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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.
As of today (2026-09-04), the stock price of Trinity Capital is $18.35. Trinity Capital's graham number for the quarter that ended in Jun. 2026 was $23.03. Therefore, Trinity Capital's Price to Graham Number ratio for today is 0.80.
The historical rank and industry rank for Trinity Capital's Graham Number or its related term are showing as below:
TRIN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.6 Max: 0.92
Current: 0.8
During the past 7 years, the highest Price to Graham Number ratio of Trinity Capital was 0.92. The lowest was 0.42. And the median was 0.60.
TRIN's Price-to-Graham-Number is ranked worse than 59.95% of 1156
companies
in the Asset Management industry
Industry Median: 0.69
vs TRIN: 0.80
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Trinity Capital (NYSE:TRIN) 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.
Trinity Capital's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
18.35
/
23.03
=
0.80
* 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.
Trinity Capital Graham Number Related Terms
Trinity Capital Graham Number Historical Data
* Premium members only.
The historical data trend for Trinity Capital'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 Asset Management subindustry, Trinity Capital'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.
Trinity Capital Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trinity Capital's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Trinity Capital'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.
Trinity Capital (TRIN) has a Graham Number of $23.03 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Trinity Capital and its competitors. According to the industry distribution chart, Trinity Capital ranks #693 out of 1156 companies in the Asset Management industry, placing it in the top 59.9%.
Is Trinity Capital's Graham Number too high?
Trinity Capital's current Graham Number is $23.03. The Asset Management industry median Graham Number is 0.69. Trinity Capital's value of $23.03 is 3237.7% above this industry median. Based on the distribution chart, Trinity Capital ranks #693 out of 1156 companies in the Asset Management industry, which is below the industry midpoint. Overall, Trinity Capital has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trinity Capital's Graham Number compare to GAB and BST?
According to the Asset Management industry distribution chart, Trinity Capital ranks #693 out of 1156 companies for Graham Number. This places Trinity Capital in the lower half of its industry. The industry median Graham Number is 0.69. Trinity Capital's value of $23.03 is 3237.7% 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 an Asset Management company?
The median Graham Number among Asset Management companies is 0.69, based on 1,156 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. Trinity Capital's current Graham Number of $23.03 is 3237.7% 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 Trinity Capital and its competitors. For the Asset Management industry, the median Graham Number is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Capital's current Graham Number is $23.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Capital stock overvalued right now?
Based on GuruFocus' analysis, Trinity Capital (TRIN) is currently considered Fairly Valued. The stock's GF Value™ is $16.78, compared to a current price of $18.35 — trading 9.4% above its estimated fair value. The current Graham Number is $23.03 and 3237.7% above the Asset Management industry median of 0.69. Trinity Capital's overall GF Score™ is 75/100 with 14 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 Trinity Capital (TRIN), the current Graham Number is $23.03 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 Trinity Capital (TRIN) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Capital stock appears to be overvalued.
The current stock price of $18.35 is trading 9.4% above its estimated GF Value™ of $16.78.
GuruFocus considers Trinity Capital to be Fairly Valued.
Key valuation signals for TRIN:
Graham Number: $23.03
GF Value™: $16.78 vs. price of $18.35 (9.4% above fair value)
Industry Position: 3237.7% above the Asset Management median (#693 of 1156)
No single metric tells the full story. See the TRIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Capital Inc is an internally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and, to a lesser extent, capital appreciation through investments across five distinct vertical markets. The company is focused on achieving its investment objective by operating as a specialty lending company that provides debt, including loans, equipment financings, and asset-based lending, to growth-oriented companies, including institutional investor-backed companies. Its investment portfolio mainly comprises private companies that have begun to have success selling their products to the market and need additional capital to expand their operations and sales.
75GF Score
Get the complete analysis for TRIN
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