Graham grade requires that all ratings — except the last three — be 100% or more.
Graham grade requires minimum ratings of — N/A, 75%, 90%, 50%, 5%, N/A, N/A, N/A and N/A.
NCAV or Net-Net(%)
is part of Graham's famed "cigar-butt"
strategy. For details, please see the Quick Reference
Equity ÷ Debt (for Utilities and Financials):