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Aspen GroupASPU -6.64%42 Graham Number is $0.74 as of Jan. 2026, which is 270% above its 10-year median of 0.20. GuruFocus rates ASPU with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 160 Education companies, Aspen Group ranks better than 83.75% 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 (2026-08-12), the stock price of Aspen Group is $0.30. Aspen Group's graham number for the quarter that ended in Jan. 2026 was $0.74. Therefore, Aspen Group's Price to Graham Number ratio for today is 0.35.
The historical rank and industry rank for Aspen Group's Graham Number or its related term are showing as below:
ASPU'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.2 Med: 0.2 Max: 0.45
Current: 0.41
During the past 12 years, the highest Price to Graham Number ratio of Aspen Group was 0.45. The lowest was 0.20. And the median was 0.20.
ASPU's Price-to-Graham-Number is ranked better than 83.75% of 160
companies
in the Education industry
Industry Median: 1.175
vs ASPU: 0.41
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Aspen Group (OTCPK:ASPU) 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.
Aspen Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jan. 2026 )
=
0.30
/
0.86
=
0.35
* 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.
Aspen Group Graham Number Related Terms
Aspen Group Graham Number Historical Data
* Premium members only.
The historical data trend for Aspen 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 Education & Training Services subindustry, Aspen 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.
Aspen Group Price-to-Graham-Number vs Education Industry
For the Education industry and Consumer Defensive sector, Aspen Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Aspen 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.
Aspen Group (ASPU) has a Graham Number of $0.74 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Aspen Group and its competitors. This is 270% above median its historical median of 0.20. Over the past decade, Aspen Group's Graham Number has ranged from 0.20 to 0.45. According to the industry distribution chart, Aspen Group ranks #26 out of 160 companies in the Education industry, placing it in the top 16.2%.
Is Aspen Group's Graham Number too high?
Aspen Group's current Graham Number of $0.74 is 270% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.45. The Education industry median Graham Number is 1.18. Aspen Group's value of $0.74 is 37% below this industry median. Based on the distribution chart, Aspen Group ranks #26 out of 160 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Aspen Group has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Aspen Group's Graham Number compare to VSA and WAFU?
According to the Education industry distribution chart, Aspen Group ranks #26 out of 160 companies for Graham Number. This places Aspen Group in the top 16% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.18. Aspen Group's value of $0.74 is 37% below this benchmark. Historically, Aspen Group's own Graham Number has ranged from 0.20 to 0.45 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.18, Aspen Group has consistently been below 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 Education company?
The median Graham Number among Education companies is 1.18, based on 160 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. Aspen Group's current Graham Number of $0.74 is 37% below 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 Aspen Group and its competitors. For the Education industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Group's current Graham Number is $0.74, which is 270% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Group stock overvalued right now?
Aspen Group (ASPU) has a current Graham Number of $0.74. The current Graham Number is $0.74, which is 270% above median its 10-year median of 0.20 and 37% below the Education industry median of 1.18. Aspen Group's overall GF Score™ is 42/100 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 Aspen Group (ASPU), the current Graham Number is $0.74 as of Jan. 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.
Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to offer Associate, Bachelor's, Master's, and Doctoral degree programs that span multiple programs of study with a concentrated focus on nursing. The schools at its universities include; the School of Nursing and Health Sciences; School of Education; and School of Business and Technology. The company offers affordable tuition and flexible financing solutions to students, to deliver on its vision of making college education affordable again.
42GF Score
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