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Oberbank AG Graham Number

: €111.59 (As of Jun. 2021)
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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 (2021-10-21), the stock price of Oberbank AG is €89.60. Oberbank AG's graham number for the quarter that ended in Jun. 2021 was €111.59. Therefore, Oberbank AG's Price to Graham Number ratio for today is 0.80.

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

STU:OBK' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.61   Med: 0.77   Max: 1.21
Current: 0.83

0.61
1.21

During the past 13 years, the highest Price to Graham Number ratio of Oberbank AG was 1.21. The lowest was 0.61. And the median was 0.77.

STU:OBK's Price-to-Graham-Number is ranked higher than
71% of the 875 Companies
in the Banks industry.

( Industry Median: 1.31 vs. STU:OBK: 0.83 )

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


Oberbank AG Graham Number Historical Data

The historical data trend for Oberbank AG'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.

Oberbank AG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Graham Number
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.09 90.51 102.29 107.08 82.22

Oberbank AG Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Graham Number 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 Premium Member Only Premium Member Only Premium Member Only 77.69 71.80 82.05 122.59 111.59

Competitive Comparison

For the Banks - Regional subindustry, Oberbank AG's Graham Number, along with its competitors' market caps and 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.

   

Oberbank AG Graham Number Distribution

For the Banks industry and Financial Services sector, Oberbank AG's Graham Number distribution charts can be found below:

* The bar in red indicates where Oberbank AG's Graham Number falls into.



Oberbank AG Graham Number Calculation

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

Oberbank AG's Graham Number for the fiscal year that ended in Dec. 2020 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*86.231*3.484)
=82.22

Oberbank AG's Graham Number for the quarter that ended in Jun. 2021 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*89.202*6.204)
=111.59

* 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.


Oberbank AG  (STU:OBK) 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.

Oberbank AG's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2021 )
=89.60/111.59
=0.80

* 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.


Oberbank AG Graham Number Related Terms

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


Oberbank AG Business Description

Oberbank AG logo
Industry
Financial Services » Banks NAICS : 0 SIC : 0
Traded in Other Exchanges
Address
Untere Donaulande 28, Linz, AUT, 4020
Oberbank AG provides various banking products and services. The company's operating segments include Corporate & Business Banking, Personal Banking, Financial Markets, and Others. The firm offers services such as corporate & business loans, investment finance, structured finance, export finance, syndicated loans & international lending, and payment services. It also offers deposit banking, personal accounts & personal loans, asset management, brokerage, private banking, building & loan association saving, insurance services, as well as card products. The majority of its revenue is derived from Corporate & Business Banking.

Oberbank AG Headlines

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