Im certain im missing something...
For Pfizer, it's written:
" [ ... ] A percentage rating by each of Graham's defensive investment criteria. Defensive Graham investment requires that all ratings be 100% or more."
However, we later see [ ... ]:
Graham Number ÷ Previous Close: 69.02%
Of course, 69% is below 100%, and 137% is required for Enterprising. So im just curious what aspect i have misunderstood that has allowed Pfizer a "Defensive" rating?
Thank you so much for you time. :)