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EVS Broadcast Equipment (XBRU:EVS) Graham Number : €27.69 (As of Dec. 2023)


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What is EVS Broadcast Equipment 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 (2024-05-26), the stock price of EVS Broadcast Equipment is €30.50. EVS Broadcast Equipment's graham number for the quarter that ended in Dec. 2023 was €27.69. Therefore, EVS Broadcast Equipment's Price to Graham Number ratio for today is 1.10.

The historical rank and industry rank for EVS Broadcast Equipment's Graham Number or its related term are showing as below:

XBRU:EVS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8   Med: 1.39   Max: 1.96
Current: 1.1

During the past 13 years, the highest Price to Graham Number ratio of EVS Broadcast Equipment was 1.96. The lowest was 0.80. And the median was 1.39.

XBRU:EVS's Price-to-Graham-Number is ranked better than
68.83% of 1588 companies
in the Hardware industry
Industry Median: 1.51 vs XBRU:EVS: 1.10

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


EVS Broadcast Equipment Graham Number Historical Data

The historical data trend for EVS Broadcast Equipment'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.

EVS Broadcast Equipment Graham Number Chart

EVS Broadcast Equipment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.82 10.78 25.72 24.77 27.67

EVS Broadcast Equipment Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 25.72 25.77 24.83 27.06 27.69

Competitive Comparison of EVS Broadcast Equipment's Graham Number

For the Communication Equipment subindustry, EVS Broadcast Equipment'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.


EVS Broadcast Equipment's Price-to-Graham-Number Distribution in the Hardware Industry

For the Hardware industry and Technology sector, EVS Broadcast Equipment's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where EVS Broadcast Equipment's Price-to-Graham-Number falls into.



EVS Broadcast Equipment Graham Number Calculation

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

EVS Broadcast Equipment'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*12.837*2.65)
=27.67

EVS Broadcast Equipment'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*12.837*2.654)
=27.69

* 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.


EVS Broadcast Equipment  (XBRU:EVS) 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.

EVS Broadcast Equipment's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2023 )
=30.50/27.69
=1.10

* 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.


EVS Broadcast Equipment Graham Number Related Terms

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


EVS Broadcast Equipment (XBRU:EVS) Business Description

Traded in Other Exchanges
Address
Liege Science Park, 13 Rue Bois Saint-Jean, Seraing, BEL, B-4102
EVS Broadcast Equipment SA designs and markets digital electronic systems to broadcasters, production companies, post-production facilities, film studios, content owners, and archive libraries around the globe, to support the production of their sports, entertainment, and news programs. EVS provides solutions based on tapeless workflows with a consistent modular architecture. The company has a presence in Asia-Pacific, Europe, the Middle East and Africa, and America and generates its revenues from outside broadcast vans, studios, and others sporting event rentals.

EVS Broadcast Equipment (XBRU:EVS) Headlines

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