GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academy of Environmental Planning & Design Co Ltd Nanjing University (SZSE:300864) » Definitions » Graham Number

Academy of Environmental Planning & Design Co Nanjing University (SZSE:300864) Graham Number : ¥14.70 (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Academy of Environmental Planning & Design Co Nanjing University 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 Academy of Environmental Planning & Design Co Nanjing University is ¥22.36. Academy of Environmental Planning & Design Co Nanjing University's graham number for the quarter that ended in Sep. 2024 was ¥14.70. Therefore, Academy of Environmental Planning & Design Co Nanjing University's Price to Graham Number ratio for today is 1.52.

The historical rank and industry rank for Academy of Environmental Planning & Design Co Nanjing University's Graham Number or its related term are showing as below:

SZSE:300864' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.29   Med: 1.76   Max: 2.76
Current: 1.52

During the past 8 years, the highest Price to Graham Number ratio of Academy of Environmental Planning & Design Co Nanjing University was 2.76. The lowest was 1.29. And the median was 1.76.

SZSE:300864's Price-to-Graham-Number is ranked worse than
52.1% of 167 companies
in the Education industry
Industry Median: 1.4 vs SZSE:300864: 1.52

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


Academy of Environmental Planning & Design Co Nanjing University Graham Number Historical Data

The historical data trend for Academy of Environmental Planning & Design Co Nanjing University'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.

Academy of Environmental Planning & Design Co Nanjing University Graham Number Chart

Academy of Environmental Planning & Design Co Nanjing University Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Graham Number
Get a 7-Day Free Trial 5.89 11.58 9.25 10.91 12.38

Academy of Environmental Planning & Design Co Nanjing University Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13.23 13.89 13.57 14.31 14.70

Competitive Comparison of Academy of Environmental Planning & Design Co Nanjing University's Graham Number

For the Education & Training Services subindustry, Academy of Environmental Planning & Design Co Nanjing University'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.


Academy of Environmental Planning & Design Co Nanjing University's Price-to-Graham-Number Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Academy of Environmental Planning & Design Co Nanjing University's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Academy of Environmental Planning & Design Co Nanjing University's Price-to-Graham-Number falls into.



Academy of Environmental Planning & Design Co Nanjing University Graham Number Calculation

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

Academy of Environmental Planning & Design Co Nanjing University'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*8.018*0.85)
=12.38

Academy of Environmental Planning & Design Co Nanjing University's Graham Number for the quarter that ended in Sep. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*8.144*1.179)
=14.70

* 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.


Academy of Environmental Planning & Design Co Nanjing University  (SZSE:300864) 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.

Academy of Environmental Planning & Design Co Nanjing University's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2024 )
=22.36/14.70
=1.52

* 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.


Academy of Environmental Planning & Design Co Nanjing University Graham Number Related Terms

Thank you for viewing the detailed overview of Academy of Environmental Planning & Design Co Nanjing University's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.


Academy of Environmental Planning & Design Co Nanjing University Business Description

Traded in Other Exchanges
N/A
Address
22 Hankou Road, Yifu Management Science Building, Gulou District, Jiangsu Province, Nanjing, CHN, 211500
Academy of Environmental Planning & Design Co Ltd Nanjing University is engaged in environmental investigation and appraisal, environmental assessment of construction projects, environmental research and planning, environmental engineering design and supervision, environmental engineering contracting, and third-party treatment of environmental pollution. The company's services include advisory, planning, engineering technical, and training.

Academy of Environmental Planning & Design Co Nanjing University Headlines

No Headlines