7 Dividend Champions Undervalued According to the Graham Number

The following list of companies have consistently raised dividends for 25 consecutive years. In addition, all of these names are trading at a significant discount to their fair price, as determined by the Graham Number. The Graham Number was considered to be the maximum price an investor should pay for a stock, according to the formula developed by Benjamin Graham. 
Click on all charts for expanded images:It is calculated as follows:Graham Number = Square Root of (22.5) x (Earnings per Share) x (Book Value per Share).This equation is predicated on Graham’s belief that the price-to-earnings (P/EPS) ratio should be no more than 15, and the price-to-book value (P/BVPS) ratio should be no more than 1.5.Therefore we only include companies that meet both of these criteria. As a result, the product of the two should not be more than 22.5. In other words, (P/EPS of 15)... Read more