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Thanachart Capital PCLTHNVF 64 Graham Number is $3.55 as of Mar. 2026, which is 570% above its 10-year median of 0.53. GuruFocus rates THNVF with a GF Score™ of 64/100 and a GF Value™ of $0.78. The stock has 7 warning signs investors should review. Among 403 Credit Services companies, Thanachart Capital PCL ranks better than 63.52% 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.
Thanachart Capital PCL (OTCPK:THNVF) 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.
Thanachart Capital PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1.08
/
3.55
=
0.30
* 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.
Thanachart Capital PCL Graham Number Related Terms
Thanachart Capital PCL 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 Credit Services subindustry, Thanachart Capital 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.
Thanachart Capital PCL Price-to-Graham-Number vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Thanachart Capital PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Thanachart Capital 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.
Thanachart Capital PCL (THNVF) has a Graham Number of $3.55 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Thanachart Capital PCL and its competitors. This is 570% above median its historical median of 0.53. Over the past decade, Thanachart Capital PCL's Graham Number has ranged from 0.33 to 0.83. According to the industry distribution chart, Thanachart Capital PCL ranks #147 out of 403 companies in the Credit Services industry, placing it in the top 36.5%.
Is Thanachart Capital PCL's Graham Number too high?
Thanachart Capital PCL's current Graham Number of $3.55 is 570% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.83. The Credit Services industry median Graham Number is 0.83. Thanachart Capital PCL's value of $3.55 is 327.7% above this industry median. Based on the distribution chart, Thanachart Capital PCL ranks #147 out of 403 companies in the Credit Services industry, which is above the industry midpoint. Overall, Thanachart Capital PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Graham Number compare to V and MA?
According to the Credit Services industry distribution chart, Thanachart Capital PCL ranks #147 out of 403 companies for Graham Number. This puts Thanachart Capital PCL in the upper half of its industry. The industry median Graham Number is 0.83. Thanachart Capital PCL's value of $3.55 is 327.7% above this benchmark. Historically, Thanachart Capital PCL's own Graham Number has ranged from 0.33 to 0.83 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.83, Thanachart Capital PCL has consistently been above the industry average. 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 Credit Services company?
The median Graham Number among Credit Services companies is 0.83, based on 403 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. Thanachart Capital PCL's current Graham Number of $3.55 is 327.7% above the industry median. 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 Thanachart Capital PCL and its competitors. For the Credit Services industry, the median Graham Number is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanachart Capital PCL's current Graham Number is $3.55, which is 570% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Thanachart Capital PCL (THNVF) has a current Graham Number of $3.55. The stock's GF Value™ is $0.78, compared to a current price of $1.08 — trading 38.5% above its estimated fair value. The current Graham Number is $3.55, which is 570% above median its 10-year median of 0.53 and 327.7% above the Credit Services industry median of 0.83. Thanachart Capital PCL's overall GF Score™ is 64/100 with 7 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 Thanachart Capital PCL (THNVF), the current Graham Number is $3.55 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 Thanachart Capital PCL (THNVF) Overvalued in 2026?
Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued.
The current stock price of $1.08 is trading 38.5% above its estimated GF Value™ of $0.78.
Key valuation signals for THNVF:
Graham Number: $3.55 (570% above median its 10-year median of 0.53)
GF Value™: $0.78 vs. price of $1.08 (38.5% above fair value)
Industry Position: 327.7% above the Credit Services median (#147 of 403)
No single metric tells the full story. See the THNVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
64GF Score
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