Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
National for Tourism HotelsADX:NCTH 69 Graham Number is د.إ2.52 as of Dec. 2025, which is 100% below its 10-year median of 0.84. GuruFocus rates ADX:NCTH with a GF Score™ of 69/100 and a GF Value™ of د.إ3.60 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 497 Travel & Leisure companies, National for Tourism Hotels ranks better than 84.51% 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.
The historical rank and industry rank for National for Tourism Hotels's Graham Number or its related term are showing as below:
ADX:NCTH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.84 Max: 1.36
Current: 0.6
During the past 13 years, the highest Price to Graham Number ratio of National for Tourism Hotels was 1.36. The lowest was 0.51. And the median was 0.84.
ADX:NCTH's Price-to-Graham-Number is ranked better than 84.51% of 497
companies
in the Travel & Leisure industry
Industry Median: 1.23
vs ADX:NCTH: 0.60
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
National for Tourism Hotels (ADX:NCTH) 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.
National for Tourism Hotels's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.50
/
2.52
=
0.60
* 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.
National for Tourism Hotels Graham Number Related Terms
National for Tourism Hotels Graham Number Historical Data
* 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 Lodging subindustry, National for Tourism Hotels'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.
National for Tourism Hotels Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, National for Tourism Hotels's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where National for Tourism Hotels'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.
National for Tourism Hotels (ADX:NCTH) has a Graham Number of د.إ2.52 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on National for Tourism Hotels and its competitors. This is 76% below median its historical median of 0.84. Over the past decade, National for Tourism Hotels' Graham Number has ranged from 0.51 to 1.36. According to the industry distribution chart, National for Tourism Hotels ranks #77 out of 497 companies in the Travel & Leisure industry, placing it in the top 15.5%.
Is National for Tourism Hotels' Graham Number too high?
National for Tourism Hotels' current Graham Number of د.إ2.52 is 76% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.36. Based on the distribution chart, National for Tourism Hotels ranks #77 out of 497 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, National for Tourism Hotels has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National for Tourism Hotels' Graham Number compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, National for Tourism Hotels ranks #77 out of 497 companies for Graham Number. This places National for Tourism Hotels in the top 16% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.23. Historically, National for Tourism Hotels' own Graham Number has ranged from 0.51 to 1.36 over the past decade. 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 a Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.23, based on 497 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. 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 National for Tourism Hotels and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National for Tourism Hotels's current Graham Number is د.إ2.52, which is 76% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National for Tourism Hotels stock overvalued right now?
Based on GuruFocus' analysis, National for Tourism Hotels (ADX:NCTH) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ3.60, compared to a current price of د.إ1.50 — trading 58.3% below its estimated fair value. The current Graham Number is د.إ2.52, which is 76% below median its 10-year median of 0.84. National for Tourism Hotels' overall GF Score™ is 69/100 with 5 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 National for Tourism Hotels (ADX:NCTH), the current Graham Number is د.إ2.52 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 National for Tourism Hotels (ADX:NCTH) Overvalued in 2026?
Based on GuruFocus' analysis, National for Tourism Hotels stock appears to be undervalued.
The current stock price of د.إ1.50 is trading 58.3% below its estimated GF Value™ of د.إ3.60.
GuruFocus considers National for Tourism Hotels to be Significantly Undervalued.
Key valuation signals for ADX:NCTH:
Graham Number: د.إ2.52 (76% below median its 10-year median of 0.84)
GF Value™: د.إ3.60 vs. price of د.إ1.50 (58.3% below fair value)
No single metric tells the full story. See the ADX:NCTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company operates through four main segments: Hotels, which provide room and food and beverage services to customers; Retail services, offering beverage sales to customers; Catering services, which deliver contract-based catering solutions; and Holding, responsible for managing the corporation's investments, overseeing hotel development and management, and coordinating overall corporate activities. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE).
69GF Score
Get the complete analysis for ADX:NCTH
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ADX:NCTH has been successfully added to your 
