Graham Number Calculator

## Graham Number Calculator

**Stock**: {COMPANY} ({TICKER})

**INPUT DATA**
- EPS (TTM or normalized): $___
- Book Value per Share (BVPS): $___
- Current Assets: $___M | Current Liabilities: $___M
- Total Liabilities: $___M | Shares Outstanding: ___M
- Current Stock Price: $___

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**GRAHAM NUMBER**
Formula: Graham Number = √(22.5 × EPS × BVPS)

Graham Number = √(22.5 × $___ × $___)
Graham Number = $___

Interpretation:
- Current price ($___) vs Graham Number ($___) = ___% premium/discount
- Margin of safety: ___% (positive = price below Graham Number)
- Graham Number buy rule: only buy at ≤ Graham Number (ideally 20–30% below)

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**NET-NET WORKING CAPITAL (NNWC)**
Formula: NNWC = Current Assets – Total Liabilities

NNWC = $___ – $___ = $___M total
NNWC per share = $___M / ___M shares = $___

Interpretation:
- Current price vs NNWC per share: ___% premium/discount
- Graham net-net rule: buy at < 2/3 of NNWC per share ($___)
- Net-net status: Qualifies / Does Not Qualify

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**GRAHAM'S 7 CRITERIA SCORECARD**
[ ] P/E ≤ 15 (current: ___)
[ ] P/B ≤ 1.5 (current: ___) — or P/E × P/B ≤ 22.5
[ ] Current ratio ≥ 2 (current: ___)
[ ] Long-term debt ≤ net current assets
[ ] Positive EPS for past 10 years
[ ] Uninterrupted dividends for 20+ years
[ ] EPS growth ≥ 33% over past 10 years

Score: ___ / 7

**VERDICT**: Graham Number: $___. Score: ___/7. Buy / Avoid.