Thank you for the following update: "Jan 2022 Update: The US Corporate AA Effective Yield of 2.16% as of Jan 05 2022 would imply a Graham Number(%) and Intrinsic Value(%) of 57% for Defensive and Enterprising grade U.S. stocks, using a calculation identical to the one above. The filters on GrahamValue can accordingly be set to 55% or 60%, as per one's preference."
This allows us to broaden our search for Defensive and Enterprise issues. Thank you.
I have a question regarding NET-NETs. On the Graham Result tab for NET-NETs for the example FKWL you state: "However, FKWL's Intrinsic Value(%) evaluates to less than 100% — 88.27% — because its Previous Close is higher than its Intrinsic Value. But Graham also required his Intrinsic Value calculations to be adjusted for current Bond Yields."
But for NET-NETs I do not see anywhere where iv can be adjusted for current Bond Yields??? Thanks again.
Submitted by Tooms. Created on Tuesday 29th March 2022. Updated on Tuesday 29th March 2022.
Generic Summary Corrected
Dear BobT,
Thank you for your forum post!
As mentioned on the blog entry from which you've quoted, NCAV grade stocks require Intrinsic Values of 100% or higher, since the NCAV Price is calculated based on asset values alone.
The summary on Franklin Wireless Corp (FKWL) was intended to be a generic summary for Graham graded stocks with insufficient Intrinsic Values, and links to the same blog entry.
However, for increased clarity, the last line about adjustment will no longer be shown for stocks of the NCAV grade.
Thank you!