Sunbelt Rentals HoldingsASHGY +1.17%49 Graham Number is $22.42 as of Apr. 2026, which is 630% above its 10-year median of 3.07. GuruFocus rates ASHGY with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 698 Business Services companies, Sunbelt Rentals Holdings ranks worse than 84.96% 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 Sunbelt Rentals Holdings's Graham Number or its related term are showing as below:
ASHGY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.94 Med: 3.07 Max: 3.07
Current: 2.95
During the past 13 years, the highest Price to Graham Number ratio of Sunbelt Rentals Holdings was 3.07. The lowest was 2.94. And the median was 3.07.
ASHGY's Price-to-Graham-Number is ranked worse than 84.96% of 698
companies
in the Business Services industry
Industry Median: 1.17
vs ASHGY: 2.95
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Sunbelt Rentals Holdings (OTCPK:ASHGY) 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.
Sunbelt Rentals Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
72.75
/
22.42
=
3.25
* 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.
Sunbelt Rentals Holdings Graham Number Related Terms
Sunbelt Rentals Holdings 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 Rental & Leasing Services subindustry, Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings (ASHGY) has a Graham Number of $22.42 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sunbelt Rentals Holdings and its competitors. This is 630% above median its historical median of 3.07. Over the past decade, Sunbelt Rentals Holdings' Graham Number has ranged from 2.94 to 3.07. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #593 out of 698 companies in the Business Services industry, placing it in the top 85%.
Is Sunbelt Rentals Holdings' Graham Number too high?
Sunbelt Rentals Holdings' current Graham Number of $22.42 is 630% above median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 3.07. The Business Services industry median Graham Number is 1.17. Sunbelt Rentals Holdings' value of $22.42 is 1816.2% above this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #593 out of 698 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Sunbelt Rentals Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Graham Number compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #593 out of 698 companies for Graham Number. This places Sunbelt Rentals Holdings in the lower half of its industry. The industry median Graham Number is 1.17. Sunbelt Rentals Holdings' value of $22.42 is 1816.2% above this benchmark. Historically, Sunbelt Rentals Holdings' own Graham Number has ranged from 2.94 to 3.07 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 1.17, Sunbelt Rentals Holdings 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 a Business Services company?
The median Graham Number among Business Services companies is 1.17, based on 698 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. Sunbelt Rentals Holdings's current Graham Number of $22.42 is 1816.2% 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 Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Graham Number is $22.42, which is 630% above median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Graham Number of $22.42. The current Graham Number is $22.42, which is 630% above median its 10-year median of 3.07 and 1816.2% above the Business Services industry median of 1.17. Sunbelt Rentals Holdings' overall GF Score™ is 49/100 with 4 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 Sunbelt Rentals Holdings (ASHGY), the current Graham Number is $22.42 as of Apr. 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.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
49GF Score
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