FYI....
The Tensile strength of grade 8 bolts/studs is:
150,000 lbs. per square inch
Grade 8 bolts are designated as a 150 ksi. This means its tensile strength or the resistance it has before it is subject to breaking under tension is equal to 150,000 lbs. per square inch.
One KSI or Kips per square inch = 1000 PSI.
The torque value is dependent on size and grade of the fastener and bolt involved. For example, all 1/2" dismeter bolts no not have the same maximum torque, tensile strength or yield point.
Not to get "preachie", but the torque value and the YIELD point of the fastener, referred to previously as "stretch" are similar terms but related to the grade of the fastener used.
To determine the yield point, or stretch, of a bolt or stud, a fastener of the size you want to use is tested by simulating a bolting application. A bolt is placed in a plate with just the threads exposed an threading on a corresponding nut and to begin tightening the nut with a beam style torque wrench. Continue to tighten the nut, until the the torque increases to the point where the torque required to turn the nut stops increasing. The bolt is now at its yield point. To be safe, take 70% of this torque reading as the maxinum value the particular diameter and grade of fastener should be torqued to. Thread pitch, coarse threads vs fine threads, in addition to bolting material also influence in clamping force of the fastener can provide.
There are several different interpretations with regard to the diameter and grade of the fastner and corresponding nut, on the intetnet. If you're curious as to the derivation, I would be happy to show and explain the differences. Just my opinion of course.
BOB RENTON