Intrinsic Value is the price corresponding to a stock's Graham Grade: Defensive, Enterprising or NCAV.
Intrinsic Value(%) is Intrinsic Value ÷ Previous Close, expressed as a percentage.
Defensive Price (Graham №):
Enterprising Price (Serenity №):
MSFT clears Graham's qualitative criteria for the Enterprising investment grade. Therefore, its Intrinsic Value is equivalent to its Enterprising Price. However, MSFT's Intrinsic Value(%) evaluates to less than 100% — 10.65% — because its Previous Close is higher than its Intrinsic Value. But Graham also required his Intrinsic Value calculations to be adjusted for current bond yields.