T_ReportDate

T_ReportAbstrac t

Graham

T_Analyst

& Graham85891111
2002582010920Top20
100010427.3332.33%1.04

2010-10-15

fuqiang@essence.com.cn
S1450209090269

02168765076

01066581652

chaizz@essence.com.cn

Top2062%Top20
58%

20 10 -04 -2 7

20 09 -06 -2 6

20 09 -01 -2 2

20 08 -08 -2 1

20 08 -03 -2 6

20 07 -10 -2 5

20 07 -05 -2 9

20 06 -12 -1 9

20 06 -07 -2 1

20 06 -02 -2 2

20 09 -11 -2 5

15 66 .6 7

10 32 .8 8
20 05 -09 -1 3

20048112010920100011010
Graham209643.95
Pearson0.251%

3 39 1. 72

20 05 -04 -1 5

3 72 5. 4

365 3. 1

20 04 -11 -1 2

200312201092010010004164.95
Graham2010611.37

7 41 9. 41

20 04 -06 -1 6

20 04 -01 -0 7

2007115201092050010002291.99
Graham205293.65

1 04 27 .3 3

20 03 -08 -0 8

G ra ha m20

13 00 0
12 00 0
11 00 0
10 00 0
9 00 0
8 00 0
7 00 0
6 00 0
5 00 0
4 00 0
3 00 0
2 00 0
1 00 0
0
20 03 -03 -1 0

10Top10,Top20Top50

20 02 -09 -2 7

Graham8
58911112002
582010920Top20100010427.33
32.33%1.04Top201000
9118.29,30.22%1.03
5.5%

20 02 -05 -0 8

T_RelatedReport

Piotroski

Top2063%
63%

T_Analysts

Top2020032009

02168765076

fuqiang@essence.com.cn

075582558010 changkf@essence.com.cn

075582558015 rentong@essence.com.cn

01066581652

02168765295

chaizz@essence.com.cn

panfan@essence.com.cn

075582558031

wuzl2@essence.com.cn

Benjamin Graham Benjamin Grossbaum1894

5 9 Columbia
Graham-Newman

Jean-Marie
Eveillard, Warren Buffett, William J. Ruane, Irving Kahn, Hani M.
Anklis Walter J. Schloss Buffet, Graham
Graham Buffet
Howard Graham Buffett(Howard Buffet
)Graham Irving Kahn Thomas
Graham KahnGraham Dodd Security Analysis
Intelligent InvestorBuffet
Intelligent Investor 1 Graham

1 Graham

Graham

Graham Graham
A

1. 3
2. 3
3.EPS
1.3
4 12 10
5 1
6PE 25
7PE*PB 50
8>1
9
5 8 9 1 11 1
4 8
10 3 1
1
2002 5 8 2002
2000
2000 2000 2001
2002
2 20
20
2002 5 8 1000 2010 9 20 9118.29
1566.67 2356.14
A
8

Gr a ha m 20

3 65 3 .1

1 03 2 .8 8

2 01 0 -0 4 -2 7

2010-09-17

2010-04-29

1032.88

2009-12-04

2009-07-14

2009-02-23

2008-09-23

2008-05-07

2007-12-10

2007-07-19

2007-02-27

2006-09-26

Graham20

2 00 9 -1 1 -2 5

2 00 9 -0 6 -2 6

2 00 9 -0 1 -2 2

2 00 8 -0 8 -2 1

2 00 8 -0 3 -2 6

2 00 7 -1 0 -2 5

2 00 7 -0 5 -2 9

2 00 6 -1 2 -1 9

2006-05-12

2005-12-08

2005-07-19

2005-02-25

2004-09-24

2004-05-12

2003-12-09

2003-07-18

2003-02-24

2002-09-20

2002-05-08

12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
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11 0 00
10 0 00
9 0 00
8 0 00
7 0 00
6 0 00
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3 0 00
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2 00 5 -0 4 -1 5

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2 00 4 -0 1 -0 7

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2 00 2 -0 9 -2 7

2 00 2 -0 5 -0 8

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3 Top20

1 0 42 7 .3 3

74 1 9. 4 1

37 2 5. 4

33 9 1. 7 2

1 56 6 .6 7

2007-08-07

2007-12-28

2008-05-28

2008-10-22

2009-03-18

2009-08-07

2009-12-31

2010-05-28

2007-08-24

2008-01-21

2008-06-19

2008-11-13

2009-04-13

2009-09-02

2010-01-28

2010-06-30

2007-03-15

2006-10-18

2005-12-21

2005-07-29

2005-03-08

2004-10-11

2004-05-19

2003-12-15

2003-07-23

2003-02-26

2002-09-23

2002-05-08

2006-05-26

Graham10
Graham20
Graham50

12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0

2007-04-02

2006-11-02

2006-01-05

2005-08-10

2005-03-17

2004-10-19

2004-05-26

2003-12-19

2003-07-28

2003-02-28

2002-09-24

2002-05-08

2006-06-09

Graham10
Graham20
Graham50

14000
13000
12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0

4 Top10Top20 Top50
10
5
6 Top20 500 500 2007
1 15
500

7 Top20 100 100

5

100
8 Top20

Top20 Pearson 0.25

1%
1 Top10Top20 Top50

30%
5.5% 1
6 Top20 500
Graham20
500

7000
6000
5000
4000
3000
2000
1000
0

5293.65

2010-07-26

2010-05-21

2010-03-19

2010-01-12

2009-11-11

2009-09-03

2009-07-06

2009-05-04

2009-03-02

2008-12-22

2008-10-22

2008-08-14

2008-06-16

2008-04-11

2008-02-04

2007-12-03

2007-09-26

2007-07-27

2007-05-29

2007-03-22

2007-01-15

2291.99

7 Top20 100
Graham
100R

13000
12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0

2010-07-06

2010-02-22

2009-09-30

2009-05-22

2009-01-06

2008-08-20

2008-04-10

2007-11-23

2007-07-12

2007-02-28

2006-10-12

2006-05-31

2006-01-06

2005-08-23

2005-04-11

2004-11-23

2004-07-12

2004-02-27

2003-10-10

2003-05-29

2003-01-02

4164.95

10611.37

8 Top20
12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0

11010

Graham20 equally weighted

2010-08-11

2010-04-11

2009-12-11

2009-08-11

2009-04-11

2008-12-11

2008-08-11

2008-04-11

2007-12-11

2007-08-11

2007-04-11

2006-12-11

2006-08-11

2006-04-11

2005-12-11

2005-08-11

2005-04-11

2004-12-11

2004-08-11

9643.95

1
Graham10

Graham20

Graham50

30.19

33.23

30.22

32.33

36.5022

37.3403

36.3555

37.2864

36.2288 37.0562 28.0370

1.0042

1.0404

1.0287

1.0399

0.9904

9102.87 11041.02

9118.29

28.84

31.28

5.5

1.0153 0.0000

10427.33 8337.61 9755.78 1566.67

9 Top20
62% 10 Top20 58%
11 Top20 63% 12
63% 13 Top20

2003 2009

-10

-20

2009-07-31
2009-12-31
2010-05-31

2009-12-31
2010-05-31

2007-11-30

2007-06-29

2007-01-31

2006-08-31

2006-03-31

2005-10-31

2009-07-31

2009-02-27

10

2009-02-27

20

2008-09-26

Graham20

2008-09-26

10 Top20
2008-04-30

2008-04-30

2007-11-30

2007-06-29

2007-01-31

2006-08-31

2006-03-31

2005-10-31

30

2005-05-31

2004-12-31

2004-07-30

2004-02-27

2003-09-30

2003-04-30

2002-11-29

30

2005-05-31

2004-12-31

2004-07-30

2004-02-27

2003-09-30

2003-04-30

2002-11-29

-20
2002-06-28

-10

2002-06-28

9Top20
Graham20

20

10

-10

-20

-30

-40

-50

2009-09-30
2010-03-31
2010-09-20

2009-09-30
2010-03-31
2010-09-20

2006-09-29

2006-03-31

2005-09-30

2005-03-31

2004-09-30

2004-03-31

2003-09-30

2009-03-31

2009-03-31

10
2008-09-26

20

2008-09-26

30
2008-03-31

Graham20

2008-03-31

50
2007-09-28

12 Top20

2007-09-28

2007-03-30

-50

2007-03-30

2006-09-29

2006-03-31

2005-09-30

2005-03-31

2004-09-30

40

2004-03-31

-40
2003-03-31

50

2003-09-30

-30

2003-03-31

-20

2002-09-27

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2002-09-27

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10

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290
240
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2006
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2007
2008
2009
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T_AuthorI nfo

, ,
1998
2002

CFA2010 1

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