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Nuveen Floating Rateome Fund Graham Number

: $13.91 (As of Jan. 2020)
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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 (2020-09-27), the stock price of Nuveen Floating Rateome Fund is $8.26. Nuveen Floating Rateome Fund's graham number for the quarter that ended in Jan. 2020 was $13.91. Therefore, Nuveen Floating Rateome Fund's Price to Graham Number ratio for today is 0.59.

NYSE:JFR' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59   Med: 1.1   Max: 2.19
Current: 0.59

0.59
2.19

During the past 3 years, the highest Price to Graham Number ratio of Nuveen Floating Rateome Fund was 2.19. The lowest was 0.59. And the median was 1.10.

NYSE:JFR's Price-to-Graham-Number is ranked higher than
71% of the 768 Companies
in the Asset Management industry.

( Industry Median: 0.90 vs. NYSE:JFR: 0.59 )

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


Nuveen Floating Rateome Fund Graham Number Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nuveen Floating Rateome Fund Annual Data
Jul17 Jul18 Jul19
Graham Number 17.74 12.06 7.39

Nuveen Floating Rateome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20
Graham Number Premium Member Only 0.00 12.06 4.43 7.31 13.91

Competitive Comparison
* 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.


Nuveen Floating Rateome Fund Graham Number Distribution

* The bar in red indicates where Nuveen Floating Rateome Fund's Graham Number falls into.



Nuveen Floating Rateome Fund Graham Number Calculation

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

Nuveen Floating Rateome Fund's Graham Number for the fiscal year that ended in Jul. 2019 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*11.037*0.22)
=7.39

Nuveen Floating Rateome Fund's Graham Number for the quarter that ended in Jan. 2020 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*10.956*0.785007)
=13.91

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Nuveen Floating Rateome Fund  (NYSE:JFR) 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.

Nuveen Floating Rateome Fund's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2020 )
=8.26/13.91
=0.59

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Nuveen Floating Rateome Fund Graham Number Related Terms


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