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The Benjamin Graham formula is an intrinsic value formula proposed by investor and professor, Benjamin Graham, often referred to as the "father of value investing". Published in his book, ''The Intelligent Investor'', Graham devised the formula for investors to be able to quickly determine how rationally priced their stocks were. As with any valuation formula, the final number is not designed to give a true value of a stock, but only to approximate its range of possible values. ==Formula calculation== In ''The Intelligent Investor'', Benjamin Graham describes a formula he used to value stocks. He disregarded complicated calculations and kept his formula simple. In his words: "Our study of the various methods has led us to suggest a foreshortened and quite simple formula for the evaluation of growth stocks, which is intended to produce figures fairly close to those resulting from the more refined mathematical calculations." The formula as described by Graham in the 1962 edition of ''Security Analysis'', is as follows: : V = Intrinsic Value EPS = Trailing Twelve Months Earnings Per Share 8.5 = P/E base for a no-growth company g = reasonably expected 7 to 10 year growth rate Where the expected annual growth rate "should be that expected over the next seven to ten years." Graham’s formula took no account of prevailing interest rates. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Benjamin Graham formula」の詳細全文を読む スポンサード リンク
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