The https://en.wikipedia.org/wiki/Graham_number is also not usually used for financial companies like banks.
For banks and real estate, I have decided to use 1 x book value instead of 1,5 x book value which makes more sense for other industries. The Graham Value is the geometric average of 15 x Earnings per Share and Book Value x 1,5 (in this case x 1).
The company paid out a special dividend of EUR 1,5 / EUR 22,6 = 7% on December 19th 2018.
Conclusion on December 2018: Like other Dutch stocks and banks, Van Lanschot seems like a buy at the moment.
Gross income ("Sales") EUR 553 million (Note: 9-9-2020 I don't understand the income statement.)
Van Lanschot Bank has a relatively high Book Value per share: 28 Euros which is higher than the current share price: EUR 16,22.
The Earnings Yield 2 Eur EPS / 16,22 Share Price is 12%, very acceptable for the Graham Screen.
Graham Number EUR 30.
Dividend: Eur 1,45 / 16,22 = 9% (Will be lower in 2020 due to worldwide coronacrisis.)
Conclusion September 2020: You can buy a Euro for 54 cents?