN & STEERS QUALITYOME REALTY FUND Graham Number?

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 (2024-12-14), the stock price of COHEN & STEERS QUALITYOME REALTY FUND is $12.83. COHEN & STEERS QUALITYOME REALTY FUND's graham number for the quarter that ended in Jun. 2024 was $15.11. Therefore, COHEN & STEERS QUALITYOME REALTY FUND's Price to Graham Number ratio for today is 0.85.

The historical rank and industry rank for COHEN & STEERS QUALITYOME REALTY FUND's Graham Number or its related term are showing as below:

RQI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37   Med: 0.47   Max: 0.85
Current: 0.85

During the past 7 years, the highest Price to Graham Number ratio of COHEN & STEERS QUALITYOME REALTY FUND was 0.85. The lowest was 0.37. And the median was 0.47.

RQI's Price-to-Graham-Number is ranked worse than
63.02% of 1225 companies
in the Asset Management industry
Industry Median: 0.69 vs RQI: 0.85

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


COHEN & STEERS QUALITYOME REALTY FUND Graham Number Historical Data

The historical data trend for COHEN & STEERS QUALITYOME REALTY FUND'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.

* Premium members only.

COHEN & STEERS QUALITYOME REALTY FUND Graham Number Chart

COHEN & STEERS QUALITYOME REALTY FUND Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Graham Number
Get a 7-Day Free Trial 36.92 - 49.91 - 22.67

COHEN & STEERS QUALITYOME REALTY FUND Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - - - 22.67 15.11

Competitive Comparison of COHEN & STEERS QUALITYOME REALTY FUND's Graham Number

For the Asset Management subindustry, COHEN & STEERS QUALITYOME REALTY FUND'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.


COHEN & STEERS QUALITYOME REALTY FUND's Price-to-Graham-Number Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, COHEN & STEERS QUALITYOME REALTY FUND's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where COHEN & STEERS QUALITYOME REALTY FUND's Price-to-Graham-Number falls into.



COHEN & STEERS QUALITYOME REALTY FUND Graham Number Calculation

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

COHEN & STEERS QUALITYOME REALTY FUND'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*13.052*1.75)
=22.67

COHEN & STEERS QUALITYOME REALTY FUND's Graham Number for the quarter that ended in Jun. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*12.475*0.813)
=15.11

* 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.


COHEN & STEERS QUALITYOME REALTY FUND  (NYSE:RQI) 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.

COHEN & STEERS QUALITYOME REALTY FUND's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2024 )
=12.83/15.11
=0.85

* 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.


COHEN & STEERS QUALITYOME REALTY FUND Graham Number Related Terms

Thank you for viewing the detailed overview of COHEN & STEERS QUALITYOME REALTY FUND's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.


COHEN & STEERS QUALITYOME REALTY FUND Business Description

Traded in Other Exchanges
N/A
Address
1166 Avenue of the Americas, 30th Floor, New York, NY, USA, 10036
COHEN & STEERS QUALITY INCOME REALTY FUND INC is a diversified, closed-end management investment company. The primary investment objective of the Fund is high current income through investment in real estate securities. Its secondary objective is capital appreciation. The Fund invests at least its total assets in income-producing common stocks and other securities issued by real estate companies, such as real estate investment trusts under normal market conditions.
Executives
Mathew Kirschner other: Portfolio Manager 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ramona Lynn Rogers-windsor director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Dean Junkans director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Jane F. Magpiong director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Adam M Derechin director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Edward C Delk officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Robert Hamilton Steers director, officer: Chairman C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Christian Corkery officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr director C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Stephen Murphy officer: Deputy CCO 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jason Yablon officer: Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Bonnie Cohen director 1824 PHELPS PLACE, UNIT 1810, WASHINGTON DC 20008
Daphne L Richards director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017

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