Do Graham’s criteria apply directly to investment funds?

Size in Sales (100% ⇒ 500 Million): 1.44%
Current Assets ÷ [2 x Current Liabilities]: 185.14%
Net Current Assets ÷ Long-Term Debt: 100.00%
Earnings Stability (100% ⇒ 10 Years): 60.00%
Dividend Record (100% ⇒ 20 Years): 40.00%
Earnings Growth (100% ⇒ 33% Growth): 0.00%
Graham Number(%): 327.30%
NCAV or Net-Net(%): 2.68%
[2 x Equity] ÷ Debt: 41,551.35%
Size in Assets (100% ⇒ 250 Million): 30.90%

I applied Graham’s modified criteria for the enterprising investor and adhered to a price threshold above 137%.

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Dear Omar_H,

Graham does not appear to have written anything specifically about Royalty Income Trusts. Like Real Estate Investment Trusts (REITs), they may have to be evaluated using Graham's criteria for Financials.

But considering the finite nature of Royalty Income Trusts, a DCF analysis or Loan Amortization calculation may be more appropriate.

Thank you for your forum post!