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Bassett Furniture Industries Graham Number

: $29.78 (As of May. 2022)
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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 (2022-08-10), the stock price of Bassett Furniture Industries is $20.53. Bassett Furniture Industries's graham number for the quarter that ended in May. 2022 was $29.78. Therefore, Bassett Furniture Industries's Price to Graham Number ratio for today is 0.69.

The historical rank and industry rank for Bassett Furniture Industries's Graham Number or its related term are showing as below:

BSET' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.19   Med: 1.08   Max: 2.5
Current: 0.69

During the past 13 years, the highest Price to Graham Number ratio of Bassett Furniture Industries was 2.50. The lowest was 0.19. And the median was 1.08.

BSET's Price-to-Graham-Number is ranked better than
73.4% of 297 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.23 vs BSET: 0.69

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


Bassett Furniture Industries Graham Number Historical Data

The historical data trend for Bassett Furniture Industries'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.

* Premium members only.

Bassett Furniture Industries Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Graham Number
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.90 16.32 - - 24.23

Bassett Furniture Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Graham Number Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.37 24.02 23.42 25.02 29.78

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture Industries's Graham Number, along with its competitors' market caps and 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.

   

Bassett Furniture Industries Graham Number Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bassett Furniture Industries's Graham Number distribution charts can be found below:

* The bar in red indicates where Bassett Furniture Industries's Graham Number falls into.



Bassett Furniture Industries Graham Number Calculation

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

Bassett Furniture Industries's Graham Number for the fiscal year that ended in Nov. 2021 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*14.258*1.83)
=24.23

Bassett Furniture Industries's Graham Number for the quarter that ended in May. 2022 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*18.947*2.08)
=29.78

* 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.


Bassett Furniture Industries  (NAS:BSET) 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.

Bassett Furniture Industries's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: May. 2022 )
=20.53/29.78
=0.69

* 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.


Bassett Furniture Industries Graham Number Related Terms

Thank you for viewing the detailed overview of Bassett Furniture Industries's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.


Bassett Furniture Industries Business Description

Bassett Furniture Industries logo
Traded in Other Exchanges
N/A
Address
3525 Fairystone Park Highway, P.O. Box 626, Bassett, VA, USA, 24055
Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores. The Logistical Services segment offers shipping, delivery, and warehousing services.
Executives
Battle Emma S. director 101 NORTH CHERRY STREET, SUITE 501 WINSTON SALEM NC 27101
Lucas Stefanie Jane officer: SVP, Chief Merchandising Offic P.O. BOX 626 BASSETT VA 24055
Kelchner-strong Kara Ann officer: SVP, Customer Experience Offic P.O. BOX 626 BASSETT VA 24055
Hamlet Virginia W. director P.O. BOX 626 BASSETT VA 24055
Belk John R director BELK INC 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500
Baker David C officer: SVP, Corporate Retail 1012 SHERATON COURT MARTINSVILLE VA 24112
Hawn Jack Leroy Jr officer: Pres. of Zenith Freight Lines 1123 4TH STREET SW CONOVER NC 28613
Cohenour Bruce officer: SR VP/SALES & MERCHANDISING HOOKER FURNITURE CORPORATION 440 EAST COMMONWEALTH BLVD MARTINSVILLE VA 24112
Mcdowell John Walter director 2826 LAZY LANE WINSTON SALEM NC 27106
Daniel John Michael officer: V P, Chief Accounting Officer P O BOX 626 3525 FAIRYSTONE PARK HWY BASSETT VA 24055
Cashman Kristina K director
Camp Jason officer: Senior VP, Retail C/O RESTORATION HARDWARE, INC. 15 KOCH ROAD, SUITE J CORTE MADERA CA 94925
Pond Dale director
Stonecipher David A director BASSETT FURNITURE INDUSTRIES INC PO BOX 626 BASSETT VA 24055
Haworth Howard H director BASSETT FURNITURE INDUSTRIES INC P O BOX 626 BASSETT VA 24055

Bassett Furniture Industries Headlines

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