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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
True PCLTCPFF 34 Graham Number is $N/A as of Mar. 2026. GuruFocus rates TCPFF with a GF Score™ of 34/100 and a GF Value™ of $0.26 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 193 Telecommunication Services companies, True PCL ranks worse than 518134.2% 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.
As of today (2026-08-01), the stock price of True PCL is $0.30. True PCL's graham number for the quarter that ended in Mar. 2026 was $N/A. Therefore, True PCL's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for True PCL's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of True PCL was 27.06. The lowest was 4.17. And the median was 13.78.
TCPFF's Price-to-Graham-Number is not ranked *
in the Telecommunication Services industry.
Industry Median: 1.58 * 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.
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.
True PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.30
/
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.
True PCL Graham Number Related Terms
True PCL Graham Number Historical Data
* Premium members only.
The historical data trend for True PCL'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 Telecom Services subindustry, True PCL'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.
True PCL Price-to-Graham-Number vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, True PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where True PCL'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.
True PCL (TCPFF) 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 True PCL and its competitors. Over the past decade, True PCL's Graham Number has ranged from 4.17 to 27.06. According to the industry distribution chart, True PCL ranks #999999 out of 193 companies in the Telecommunication Services industry.
Is True PCL's Graham Number too high?
True PCL's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 4.17 to a high of 27.06. Based on the distribution chart, True PCL ranks #999999 out of 193 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, True PCL has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True PCL's Graham Number compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, True PCL ranks #999999 out of 193 companies for Graham Number. This places True PCL in the lower half of its industry. The industry median Graham Number is 1.58. Historically, True PCL's own Graham Number has ranged from 4.17 to 27.06 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 a Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.58, based on 193 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 True PCL and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True PCL'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 True PCL stock overvalued right now?
Based on GuruFocus' analysis, True PCL (TCPFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.30 — trading 15.4% above its estimated fair value. The current Graham Number is $N/A. True PCL's overall GF Score™ is 34/100 with 8 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 True PCL (TCPFF), 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.
Is True PCL (TCPFF) Overvalued in 2026?
Based on GuruFocus' analysis, True PCL stock appears to be overvalued.
The current stock price of $0.30 is trading 15.4% above its estimated GF Value™ of $0.26.
GuruFocus considers True PCL to be Modestly Overvalued.
Key valuation signals for TCPFF:
Graham Number: $N/A
GF Value™: $0.26 vs. price of $0.30 (15.4% above fair value)
No single metric tells the full story. See the TCPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
34GF Score
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