Hydroelectricity Investment and Development Company (XNEP:HIDCL) Graham Number : NPR124.15 (As of Apr. 2024)

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What is Hydroelectricity Investment and Development Company Graham Number?

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 (2024-06-20), the stock price of Hydroelectricity Investment and Development Company is NPR162.00. Hydroelectricity Investment and Development Company's graham number for the quarter that ended in Apr. 2024 was NPR124.15. Therefore, Hydroelectricity Investment and Development Company's Price to Graham Number ratio for today is 1.30.

The historical rank and industry rank for Hydroelectricity Investment and Development Company's Graham Number or its related term are showing as below:

XNEP:HIDCL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 1.34 Max: 4.1
Current: 1.3

During the past 9 years, the highest Price to Graham Number ratio of Hydroelectricity Investment and Development Company was 4.10. The lowest was 0.56. And the median was 1.34.

XNEP:HIDCL's Price-to-Graham-Number is ranked worse than
78.25% of 1140 companies
in the Asset Management industry
Industry Median: 0.75 vs XNEP:HIDCL: 1.30

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.

Hydroelectricity Investment and Development Company Graham Number Historical Data

The historical data trend for Hydroelectricity Investment and Development Company'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.

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Hydroelectricity Investment and Development Company Graham Number Chart

Hydroelectricity Investment and Development Company Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Graham Number

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144.72

112.49

100.54

104.96

122.90

Hydroelectricity Investment and Development Company Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Graham Number	Get a 7-Day Free Trial															108.77	128.96	129.52	109.79	124.15

Competitive Comparison of Hydroelectricity Investment and Development Company's Graham Number

For the Asset Management subindustry, Hydroelectricity Investment and Development Company'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.

Hydroelectricity Investment and Development Company's Price-to-Graham-Number Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hydroelectricity Investment and Development Company's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Hydroelectricity Investment and Development Company's Price-to-Graham-Number falls into.

Hydroelectricity Investment and Development Company Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Hydroelectricity Investment and Development Company's Graham Number for the fiscal year that ended in Jul. 2023 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI)
=	sqrt of (22.5	*	110.098	*	6.097)
=	122.90

Hydroelectricity Investment and Development Company's Graham Number for the quarter that ended in Apr. 2024 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI (TTM))
=	sqrt of (22.5	*	112.262	*	6.102)
=	124.15

Hydroelectricity Investment and Development Company (XNEP:HIDCL) 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.

Hydroelectricity Investment and Development Company's Price to Graham number Ratio for today is calculated as

Price to Graham number	=	Share Price (Today)	/	Graham number (Q: Apr. 2024 )
	=	162.00	/	124.15
	=	1.30

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.

Hydroelectricity Investment and Development Company Graham Number Related Terms

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Hydroelectricity Investment and Development Company (XNEP:HIDCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hydroelectricity Investment and Development Company Ltd (XNEP:HIDCL) » Definitions » Graham Number

Comparable Companies

Traded in Other Exchanges

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Address

4th Floor, Nagarik Lagani Kosh Bhawan, New Baneshwor, Kathmandu, NPL

Website

https://www.hidcl.org.np

Hydroelectricity Investment and Development Company Ltd mobilizes funds from domestic and international resource base to cater to the needs of investments in the middle to mega hydroelectricity generation, transmission, and distribution projects. The company operates and generates revenue within Nepal.

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