Next Technology Holding (Next Technology Holding) Graham Number : $36.72 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Next Technology Holding 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 (2024-05-13), the stock price of Next Technology Holding is $4.25. Next Technology Holding's graham number for the quarter that ended in Dec. 2023 was $36.72. Therefore, Next Technology Holding's Price to Graham Number ratio for today is 0.12.

The historical rank and industry rank for Next Technology Holding's Graham Number or its related term are showing as below:

NXTT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.12 Med: 51.18 Max: 74.97
Current: 0.12

During the past 5 years, the highest Price to Graham Number ratio of Next Technology Holding was 74.97. The lowest was 0.12. And the median was 51.18.

NXTT's Price-to-Graham-Number is ranked better than
99.78% of 1356 companies
in the Software industry
Industry Median: 2.23 vs NXTT: 0.12

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

Next Technology Holding Graham Number Historical Data

The historical data trend for Next Technology Holding'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.

Next Technology Holding Graham Number Chart

Next Technology Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Graham Number

14.93

27.03

Next Technology Holding Quarterly Data
	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														-	-	-	-	36.72

Competitive Comparison of Next Technology Holding's Graham Number

For the Software - Application subindustry, Next Technology Holding'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.

Next Technology Holding's Price-to-Graham-Number Distribution in the Software Industry

For the Software industry and Technology sector, Next Technology Holding's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Next Technology Holding's Price-to-Graham-Number falls into.

Next Technology Holding Graham Number Calculation

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

Next Technology Holding's Graham Number for the fiscal year that ended in Dec. 2023 is calculated as

	Graham Number
=	sqrt of (22.5	*	Tangible Book per Share	*	EPS without NRI)
=	sqrt of (22.5	*	19.39	*	-0.037)
=	N/A

Next Technology Holding'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	*	19.39	*	3.091)
=	36.72

Next Technology Holding (NAS:NXTT) 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.

Next Technology Holding's Price to Graham number Ratio for today is calculated as

Price to Graham number	=	Share Price (Today)	/	Graham number (Q: Dec. 2023 )
	=	4.25	/	36.72
	=	0.12

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.

Next Technology Holding Graham Number Related Terms

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

Next Technology Holding (Next Technology Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Next Technology Holding Inc (NAS:NXTT) » Definitions » Graham Number

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Kechuang 10th Street, Room 101, Level 1 Building 8, Beijing Economic and Technological, Development Zone, Beijing, CHN, 100020

Website

https://www.wetradegroup.net

WeTrade Group Inc is engaged in providing technical services and solutions via its membership-based social e-commerce platform and chatGPT technical services. The company provides technology services to both individual and corporate users. It offers an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the YCloud. The company also serves tourism, hospitality, livestreaming and short video, medical beauty, and traditional retail industries.

Executives

Biming Guo	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, BEIJING F4 100020
Kean Tat Che	director, officer: CFO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Yuxing Ye	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Donghui Wang	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Ning Qin	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Pijun Liu	director, 10 percent owner, officer: CEO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zhuo Li	director, officer: COO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Daxue Li	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zheng Dai	director, 10 percent owner, officer: Chairman and Exec. Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Hung Fai Choi	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000