Trean Insurance Group (Trean Insurance Group) Graham Number : $N/A (As of Dec. 2022)

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What is Trean Insurance Group 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 (2024-04-26), the stock price of Trean Insurance Group is $6.16. Trean Insurance Group's graham number for the quarter that ended in Dec. 2022 was $N/A. Therefore, Trean Insurance Group's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for Trean Insurance Group's Graham Number or its related term are showing as below:

TIG's Price-to-Graham-Number is not ranked ^*
in the Insurance industry.
Industry Median: 0.86
* Ranked among companies with meaningful Price-to-Graham-Number only.

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

Trean Insurance Group Graham Number Historical Data

The historical data trend for Trean Insurance Group'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.

Trean Insurance Group Graham Number Chart

Trean Insurance Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Graham Number

4.13

6.76

13.13

5.87

Trean Insurance Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Graham Number	Get a 7-Day Free Trial												5.80	6.19	6.59	6.62	-

Competitive Comparison of Trean Insurance Group's Graham Number

For the Insurance - Specialty subindustry, Trean Insurance Group'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.

Trean Insurance Group's Price-to-Graham-Number Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Trean Insurance Group's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Trean Insurance Group's Price-to-Graham-Number falls into.

Trean Insurance Group Graham Number Calculation

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

Trean Insurance Group's Graham Number for the fiscal year that ended in Dec. 2022 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI)
=	sqrt of (22.5	*	3.545	*	-1.29)
=	N/A

Trean Insurance Group's Graham Number for the quarter that ended in Dec. 2022 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI (TTM))
=	sqrt of (22.5	*	3.545	*	-1.28)
=	N/A

Trean Insurance Group (NAS:TIG) 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.

Trean Insurance Group's Price to Graham number Ratio for today is calculated as

Price to Graham number	=	Share Price (Today)	/	Graham number (Q: Dec. 2022 )
	=	6.16	/	N/A
	=	N/A

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.

Trean Insurance Group Graham Number Related Terms

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

Trean Insurance Group (Trean Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Trean Insurance Group Inc (NAS:TIG) » Definitions » Graham Number

Comparable Companies

TIPT ITIC AMBC FACO ICCH PPHI MMMM MBI HIPO AMSF FNF AIZ FAF SAU:8210 ESNT MTG RYAN ACT AGO RDN

Traded in Other Exchanges

N/A

Address

150 Lake Street West, Wayzata, MN, USA, 55391

Website

https://www.trean.com

Trean Insurance Group Inc is engaged in providing products and services to the specialty insurance market. It underwrites specialty casualty insurance products both through Program Partners and Owned Managing General Agents (MGAs). It also offers Program Partners with a variety of services including issuing carrier services, claims administration and reinsurance brokerage, from which it generates recurring fee-based revenues. The company's insurance product offerings include workers' compensation, other liability, accident and health, and other lines of business.

Executives

Daniel Tully	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Ahp Iii Gp, L.p.	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Ahp-bhc Llc	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Acp-th Llc	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Ahp-th Llc	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Ahp Constellation Gp, L.p.	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Acp-bhc Llc	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Altaris Partners, Llc	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Altaris Health Partners Iii, L.p.	director, 10 percent owner	600 LEXINGTON AVENUE, 11TH FLOOR, NEW YORK NY 10022
Altaris Constellation Partners, L.p.	director, 10 percent owner	600 LEXINGTON AVENUE, 11TH FLOOR, NEW YORK NY 10022
George Aitken-davies	director, 10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Steven B. Lee	director	C/O TREAN INSURANCE GROUP, INC., 150 LAKE STREET WEST, WAYZATA MN 55391
Patricia A. Ryan	officer: General Counsel	150 LAKE STREET WEST, WAYZATA MN 55391
Philip Irving Smith	director	4503 BROWNDALE AVENUE, EDINA MN 55424
Julie A. Baron	officer: See Remarks	C/O TREAN INSURANCE GROUP, INC., 150 LAKE STREET WEST, WAYZATA MN 55391