Decades ago Benjamin Graham wrote: The Intelligent Investor. Warren Buffett read the book and the rest is history.
It never fails to surprise when the market "follows" Graham's simple rule for the Defensive Investor: Don't pay more than 15x Earnings and/or 1,5x Book Value.
The Graham Number value is the geometric average of the two:
Square Root ( 15 x 1,9 Euros Earnings per Share x 1,5 x 13,5 Euros Book Value per Share ) =
24,1 Euros Graham Value
"Mr. Market" Price per share today: 25,6 Euros.
For in depth analysis of other companies, see: www.beterinbeleggen.nl
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