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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.
The historical rank and industry rank for Turkiye Vakiflar Bankasi TAO's Graham Number or its related term are showing as below:
TKYVY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.15 Med: 0.32 Max: 0.49
Current: 0.49
During the past 13 years, the highest Price to Graham Number ratio of Turkiye Vakiflar Bankasi TAO was 0.49. The lowest was 0.15. And the median was 0.32.
TKYVY's Price-to-Graham-Number is ranked better than 87.6% of 1419
companies
in the Banks industry
Industry Median: 0.81
vs TKYVY: 0.49
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Turkiye Vakiflar Bankasi TAO (OTCPK:TKYVY) 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.
Turkiye Vakiflar Bankasi TAO's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
6.75
/
18.22
=
0.37
* 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.
Turkiye Vakiflar Bankasi TAO Graham Number Related Terms
Turkiye Vakiflar Bankasi TAO 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.
Turkiye Vakiflar Bankasi TAO Graham Number Competitor Comparison
For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.
Turkiye Vakiflar Bankasi TAO Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Turkiye Vakiflar Bankasi TAO'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.
Turkiye Vakiflar Bankasi TAO (TKYVY) has a Graham Number of $18.22 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Turkiye Vakiflar Bankasi TAO and its competitors. According to the industry distribution chart, Turkiye Vakiflar Bankasi TAO ranks #176 out of 1419 companies in the Banks industry, placing it in the top 12.4%.
Is Turkiye Vakiflar Bankasi TAO's Graham Number too high?
Turkiye Vakiflar Bankasi TAO's current Graham Number is $18.22. The Banks industry median Graham Number is 0.81. Turkiye Vakiflar Bankasi TAO's value of $18.22 is 2149.4% above this industry median. Based on the distribution chart, Turkiye Vakiflar Bankasi TAO ranks #176 out of 1419 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Turkiye Vakiflar Bankasi TAO has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Vakiflar Bankasi TAO's Graham Number compare to competitors?
According to the Banks industry distribution chart, Turkiye Vakiflar Bankasi TAO ranks #176 out of 1419 companies for Graham Number. This places Turkiye Vakiflar Bankasi TAO in the top 12% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.81. Turkiye Vakiflar Bankasi TAO's value of $18.22 is 2149.4% above this benchmark. 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,419 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. Turkiye Vakiflar Bankasi TAO's current Graham Number of $18.22 is 2149.4% 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 Turkiye Vakiflar Bankasi TAO and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Vakiflar Bankasi TAO's current Graham Number is $18.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Vakiflar Bankasi TAO stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO (TKYVY) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.48, compared to a current price of $6.75 — trading 9.8% below its estimated fair value. The current Graham Number is $18.22 and 2149.4% above the Banks industry median of 0.81. Turkiye Vakiflar Bankasi TAO's overall GF Score™ is 86/100 with 5 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 Turkiye Vakiflar Bankasi TAO (TKYVY), the current Graham Number is $18.22 as of Jun. 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 Turkiye Vakiflar Bankasi TAO (TKYVY) Overvalued in 2026?
Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO stock appears to be undervalued.
The current stock price of $6.75 is trading 9.8% below its estimated GF Value™ of $7.48.
GuruFocus considers Turkiye Vakiflar Bankasi TAO to be Modestly Undervalued.
Key valuation signals for TKYVY:
Graham Number: $18.22
GF Value™: $7.48 vs. price of $6.75 (9.8% below fair value)
Industry Position: 2149.4% above the Banks median (#176 of 1419)
No single metric tells the full story. See the TKYVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, and financial leasing, as well as factoring, among other activities.
86GF Score
Get the complete analysis for TKYVY
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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