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Grandsouth Bancorpation (Grandsouth Bancorpation) Graham Number : $35.05 (As of Sep. 2022)


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What is Grandsouth Bancorpation 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 (2024-04-27), the stock price of Grandsouth Bancorpation is $39.05. Grandsouth Bancorpation's graham number for the quarter that ended in Sep. 2022 was $35.05. Therefore, Grandsouth Bancorpation's Price to Graham Number ratio for today is 1.11.

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

GRRB' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37   Med: 1.02   Max: 2.4
Current: 1.11

During the past 13 years, the highest Price to Graham Number ratio of Grandsouth Bancorpation was 2.40. The lowest was 0.37. And the median was 1.02.

GRRB's Price-to-Graham-Number is not ranked
in the Banks industry.
Industry Median: 0.625 vs GRRB: 1.11

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


Grandsouth Bancorpation Graham Number Historical Data

The historical data trend for Grandsouth Bancorpation'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.

Grandsouth Bancorpation Graham Number Chart

Grandsouth Bancorpation Annual Data
Trend Dec08 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.23 18.72 22.12 23.82 34.81

Grandsouth Bancorpation Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 32.45 34.81 34.95 34.50 35.05

Competitive Comparison of Grandsouth Bancorpation's Graham Number

For the Banks - Regional subindustry, Grandsouth Bancorpation'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.


Grandsouth Bancorpation's Price-to-Graham-Number Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Grandsouth Bancorpation's Price-to-Graham-Number distribution charts can be found below:

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



Grandsouth Bancorpation Graham Number Calculation

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

Grandsouth Bancorpation's Graham Number for the fiscal year that ended in Dec. 2021 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*18.703*2.88)
=34.81

Grandsouth Bancorpation's Graham Number for the quarter that ended in Sep. 2022 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*18.327*2.98)
=35.05

* 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.


Grandsouth Bancorpation  (OTCPK:GRRB) 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.

Grandsouth Bancorpation's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2022 )
=39.05/35.05
=1.11

* 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.


Grandsouth Bancorpation Graham Number Related Terms

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Grandsouth Bancorpation (Grandsouth Bancorpation) Business Description

Traded in Other Exchanges
N/A
Address
381 Halton Road, P.O. Box 6548, Greenville, SC, USA, 29607
Grandsouth Bancorpation is a bank holding company for the GrandSouth Bank. The bank provides full banking services to its customers including personal banking, business banking, and lending services. It operates in two reportable segments, The Core Bank segment consists of commercial and consumer lending and full-service branches in its geographic region with its own management team. The branches provide a full range of traditional banking products as well as treasury services and merchant services. The CarBucks segment consists of specialty floor plan inventory financing for small automobile dealers.
Executives
Howard Samuel Hunter Jr director 381 HALTON ROAD, GREENVILLE SC 29607
Gross Baety O Jr director 381 HALTON RD., GREENVILLE SC 29607
Harold E Garrett director 381 HALTON ROAD, GREENVILLE SC 29607
Shealy John W Jr director 381 HALTON ROAD, GREENVILLE SC 29607
James B Schwiers director, officer: President & COO 381 HALTON RD., GREENVILLE SC 29607
John Garrett director, officer: CFO 1600 WYNKOOP SUITE 300, DENVER CO 80202
Leeann Weber director 381 HALTON ROAD, GREENVILLE SC 29607
Anthony P Morgan director 381 HALTON ROAD, GREENVILLE SC 29607
Rast Edward M Jr director 381 HALTON ROAD, GREENVILLE SC 29607
Pruitt James Calhoun Jr. director 381 HALTON ROAD, GREENVILLE SC 29607
Mason Y Garrett director, 10 percent owner, officer: Chairman and CEO 381 HALTON ROAD, GREENVILLE SC 29606
J Randolph Potter director 381 HALTON RD., GREENVILLE SC 29607
Ronald K Earnest director, officer: President and COO 802 SOUTH ALMOND STREET, SIMPSONVILLE SC 29681
Phillips Samuel Blanton Iii director 204 BRUCE MEADOW ROAD, SIMPSONVILLE SC 29681
Michael L Gault director 381 HALTON RD., GREENVILLE SC 29607