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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 (2024-05-06), the stock price of SINA is $43.26. SINA's graham number for the quarter that ended in Jun. 2020 was $N/A. Therefore, SINA's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for SINA's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of SINA was 2.85. The lowest was 0.00. And the median was 1.65.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
The historical data trend for SINA'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.
SINA Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Graham Number | Get a 7-Day Free Trial | 17.96 | 50.46 | 42.50 | 36.36 | - |
SINA Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
Graham Number | Get a 7-Day Free Trial | 40.68 | 37.31 | - | - | - |
For the Internet Content & Information subindustry, SINA'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.
For the Interactive Media industry and Communication Services sector, SINA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where SINA's Price-to-Graham-Number falls into.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
SINA's Graham Number for the fiscal year that ended in Dec. 2019 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI) |
= | sqrt of (22.5 | * | 34.056 | * | -1.03) |
= | N/A |
SINA's Graham Number for the quarter that ended in Jun. 2020 is calculated as
Graham Number | |||||
= | sqrt of (22.5 | * | Tangible Book per Share | * | EPS without NRI (TTM)) |
= | sqrt of (22.5 | * | 34.292 | * | -1.46) |
= | 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.
SINA (NAS:SINA) 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.
SINA's Price to Graham number Ratio for today is calculated as
Price to Graham number | = | Share Price (Today) | / | Graham number (Q: Jun. 2020 ) |
= | 43.26 | / | 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.
Thank you for viewing the detailed overview of SINA's Graham Number provided by GuruFocus.com. Please click on the following links to see related term pages.
Hurst Lin | director | |
Yan Wang | director | |
Benjamin S Tsiang | officer: Executive Vice President | |
Pehong Chen | director | 460 SEAPORT COURT, SUITE 102, REDWOOD CITY CA 94063 |
Yongji Duan | director | NO 2 HAIDIAN ROAD C/O PATRICK NG ZHONGGUANCUN F4 00000 |
Ter Fung Tsao | director | 2988 CAMPUS DRIVE STE 100 SAN MATEO CA 94403 |
Yi Chen Zhang | director | 28/F CITIC TOWER 1 TIM MEI AVENUE HONG KONG K3 00000 |
Xiaotao Chen | director | C/O STONE ELECTRONIC TECHNOLOGY 27/F, K. WAH CENTRE, 191 JAVA ROAD NORTH POINT K3 |
Song-yi Zhang | director | C/O: 10/F, FUNG HOUSE, 19-20 CONNAUGHT ROAD CENTRAL, HONG KONG K3 - |
Lip Bu Tan | director | ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111 |
Charles Guowei Chao | director, officer: CEO & President | |
Herman Yu | officer: Acting Chief Financial Officer | C/O SINA, 20F, IDEAL PLAZA NO. 58, NORTH 4TH RING ROAD WEST HAIDIAN DISTRICT, BE F4 100080 |
Daniel Chiang | director | |
Shanda Interactive Entertainment Ltd | 10 percent owner | NO. 208 JULI ROAD PUDONG NEW AREA SHANGHAI F4 201203 |
Skyline Media Ltd | 10 percent owner | PALM GROVE HOUSE P.O. BOX 438 ROAD TOWN, TORTOLA D8 00000 |
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