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AIA GroupAAIGF +4.74%59 Graham Number is $7.66 as of Dec. 2025, which is 439% above its 10-year median of 1.42. GuruFocus rates AAIGF with a GF Score™ of 59/100 and a GF Value™ of $9.52 (Fairly Valued). The stock has 2 warning signs investors should review. Among 427 Insurance companies, AIA Group ranks worse than 71.43% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-26), the stock price of AIA Group is $10.254. AIA Group's graham number for the quarter that ended in Dec. 2025 was $7.66. Therefore, AIA Group's Price to Graham Number ratio for today is 1.34.
The historical rank and industry rank for AIA Group's Graham Number or its related term are showing as below:
AAIGF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.17 Med: 1.42 Max: 1.71
Current: 1.31
During the past 13 years, the highest Price to Graham Number ratio of AIA Group was 1.71. The lowest was 0.17. And the median was 1.42.
AAIGF's Price-to-Graham-Number is ranked worse than 71.43% of 427
companies
in the Insurance industry
Industry Median: 0.94
vs AAIGF: 1.31
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
AIA Group (OTCPK:AAIGF) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
AIA Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
10.254
/
7.66
=
1.34
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
AIA Group Graham Number Related Terms
AIA Group Graham Number Historical Data
* Premium members only.
The historical data trend for AIA Group's Graham Number can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Life subindustry, AIA Group's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AIA Group Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, AIA Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AIA Group's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AIA Group (AAIGF) has a Graham Number of $7.66 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on AIA Group and its competitors. This is 439% above median its historical median of 1.42. Over the past decade, AIA Group's Graham Number has ranged from 0.17 to 1.71. According to the industry distribution chart, AIA Group ranks #305 out of 427 companies in the Insurance industry, placing it in the top 71.4%.
Is AIA Group's Graham Number too high?
AIA Group's current Graham Number of $7.66 is 439% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.71. The Insurance industry median Graham Number is 0.94. AIA Group's value of $7.66 is 714.9% above this industry median. Based on the distribution chart, AIA Group ranks #305 out of 427 companies in the Insurance industry, which is below the industry midpoint. Overall, AIA Group has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AIA Group's Graham Number compare to AFL and MET?
According to the Insurance industry distribution chart, AIA Group ranks #305 out of 427 companies for Graham Number. This places AIA Group in the lower half of its industry. The industry median Graham Number is 0.94. AIA Group's value of $7.66 is 714.9% above this benchmark. Historically, AIA Group's own Graham Number has ranged from 0.17 to 1.71 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 0.94, AIA Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Insurance company?
The median Graham Number among Insurance companies is 0.94, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIA Group's current Graham Number of $7.66 is 714.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on AIA Group and its competitors. For the Insurance industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIA Group's current Graham Number is $7.66, which is 439% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIA Group stock overvalued right now?
Based on GuruFocus' analysis, AIA Group (AAIGF) is currently considered Fairly Valued. The stock's GF Value™ is $9.52, compared to a current price of $10.25 — trading 7.7% above its estimated fair value. The current Graham Number is $7.66, which is 439% above median its 10-year median of 1.42 and 714.9% above the Insurance industry median of 0.94. AIA Group's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For AIA Group (AAIGF), the current Graham Number is $7.66 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AIA Group (AAIGF) Overvalued in 2026?
Based on GuruFocus' analysis, AIA Group stock appears to be overvalued.
The current stock price of $10.25 is trading 7.7% above its estimated GF Value™ of $9.52.
GuruFocus considers AIA Group to be Fairly Valued.
Key valuation signals for AAIGF:
Graham Number: $7.66 (439% above median its 10-year median of 1.42)
GF Value™: $9.52 vs. price of $10.25 (7.7% above fair value)
Industry Position: 714.9% above the Insurance median (#305 of 427)
No single metric tells the full story. See the AAIGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headquartered in Hong Kong, AIA stands as one of the largest pan-Asian life insurance providers, offering a diversified portfolio of products spanning retirement savings plans, life insurance, and accident and health coverage. Formerly a subsidiary of American International Group, the company spun off and listed independently on the Hong Kong Stock Exchange in 2010. Beyond individual customers, AIA also delivers employee benefits, credit life, and pension services to corporate clients. With operations across 18 markets, the insurer serves more than 30 million individual policyholders and over 16 million members participating in group insurance schemes.
59GF Score
Get the complete analysis for AAIGF
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