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Sunright (SGX:S71) Graham Number : S$0.41 (As of Jan. 2025)


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What is Sunright 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 (2025-04-27), the stock price of Sunright is S$0.181. Sunright's graham number for the quarter that ended in Jan. 2025 was S$0.41. Therefore, Sunright's Price to Graham Number ratio for today is 0.44.

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

SGX:S71' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.32   Med: 0.74   Max: 1.5
Current: 0.44

During the past 13 years, the highest Price to Graham Number ratio of Sunright was 1.50. The lowest was 0.32. And the median was 0.74.

SGX:S71's Price-to-Graham-Number is ranked better than
95.85% of 650 companies
in the Semiconductors industry
Industry Median: 1.83 vs SGX:S71: 0.44

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


Sunright Graham Number Historical Data

The historical data trend for Sunright'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.

Sunright Graham Number Chart

Sunright Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.41 - - 0.49

Sunright Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 - - - 0.49 0.41

Competitive Comparison of Sunright's Graham Number

For the Semiconductors subindustry, Sunright'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.


Sunright's Price-to-Graham-Number Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunright's Price-to-Graham-Number distribution charts can be found below:

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


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Sunright Graham Number Calculation

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

Sunright's Graham Number for the fiscal year that ended in Jul. 2024 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.602*0.018)
=0.49

Sunright's Graham Number for the quarter that ended in Jan. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.583*0.013)
=0.41

* 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.


Sunright  (SGX:S71) 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.

Sunright's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2025 )
=0.181/0.41
=0.44

* 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.


Sunright Graham Number Related Terms

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Sunright Business Description

Traded in Other Exchanges
N/A
Address
Block 1093 Lower Delta Road, No. 02-01/08, Singapore, SGP, 169204
Sunright Ltd is an investment holding and management services company. It provides testing and burn-in of integrated circuits and electronic manufacturing services. It manufactures parallel test and burn-in systems and burn-in boards. The company business segments include Burn-in and testing segment and Others. The Burn-in and testing segment is in the business of burn-in and test related activities. The Others segment involves Group-level corporate services, treasury and investments functions, business of trading in and distribution of high-technology electronic products. The company operates in Singapore, Malaysia, China, Other Asian countries, and the United States of which Malaysia generates the maximum revenue.

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