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Intrinsic Value Calculator

Estimate what a stock is really worth with Benjamin Graham's revised formula.

Graham's Revised Formula

EPS, growth, and bond yield — the classic value-investing model

Rate-Adjusted

Normalises to today's AAA bond yield

Upside & Margin of Safety

Compare intrinsic value to the live price

Graham Intrinsic Value
Estimate intrinsic value per share with Benjamin Graham's revised formula, adjusted for current bond yields.
£
%

Estimated annual earnings growth over 7–10 years.

%

Normalises the formula to today's rates (~4–5%).

£

Add a price to see upside and margin of safety.

How the Graham Formula Works

The Formula

V = EPS × (8.5 + 2g) × 4.4 / Y

8.5 is the base P/E for a no-growth firm; 2g rewards growth; and 4.4/Y rescales the result for the current AAA corporate bond yield. The output is an estimate of intrinsic value per share.

Handle Growth With Care

The growth input drives the answer, so the calculator shows a sensitivity table around your estimate. Be conservative — an over-optimistic growth rate is the most common way to overpay, which is exactly why a margin of safety matters.

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Frequently Asked Questions