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Amer SportsAS -3.17%68 Graham Number is $8.96 as of Jun. 2026. GuruFocus rates AS with a GF Score™ of 68/100 and a GF Value™ of $37.34 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 503 Travel & Leisure companies, Amer Sports ranks worse than 82.5% 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 (2026-09-18), the stock price of Amer Sports is $26.27. Amer Sports's graham number for the quarter that ended in Jun. 2026 was $8.96. Therefore, Amer Sports's Price to Graham Number ratio for today is 2.78.
The historical rank and industry rank for Amer Sports's Graham Number or its related term are showing as below:
AS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.8 Med: 8.25 Max: 13.71
Current: 2.8
During the past 6 years, the highest Price to Graham Number ratio of Amer Sports was 13.71. The lowest was 2.80. And the median was 8.25.
AS's Price-to-Graham-Number is ranked worse than 82.5% of 503
companies
in the Travel & Leisure industry
Industry Median: 1.22
vs AS: 2.80
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Amer Sports's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
26.27
/
9.47
=
2.78
* 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.
Amer Sports Graham Number Related Terms
Amer Sports Graham Number Historical Data
* Premium members only.
The historical data trend for Amer Sports'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 Leisure subindustry, Amer Sports'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.
Amer Sports Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Amer Sports'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.
Amer Sports (AS) has a Graham Number of $8.96 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Amer Sports and its competitors. According to the industry distribution chart, Amer Sports ranks #415 out of 503 companies in the Travel & Leisure industry, placing it in the top 82.5%.
Is Amer Sports' Graham Number too high?
Amer Sports' current Graham Number is $8.96. The Travel & Leisure industry median Graham Number is 1.22. Amer Sports' value of $8.96 is 634.4% above this industry median. Based on the distribution chart, Amer Sports ranks #415 out of 503 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Amer Sports has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amer Sports' Graham Number compare to HAS and LTH?
According to the Travel & Leisure industry distribution chart, Amer Sports ranks #415 out of 503 companies for Graham Number. This places Amer Sports in the lower half of its industry. The industry median Graham Number is 1.22. Amer Sports' value of $8.96 is 634.4% above this benchmark. 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 1.22, based on 503 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. Amer Sports's current Graham Number of $8.96 is 634.4% 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 Amer Sports and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amer Sports's current Graham Number is $8.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amer Sports stock overvalued right now?
Based on GuruFocus' analysis, Amer Sports (AS) is currently considered Significantly Undervalued. The stock's GF Value™ is $37.34, compared to a current price of $26.27 — trading 29.6% below its estimated fair value. The current Graham Number is $8.96 and 634.4% above the Travel & Leisure industry median of 1.22. Amer Sports' overall GF Score™ is 68/100 with 1 warning sign 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 Amer Sports (AS), the current Graham Number is $8.96 as of Jun. 2026. 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 Amer Sports (AS) Overvalued in 2026?
Based on GuruFocus' analysis, Amer Sports stock appears to be undervalued.
The current stock price of $26.27 is trading 29.6% below its estimated GF Value™ of $37.34.
GuruFocus considers Amer Sports to be Significantly Undervalued.
Key valuation signals for AS:
Graham Number: $8.96
GF Value™: $37.34 vs. price of $26.27 (29.6% below fair value)
Industry Position: 634.4% above the Travel & Leisure median (#415 of 503)
No single metric tells the full story. See the AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $6.6 billion in 2025. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2025, the firm generated 32% of its revenue from the Americas, 28% from Europe, the Middle East, and Africa, 28% from China, and 12% from the Asia-Pacific, excluding China.
68GF Score
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