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Greystone Logistics (Greystone Logistics) Graham Number

: $1.57 (As of Feb. 2024)
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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 (2024-04-24), the stock price of Greystone Logistics is $0.98. Greystone Logistics's graham number for the quarter that ended in Feb. 2024 was $1.57. Therefore, Greystone Logistics's Price to Graham Number ratio for today is 0.62.

The historical rank and industry rank for Greystone Logistics's Graham Number or its related term are showing as below:

GLGI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37   Med: 1.1   Max: 6
Current: 0.62

During the past 13 years, the highest Price to Graham Number ratio of Greystone Logistics was 6.00. The lowest was 0.37. And the median was 1.10.

GLGI's Price-to-Graham-Number is ranked better than
87.24% of 1152 companies
in the Chemicals industry
Industry Median: 1.38 vs GLGI: 0.62

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


Greystone Logistics Graham Number Historical Data

The historical data trend for Greystone Logistics'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.

Greystone Logistics Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.91 0.89 0.70 1.71

Greystone Logistics Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Graham Number Get a 7-Day Free Trial 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 1.55 1.70 1.88 2.09 1.57

Competitive Comparison

For the Specialty Chemicals subindustry, Greystone Logistics'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.


Greystone Logistics Price-to-Graham-Number Distribution

For the Chemicals industry and Basic Materials sector, Greystone Logistics's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Greystone Logistics's Price-to-Graham-Number falls into.



Greystone Logistics Graham Number Calculation

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

Greystone Logistics's Graham Number for the fiscal year that ended in May. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.691*0.187)
=1.71

Greystone Logistics's Graham Number for the quarter that ended in Feb. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.782*0.14)
=1.57

* 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.


Greystone Logistics  (OTCPK:GLGI) 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.

Greystone Logistics's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2024 )
=0.98/1.57
=0.62

* 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.


Greystone Logistics Graham Number Related Terms

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


Greystone Logistics (Greystone Logistics) Business Description

Traded in Other Exchanges
N/A
Address
1613 East 15th Street, Tulsa, OK, USA, 74120
Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.
Executives
Drew T. Lockard director 4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger officer: President 1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre director 7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal officer: Chief Financial Officer 1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger 10 percent owner 1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore director, officer: President & CEO 1613 E 15 ST, TULSA OK 74120
Glog Investment Llc director, 10 percent owner 1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson officer: CFO & COO 1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan director 767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr director 3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc 10 percent owner
Westgate Investments L P 10 percent owner 1613 EAST 15TH STREET, TULSA OK 74120