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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.
TVLF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33 Med: 0.4 Max: 0.61
Current: 0.61
During the past 7 years, the highest Price to Graham Number ratio of Tennessee Valley Financial Holdings was 0.61. The lowest was 0.33. And the median was 0.40.
TVLF's Price-to-Graham-Number is ranked better than 75.89% of 1431
companies
in the Banks industry
Industry Median: 0.81
vs TVLF: 0.61
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tennessee Valley Financial Holdings (OTCPK:TVLF) 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.
Tennessee Valley Financial Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
12.45
/
20.34
=
0.61
* 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.
Tennessee Valley Financial Holdings Graham Number Related Terms
Tennessee Valley Financial Holdings 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.
Tennessee Valley Financial Holdings Graham Number Chart
TVLF vs UNTN, TDCB, CIBN: Graham Number Comparison
For the Banks - Regional subindustry, Tennessee Valley Financial Holdings'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.
Tennessee Valley Financial Holdings Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Tennessee Valley Financial Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tennessee Valley Financial Holdings'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.
Tennessee Valley Financial Holdings (TVLF) has a Graham Number of $20.34 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tennessee Valley Financial Holdings and its competitors. This is 4985% above median its historical median of 0.40. Over the past decade, Tennessee Valley Financial Holdings' Graham Number has ranged from 0.33 to 0.61. According to the industry distribution chart, Tennessee Valley Financial Holdings ranks #345 out of 1431 companies in the Banks industry, placing it in the top 24.1%.
Is Tennessee Valley Financial Holdings' Graham Number too high?
Tennessee Valley Financial Holdings' current Graham Number of $20.34 is 4985% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.61. The Banks industry median Graham Number is 0.81. Tennessee Valley Financial Holdings' value of $20.34 is 2411.1% above this industry median. Based on the distribution chart, Tennessee Valley Financial Holdings ranks #345 out of 1431 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Tennessee Valley Financial Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tennessee Valley Financial Holdings' Graham Number compare to UNTN and TDCB?
According to the Banks industry distribution chart, Tennessee Valley Financial Holdings ranks #345 out of 1431 companies for Graham Number. This places Tennessee Valley Financial Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.81. Tennessee Valley Financial Holdings' value of $20.34 is 2411.1% above this benchmark. Historically, Tennessee Valley Financial Holdings' own Graham Number has ranged from 0.33 to 0.61 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.81, Tennessee Valley Financial Holdings 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,431 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. Tennessee Valley Financial Holdings's current Graham Number of $20.34 is 2411.1% 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 Tennessee Valley Financial Holdings 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. Tennessee Valley Financial Holdings's current Graham Number is $20.34, which is 4985% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tennessee Valley Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tennessee Valley Financial Holdings (TVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.20, compared to a current price of $12.45 — trading 72.9% above its estimated fair value. The current Graham Number is $20.34, which is 4985% above median its 10-year median of 0.40 and 2411.1% above the Banks industry median of 0.81. Tennessee Valley Financial Holdings' overall GF Score™ is 56/100 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 Tennessee Valley Financial Holdings (TVLF), the current Graham Number is $20.34 as of Dec. 2025. 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 Tennessee Valley Financial Holdings (TVLF) Overvalued in 2026?
Based on GuruFocus' analysis, Tennessee Valley Financial Holdings stock appears to be overvalued.
The current stock price of $12.45 is trading 72.9% above its estimated GF Value™ of $7.20.
GuruFocus considers Tennessee Valley Financial Holdings to be Significantly Overvalued.
Key valuation signals for TVLF:
Graham Number: $20.34 (4985% above median its 10-year median of 0.40)
GF Value™: $7.20 vs. price of $12.45 (72.9% above fair value)
Industry Position: 2411.1% above the Banks median (#345 of 1431)
No single metric tells the full story. See the TVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tennessee Valley Financial Holdings Inc is a bank holding company. It provides a variety of financial services to individuals and corporate customers at its offices in Oak Ridge, Knoxville and Maryville, Tennessee. The bank's deposit products are interest-bearing demand deposits and certificates of deposit. Its lending products are commercial, residential, and consumer loans. Its loan portfolio includes Speculative Residential Real Estate, Commercial Real Estate, Residential Real Estate, Home Equity, Commercial, and Consumer.
56GF Score
Get the complete analysis for TVLF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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