Does the earnings growth of the country (re https://www.serenitystocks.com/blog/adjusting-benjamin-grahams-price-calculations-today AND https://www.serenitystocks.com/blog/value-investing-across-countries-and-economies) affect the intrinsic value so it drops to around the 60% level for defensive and enterprising UK stocks (70% for US)?
So would it be correct to say intrinsic price for BWY.L is 44.42 GBP, so it needs to be multiplied by 140% before it reaches up-to-date levels, and the IV% to correct itself by 40% (144.6% to 184.6%)?
It looks fairly easy to understand, but I just wanted to make sure because increasing a stock's worth by almost half is quite a lot if it's interpreted incorrectly.
Does this also mean that UK stocks available on the Classic Graham Screener between 70-60% do class as "buys" after adjustment? TATE.L IV% - 65.97 would become 105.97%, for instance.