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Scientific Learning (Scientific Learning) Graham Number : $N/A (As of Jun. 2017)


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What is Scientific Learning 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 (2024-05-04), the stock price of Scientific Learning is $0.21. Scientific Learning's graham number for the quarter that ended in Jun. 2017 was $N/A. Therefore, Scientific Learning's Price to Graham Number ratio for today is N/A.

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

SCIL's Price-to-Graham-Number is not ranked *
in the Education industry.
Industry Median: 1.395
* 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.


Scientific Learning Graham Number Historical Data

The historical data trend for Scientific Learning'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.

Scientific Learning Graham Number Chart

Scientific Learning Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Scientific Learning Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 - - - - -

Competitive Comparison of Scientific Learning's Graham Number

For the Education & Training Services subindustry, Scientific Learning'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.


Scientific Learning's Price-to-Graham-Number Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Scientific Learning's Price-to-Graham-Number distribution charts can be found below:

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



Scientific Learning Graham Number Calculation

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

Scientific Learning's Graham Number for the fiscal year that ended in Dec. 2016 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*-0.396*-0.06)
=N/A

Scientific Learning's Graham Number for the quarter that ended in Jun. 2017 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*-0.388*-0.01)
=N/A

* 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.


Scientific Learning  (OTCPK:SCIL) 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.

Scientific Learning's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2017 )
=0.21/N/A
=N/A

* 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.


Scientific Learning Graham Number Related Terms

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


Scientific Learning (Scientific Learning) Business Description

Traded in Other Exchanges
N/A
Address
1956 Webster Street, Suite 200, Oakland, CA, USA, 94612-2943
Scientific Learning Corp is an education company. It develops, distributes and licenses technology that accelerates learning by improving the processing efficiency of the brain. The company's patented products build learning capacity by rigorously and systematically applying neuroscience-based learning principles to improve the fundamental cognitive skills required to read and learn. The company offers a variety of on-site and remote professional and technical services, as well as phone, email and web-based support. The company sells primarily to K-12 schools in the United States through a direct sales force. It derives revenues in the form of subscription revenue, license revenue, support and professional services.
Executives
Steven G. Simon 10 percent owner TRIGRAN INVESTMENTS, INC., 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062
Lawrence A Oberman 10 percent owner TRIGRAN INVESTMENTS, INC., 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062
Trigran Investments Lp 10 percent owner 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062
Trigran Investments, Inc. 10 percent owner 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062
Douglas Granat 10 percent owner TRIGRAN INVESTMENTS, INC., SUITE 230, NORTHBROOK IL 60062
Jane A Freeman officer: Chief Financial Officer ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Osmium Capital Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Partners, Llc 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Spartan L P 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
John Hartnett Lewis 10 percent owner 388 MARKET STREET, SUITE 920, SAN FRANCISCO CA 94111
Osmium Capital Ii, Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Gayle A Crowell director
Dino A Rossi director 61 WATROO POINT, DANIEL ISLAND SC 29492
Joseph B Martin director C/O BAXTER INTERNATIONAL INC., ONE BAXTER PARKWAY, DEERFIELD IL 60015
Warburg Pincus Ventures Lp 10 percent owner E M WARBURG PINCUS & CO INC 466 LEXINGTON AVE 10TH FL NEW YORK NY 10017-3147

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