Intrinsic Value Calculator.

Calculate a stock's fair value based on Benjamin Graham's 1974 revised formula. Avoid buying overvalued equities. (Debug Type: intrinsic-value)

Innocent Investor Benjamin Graham Intrinsic Value Report

Generated on 21/6/2026

🔍 Valuation Parameters

Earnings Per Share (EPS trailing 12mo) (₹)

Expected Long-term Annual Growth ($g$ in %)

Indian AAA Corporate Bond Yield ($Y$ in %)Defaults to typical Indian AAA yield (~7.5%). US yield was 4.4% in Graham's era.

Current Market Price (CMP) (₹)

Margin of Safety Discount20%

Graham Intrinsic Value₹836

Safe Buy Price (MOS Discounted)₹669

Value AssessmentOVERVALUED (SELL ZONE)

✏️ Revised Benjamin Graham Equation

The original formula was revised by Graham in 1974 to compare equity earnings potential with AA/AAA corporate bond yields.

Formula:
V = [ EPS × (8.5 + 2g) × 4.4 ] / Y

8.5 is the assumed P/E multiple for a zero-growth stock.
2g is the growth multiplier (expected growth rate × 2).
4.4 was the average yield of AAA corporate bonds in 1962.
Y is the AAA yield rate today, which adjusts the target multiple relative to interest rates.

Benjamin Graham's Margin of Safety

Benjamin Graham, the father of value investing, emphasized never buying a stock without a Margin of Safety. By applying a 20% to 30% discount to calculated intrinsic values, you protect your capital from valuation mistakes and unexpected market downturns.