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Graham numberAnalyst
Benjamin Graham’s upper price limit for a defensive investor.
What you’ll enter
- Earnings per share
- Book value per share
- Current share price (optional)
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The formula
Graham number = √(22.5 × EPS × BVPS)
22.5 comes from Graham’s limits of a P/E of 15 and a price-to-book of 1.5. It suits asset-heavy, profitable companies, not fast growers.