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Benjamin Graham · 1894–1976

Passing Graham's screen

Every company across SageRanks's 30 indices, tested against Graham's hard limits: live, date-stamped, alphabetical. A screen, not a ranking, and not advice.

Benjamin Graham, the father of value investing and Warren Buffett's teacher, insisted on numeric limits a stock had to clear before it was even worth analysing. This page applies his two hard limits to every company SageRanks tracks, across 30 indices, and lists only the ones that clear both right now.

The hard limits

P/B < 1.5Never pay more than 1.5× book value. Above this, the margin of safety disappears: if the business stumbles, there is no cushion.
P/E < 15Only profitable companies, and never more than 15× earnings: Graham's earnings test (The Intelligent Investor, ch. 14). He used a three-year average; this uses trailing twelve months. His rule also allowed offsetting the two tests (P/E × P/B ≤ 22.5).

183 companies currently pass Benjamin Graham’s screen across 26 markets. This list is generated from the latest data; the interactive table above is live.

🇬🇧 FTSE 100 · 23 pass

  • 3i Group (III.L) · Financial Services · P/B 0.9, P/E 5.1 · also passes JG
  • Associated British Foods (ABF.L) · Consumer Defensive · P/B 1.3, P/E 15.2 · also passes JG
  • Barclays (BARC.L) · Financial Services · P/B 1.0, P/E 10.0 · also passes PL
  • Barratt Redrow (BTRW.L) · Consumer Cyclical · P/B 0.6, P/E 20.5 · also passes PL, JG
  • Berkeley Group (BKG.L) · Consumer Cyclical · P/B 0.9, P/E 10.3 · also passes JG
  • British Land (BLND.L) · Real Estate · P/B 0.7, P/E 9.2
  • Centrica (CNA.L) · Utilities · P/B 2.0, P/E 10.0 · also passes WB, PL, JG
  • F&C Investment Trust (FCIT.L) · P/B 0.9, P/E 4.5
  • IAG (IAG.L) · Industrials · P/B 2.6, P/E 7.8 · also passes WB, JG
  • JD Sports (JD.L) · Consumer Cyclical · P/B 1.4, P/E 9.1 · also passes PL, JG
  • Kingfisher (KGF.L) · Consumer Cyclical · P/B 0.8, P/E 21.6 · also passes PL, JG
  • Landsec (LAND.L) · Real Estate · P/B 0.8, P/E 14.3
  • Lloyds (LLOY.L) · Financial Services · P/B 1.6, P/E 13.8 · also passes PL
  • LondonMetric (LMP.L) · Real Estate · P/B 0.9, P/E 14.1
  • NatWest (NWG.L) · Financial Services · P/B 1.4, P/E 9.2 · also passes PL
  • Persimmon (PSN.L) · Consumer Cyclical · P/B 1.0, P/E 12.1 · also passes PL, JG
  • Prudential (PRU.L) · Financial Services · P/B 1.7, P/E 9.5 · also passes WB, JG
  • Sainsbury's (SBRY.L) · Consumer Defensive · P/B 0.7, P/E 18.7 · also passes JG
  • Scottish Mortgage (SMT.L) · P/B 1.1, P/E 5.3
  • Shell (SHEL.L) · Energy · P/B 1.4, P/E 10.3 · also passes PL, JG
  • Standard Chartered (STAN.L) · Financial Services · P/B 1.5, P/E 14.1 · also passes PL
  • Taylor Wimpey (TW.L) · Consumer Cyclical · P/B 0.7, P/E 11.7 · also passes PL, JG
  • Vistry (VTY.L) · Consumer Cyclical · P/B 0.3, P/E 6.8 · also passes JG

🇭🇰 Hang Seng · 17 pass

  • Bank of China (3988.HK) · Financial Services · P/B 0.6, P/E 7.0 · also passes PL
  • China Construction Bank (0939.HK) · Financial Services · P/B 0.6, P/E 6.4 · also passes PL
  • China Life (2628.HK) · Financial Services · P/B 1.1, P/E 2.9 · also passes WB, PL
  • China Mobile (0941.HK) · Communication Services · P/B 1.0, P/E 11.3 · also passes JG
  • China Overseas Land (0688.HK) · Real Estate · P/B 0.3, P/E 9.5 · also passes PL
  • China Resources Land (1109.HK) · Real Estate · P/B 0.6, P/E 7.7 · also passes PL, JG
  • CK Hutchison (0001.HK) · Industrials · P/B 0.5, P/E 7.0 · also passes PL, JG
  • CNOOC (0883.HK) · Energy · P/B 1.2, P/E 8.4 · also passes WB, PL, JG
  • Geely Auto (0175.HK) · Consumer Cyclical · P/B 1.6, P/E 9.4 · also passes WB, PL, JG
  • ICBC (1398.HK) · Financial Services · P/B 0.6, P/E 6.5 · also passes PL
  • JD.com (9618.HK) · Consumer Cyclical · P/B 1.1, P/E 18.5 · also passes PL, JG
  • Kuaishou (1024.HK) · Communication Services · P/B 1.5, P/E 8.1 · also passes WB, PL, JG
  • Li Ning (2331.HK) · Consumer Cyclical · P/B 1.0, P/E 9.7 · also passes JG
  • Ping An (2318.HK) · Financial Services · P/B 0.8, P/E 5.7 · also passes PL
  • Power Assets (0006.HK) · Utilities · P/B 1.2, P/E 7.1
  • Sun Hung Kai Properties (0016.HK) · Real Estate · P/B 0.5, P/E 15.1 · also passes PL
  • WH Group (0288.HK) · Consumer Defensive · P/B 1.1, P/E 7.8 · also passes WB, JG

🇸🇬 STI · 16 pass

  • Ascendas REIT (A17U.SI) · Real Estate · P/B 1.1, P/E 14.9
  • CapitaLand Int. CT (C38U.SI) · Real Estate · P/B 1.1, P/E 14.7
  • City Developments (C09.SI) · Real Estate · P/B 0.8, P/E 9.4 · also passes PL
  • ComfortDelGro (C52.SI) · Industrials · P/B 1.1, P/E 12.8 · also passes JG
  • Frasers Centrepoint Trust (J69U.SI) · Real Estate · P/B 0.9, P/E 19.4
  • Frasers L&CT (BUOU.SI) · Real Estate · P/B 0.8, P/E 15.4
  • Genting Singapore (G13.SI) · Consumer Cyclical · P/B 0.9, P/E 20.3 · also passes JG
  • Hongkong Land (H78.SI) · Real Estate · P/B 0.6, P/E 7.6
  • Jardine Matheson (J36.SI) · Industrials · P/B 0.6, P/E 15.6 · also passes PL, JG
  • Keppel DC REIT (AJBU.SI) · Real Estate · P/B 1.3, P/E 11.4
  • Mapletree Industrial Trust (N2IU.SI) · Real Estate · P/B 0.7, P/E 24.8
  • Mapletree Pan Asia CT (M44U.SI) · Real Estate · P/B 0.9, P/E 23.0
  • Thai Beverage (Y92.SI) · Consumer Defensive · P/B 2.0, P/E 11.3 · also passes PL
  • UOB (U11.SI) · Financial Services · P/B 1.4, P/E 14.4 · also passes PL
  • UOL Group (U14.SI) · Real Estate · P/B 0.7, P/E 14.8
  • Wilmar (F34.SI) · Consumer Defensive · P/B 0.8, P/E 13.2 · also passes JG

🇫🇷 CAC 40 · 15 pass

  • Alstom (ALO.PA) · Industrials · P/B 0.7, P/E 26.5 · also passes PL, JG
  • BNP Paribas (BNP.PA) · Financial Services · P/B 0.9, P/E 8.9 · also passes PL
  • Bouygues (EN.PA) · Industrials · P/B 1.4, P/E 13.4 · also passes JG
  • Capgemini (CAP.PA) · Technology · P/B 1.5, P/E 13.4 · also passes PL, JG
  • Carrefour (CA.PA) · Consumer Defensive · P/B 1.0, P/E 12.4 · also passes PL, JG
  • Crédit Agricole (ACA.PA) · Financial Services · P/B 0.8, P/E 9.2
  • Michelin (ML.PA) · P/B 0.4, P/E 3.4
  • Orange (ORA.PA) · Communication Services · P/B 1.3, P/E 10.4 · also passes PL, JG
  • Pernod Ricard (RI.PA) · Consumer Defensive · P/B 1.0, P/E 11.2 · also passes JG
  • Renault (RNO.PA) · Consumer Cyclical · P/B 0.4, P/E 8.7 · also passes PL, JG
  • Saint-Gobain (SGO.PA) · Industrials · P/B 1.5, P/E 14.0 · also passes PL, JG
  • Société Générale (GLE.PA) · Financial Services · P/B 0.7, P/E 9.6
  • Teleperformance (TEP.PA) · Industrials · P/B 1.0, P/E 8.9 · also passes PL, JG
  • TotalEnergies (TTE.PA) · Energy · P/B 1.6, P/E 11.3 · also passes PL, JG
  • Unibail-Rodamco-Westfield (URW.PA) · Real Estate · P/B 0.8, P/E 8.9

🇮🇹 FTSE MIB · 10 pass

  • A2A (A2A.MI) · Utilities · P/B 1.4, P/E 10.3 · also passes PL, JG
  • Banco BPM (BAMI.MI) · Financial Services · P/B 1.6, P/E 12.7
  • BPER Banca (BPE.MI) · Financial Services · P/B 1.6, P/E 12.8 · also passes PL
  • Buzzi (BZU.MI) · Basic Materials · P/B 1.0, P/E 8.3 · also passes PL, JG
  • Eni (ENI.MI) · Energy · P/B 1.5, P/E 12.3 · also passes PL, JG
  • Hera (HER.MI) · Utilities · P/B 1.3, P/E 11.6 · also passes JG
  • Intesa Sanpaolo (ISP.MI) · Financial Services · P/B 1.7, P/E 11.9
  • Monte dei Paschi (BMPS.MI) · Financial Services · P/B 1.3, P/E 9.5 · also passes PL
  • Pirelli (PIRC.MI) · Consumer Cyclical · P/B 1.1, P/E 13.0 · also passes JG
  • UniCredit (UCG.MI) · Financial Services · P/B 1.8, P/E 11.8 · also passes PL

🇬🇷 ATHEX · 9 pass

  • ADMIE (ADMIE.AT) · Utilities · P/B 0.7, P/E 7.8
  • Alpha Bank (ALPHA.AT) · Financial Services · P/B 1.1, P/E 12.5
  • Autohellas (OTOEL.AT) · Consumer Cyclical · P/B 1.0, P/E 7.1 · also passes WB, JG
  • Elvalhalcor (ELHA.AT) · Industrials · P/B 1.2, P/E 13.1 · also passes PL, JG
  • Eurobank (EUROB.AT) · Financial Services · P/B 1.5, P/E 12.4
  • HELLENiQ Energy (ELPE.AT) · Energy · P/B 1.4, P/E 4.6 · also passes WB, JG
  • Lamda Development (LAMDA.AT) · Real Estate · P/B 0.8, P/E 12.7
  • Motor Oil Hellas (MOH.AT) · Energy · P/B 1.7, P/E 5.7 · also passes JG
  • Piraeus Bank (TPEIR.AT) · Financial Services · P/B 1.3, P/E 11.5 · also passes PL

🇩🇪 DAX · 9 pass

  • BMW (BMW.DE) · Consumer Cyclical · P/B 0.4, P/E 5.9 · also passes PL, JG
  • Deutsche Bank (DBK.DE) · Financial Services · P/B 0.8, P/E 10.5
  • Fresenius (FRE.DE) · Healthcare · P/B 1.3, P/E 16.1 · also passes PL, JG
  • Heidelberg Materials (HEI.DE) · Basic Materials · P/B 1.5, P/E 14.1 · also passes PL, JG
  • Mercedes-Benz (MBG.DE) · Consumer Cyclical · P/B 0.5, P/E 8.8 · also passes PL, JG
  • Munich Re (MUV2.DE) · Financial Services · P/B 2.0, P/E 9.7 · also passes WB
  • RWE (RWE.DE) · Utilities · P/B 1.0, P/E 12.8
  • Volkswagen (VOW3.DE) · Consumer Cyclical · P/B 0.2, P/E 7.2 · also passes PL
  • Vonovia (VNA.DE) · Real Estate · P/B 0.6, P/E 4.3

🇯🇵 Nikkei · 8 pass

  • Canon (7751.T) · Technology · P/B 1.1, P/E 11.8 · also passes JG
  • Denso (6902.T) · Consumer Cyclical · P/B 0.9, P/E 11.8 · also passes JG
  • East Japan Railway (9020.T) · Industrials · P/B 1.3, P/E 16.2 · also passes JG
  • Fujifilm (4901.T) · Industrials · P/B 1.0, P/E 14.6 · also passes PL, JG
  • NTT (9432.T) · Communication Services · P/B 1.4, P/E 13.9 · also passes JG
  • SoftBank Group (9984.T) · Communication Services · P/B 1.5, P/E 5.6 · also passes WB
  • Suzuki Motor (7269.T) · Consumer Cyclical · P/B 1.2, P/E 9.3 · also passes WB, PL, JG
  • Toyota Motor (7203.T) · Consumer Cyclical · P/B 1.0, P/E 8.9

🇹🇭 SET · 8 pass

  • Bangkok Bank (BBL.BK) · Financial Services · P/B 0.6, P/E 8.7
  • Kasikornbank (KBANK.BK) · Financial Services · P/B 1.0, P/E 11.5
  • Krung Thai Bank (KTB.BK) · Financial Services · P/B 1.4, P/E 12.2
  • PTT (PTT.BK) · Energy · P/B 1.0, P/E 9.5 · also passes PL, JG
  • PTT E&P (PTTEP.BK) · Energy · P/B 1.1, P/E 8.6 · also passes JG
  • SCB X (SCB.BK) · Financial Services · P/B 1.1, P/E 11.8
  • Siam Cement (SCC.BK) · Industrials · P/B 0.9, P/E 23.2 · also passes PL
  • Thai Oil (TOP.BK) · Energy · P/B 0.7, P/E 4.4 · also passes PL, JG

🇺🇸 S&P 100 · 8 pass

  • Allstate (ALL) · Financial Services · P/B 2.1, P/E 5.2 · also passes WB, JG
  • AT&T (T) · Communication Services · P/B 1.6, P/E 8.6 · also passes WB, JG
  • Chubb (CB) · Financial Services · P/B 1.7, P/E 12.0 · also passes JG
  • Cigna (CI) · Healthcare · P/B 1.8, P/E 11.7 · also passes PL, JG
  • Citigroup (C) · Financial Services · P/B 1.2, P/E 14.3 · also passes PL
  • Comcast (CMCSA) · Communication Services · P/B 1.0, P/E 8.4 · also passes JG
  • U.S. Bancorp (USB) · Financial Services · P/B 1.6, P/E 12.2
  • Wells Fargo (WFC) · Financial Services · P/B 1.6, P/E 12.7 · also passes PL

🇳🇱 AEX · 7 pass

  • ABN AMRO (ABN.AS) · Financial Services · P/B 1.3, P/E 15.2 · also passes PL
  • Aegon (AGN.AS) · Financial Services · P/B 1.3, P/E 12.0
  • ASR Nederland (ASRNL.AS) · Financial Services · P/B 1.4, P/E 14.1
  • NN Group (NN.AS) · Financial Services · P/B 1.0, P/E 11.5 · also passes PL
  • Prosus (PRX.AS) · Consumer Cyclical · P/B 1.7, P/E 8.2 · also passes WB
  • SBM Offshore (SBMO.AS) · Energy · P/B 1.5, P/E 7.6 · also passes WB, PL, JG
  • Signify (LIGHT.AS) · Industrials · P/B 0.7, P/E 12.3 · also passes JG

🇪🇸 IBEX35 · 7 pass

  • Colonial (COL.MC) · Real Estate · P/B 0.6, P/E 9.9
  • Grifols (GRF.MC) · Healthcare · P/B 1.2, P/E 14.9 · also passes PL, JG
  • IAG (IAG.MC) · Industrials · P/B 2.5, P/E 7.8 · also passes WB, JG
  • Mapfre (MAP.MC) · Financial Services · P/B 1.4, P/E 11.6 · also passes WB
  • Merlin Properties (MRL.MC) · Real Estate · P/B 0.9, P/E 9.1
  • Repsol (REP.MC) · Energy · P/B 1.3, P/E 9.1 · also passes PL, JG
  • Unicaja Banco (UNI.MC) · Financial Services · P/B 1.3, P/E 14.3

🇳🇴 OBX · 7 pass

  • Aker ASA (AKER.OL) · Industrials · P/B 1.7, P/E 4.1 · also passes WB, JG
  • BW LPG (BWLPG.OL) · Energy · P/B 1.8, P/E 7.8 · also passes WB, JG
  • DNB (DNB.OL) · Financial Services · P/B 1.8, P/E 11.6
  • Frontline (FRO.OL) · Energy · P/B 3.1, P/E 6.6 · also passes WB
  • MPC Containerships (MPCC.OL) · Industrials · P/B 1.3, P/E 6.0 · also passes WB, JG
  • Norske Skog (NSKOG.OL) · Basic Materials · P/B 0.7, P/E 11.9
  • Yara (YAR.OL) · Basic Materials · P/B 1.3, P/E 8.2 · also passes WB, JG

🇧🇪 BEL20 · 6 pass

  • Ackermans & van Haaren (ACKB.BR) · Industrials · P/B 1.5, P/E 13.4 · also passes JG
  • Aedifica (AED.BR) · Real Estate · P/B 0.8, P/E 6.7
  • Ageas (AGS.BR) · Financial Services · P/B 1.5, P/E 7.8 · also passes WB
  • Colruyt (COLR.BR) · Consumer Defensive · P/B 1.4, P/E 14.1 · also passes JG
  • Montea (MONT.BR) · Real Estate · P/B 0.8, P/E 9.4
  • WDP (WDP.BR) · Real Estate · P/B 1.0, P/E 12.4

🇪🇪 OMX Tallinn · 6 pass

  • Coop Pank (CPA1T.TL) · Financial Services · P/B 1.0, P/E 8.0
  • Hepsor (HAE1T.TL) · Industrials · P/B 1.0, P/E 16.1
  • LHV Group (LHV1T.TL) · Financial Services · P/B 1.4, P/E 11.4
  • Premia Foods (PRF1T.TL) · Consumer Defensive · P/B 0.1, P/E 0.5 · also passes JG
  • Silvano Fashion (SFG1T.TL) · Consumer Cyclical · P/B 0.5, P/E 5.1 · also passes PL
  • Tallink (TAL1T.TL) · Industrials · P/B 0.7, P/E 15.6 · also passes PL, JG

🇦🇹 ATX · 5 pass

  • EVN (EVN.VI) · Utilities · P/B 0.8, P/E 10.1 · also passes JG
  • OMV (OMV.VI) · Energy · P/B 1.5, P/E 14.5 · also passes PL, JG
  • Raiffeisen Bank (RBI.VI) · Financial Services · P/B 1.0, P/E 8.9
  • Telekom Austria (TKA.VI) · Communication Services · P/B 1.2, P/E 10.3 · also passes JG
  • Vienna Insurance (VIG.VI) · Financial Services · P/B 1.3, P/E 9.6 · also passes PL

🇨🇦 TSX 60 · 4 pass

  • BCE (BCE.TO) · Communication Services · P/B 1.5, P/E 4.8 · also passes WB, PL, JG
  • Nutrien (NTR.TO) · Basic Materials · P/B 1.4, P/E 15.7 · also passes PL, JG
  • OpenText (OTEX.TO) · Technology · P/B 1.4, P/E 9.3 · also passes WB, PL, JG
  • Rogers Communications (RCI-B.TO) · Communication Services · P/B 1.6, P/E 4.4 · also passes WB, PL, JG

🇳🇿 NZX · 3 pass

  • EBOS Group (EBO.NZ) · Healthcare · P/B 1.3, P/E 15.6
  • SkyCity (SKC.NZ) · Consumer Cyclical · P/B 0.5, P/E 32.8 · also passes PL, JG
  • Summerset (SUM.NZ) · Healthcare · P/B 0.6, P/E 6.8

🇸🇪 OMXS30 · 3 pass

  • Handelsbanken (SHB-A.ST) · Financial Services · P/B 1.6, P/E 12.3
  • Husqvarna (HUSQ-B.ST) · Industrials · P/B 0.8, P/E 15.5 · also passes JG
  • Investor (INVE-B.ST) · Financial Services · P/B 1.1, P/E 4.7 · also passes WB, JG

🇩🇰 OMXC25 · 3 pass

  • A.P. Møller (MAERSK-B.CO) · Industrials · P/B 0.9, P/E 21.0 · also passes PL, JG
  • Bavarian Nordic (BAVA.CO) · Healthcare · P/B 1.3, P/E 11.3 · also passes JG
  • Jyske Bank (JYSK.CO) · Financial Services · P/B 1.3, P/E 12.7 · also passes PL

🇫🇮 OMXH25 · 2 pass

  • Stora Enso (STERV.HE) · Consumer Cyclical · P/B 0.7, P/E 14.2
  • Tietoevry (TEM1V.HE) · Technology · P/B 1.2, P/E 12.3 · also passes JG

🇵🇹 PSI · 2 pass

  • Corticeira Amorim (COR.LS) · Basic Materials · P/B 1.3, P/E 17.2 · also passes PL, JG
  • REN (RENE.LS) · Utilities · P/B 1.5, P/E 11.6 · also passes JG

🇹🇼 Taiwan · 2 pass

  • Chang Hwa Bank (2801.TW) · Financial Services · P/B 1.4, P/E 16.6
  • Formosa Petrochemical (6505.TW) · Energy · P/B 1.5, P/E 13.6 · also passes JG

🇦🇺 ASX 20 · 1 pass

  • Sonic Healthcare (SHL.AX) · Healthcare · P/B 1.1, P/E 15.2 · also passes JG

🇱🇻 OMX Riga · 1 pass

  • SAF Tehnika (SAF1R.RG) · Technology · P/B 2.1, P/E 6.0 · also passes WB, JG

🇱🇹 OMX Vilnius · 1 pass

  • Ignitis Group (IGN1L.VS) · Utilities · P/B 0.6, P/E 9.7 · also passes JG

Expect this list to cluster in banks, insurers and commodity companies: that is not a bug, it is what a strict value screen does. The screen judges price against fundamentals; it does not judge sector risk, balance-sheet quality beyond book value, or why the market has priced a company low. That part is your job.

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