GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamada Green Resources Ltd (SGX:BJV) » Definitions » Graham Number
中文

Yamada Green Resources (SGX:BJV) Graham Number : S$0.22 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Yamada Green Resources 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 (2024-04-25), the stock price of Yamada Green Resources is S$0.134. Yamada Green Resources's graham number for the quarter that ended in Dec. 2023 was S$0.22. Therefore, Yamada Green Resources's Price to Graham Number ratio for today is 0.62.

The historical rank and industry rank for Yamada Green Resources's Graham Number or its related term are showing as below:

SGX:BJV' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.17   Med: 0.61   Max: 2.2
Current: 0.61

During the past 13 years, the highest Price to Graham Number ratio of Yamada Green Resources was 2.20. The lowest was 0.17. And the median was 0.61.

SGX:BJV's Price-to-Graham-Number is ranked better than
82.27% of 1258 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs SGX:BJV: 0.61

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


Yamada Green Resources Graham Number Historical Data

The historical data trend for Yamada Green Resources'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.

Yamada Green Resources Graham Number Chart

Yamada Green Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.32 - 0.15 0.14

Yamada Green Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.12 0.08 0.20 0.20 0.22

Competitive Comparison of Yamada Green Resources's Graham Number

For the Farm Products subindustry, Yamada Green Resources'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.


Yamada Green Resources's Price-to-Graham-Number Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yamada Green Resources's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Yamada Green Resources's Price-to-Graham-Number falls into.



Yamada Green Resources Graham Number Calculation

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

Yamada Green Resources's Graham Number for the fiscal year that ended in Jun. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.292*0.003)
=0.14

Yamada Green Resources's Graham Number for the quarter that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.296*0.007)
=0.22

* 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.


Yamada Green Resources  (SGX:BJV) 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.

Yamada Green Resources's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2023 )
=0.134/0.22
=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.


Yamada Green Resources Graham Number Related Terms

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


Yamada Green Resources (SGX:BJV) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Dongling Road, Ganzhe Street, Minhou Economic and Technological Development Zone, Minhou County, Fujian, Fuzhou, CHN, 350100
Yamada Green Resources Ltd is an agricultural food product processing group. It operates through business segments that are: Processed food products segment that comprises processed vegetable products and dietary fiber food products (including konjac-based processed food products); Investment properties that include rental income from investment properties; and Corporate segment. Geographically, it exports its products to Japan, the People's Republic of China (PRC), and the Netherlands. The Processed food segment generates maximum revenue for the company through the Japan region.

Yamada Green Resources (SGX:BJV) Headlines

No Headlines