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AJ Lucas GroupASX:AJL Graham Number is A$N/A as of Dec. 2025. The stock has 5 warning signs investors should review. Among 427 Steel companies, AJ Lucas Group ranks worse than 234191.8% 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 (2026-08-08), the stock price of AJ Lucas Group is A$0.008. AJ Lucas Group's graham number for the quarter that ended in Dec. 2025 was A$N/A. Therefore, AJ Lucas Group's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for AJ Lucas Group's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of AJ Lucas Group was 0.37. The lowest was 0.19. And the median was 0.28.
ASX:AJL's Price-to-Graham-Number is not ranked *
in the Steel industry.
Industry Median: 0.97 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
AJ Lucas Group (ASX:AJL) 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.
AJ Lucas Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.008
/
N/A
=
N/A
* 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.
AJ Lucas Group Graham Number Related Terms
AJ Lucas Group Graham Number Historical Data
* Premium members only.
The historical data trend for AJ Lucas 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.
ASX:AJL vs HCC, AMR, SXC: Graham Number Comparison
For the Coking Coal subindustry, AJ Lucas 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.
AJ Lucas Group Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, AJ Lucas Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AJ Lucas 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.
AJ Lucas Group (ASX:AJL) has a Graham Number of A$N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on AJ Lucas Group and its competitors. Over the past decade, AJ Lucas Group's Graham Number has ranged from 0.19 to 0.37. According to the industry distribution chart, AJ Lucas Group ranks #999999 out of 427 companies in the Steel industry.
Is AJ Lucas Group's Graham Number too high?
AJ Lucas Group's current Graham Number is A$N/A. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.37. Based on the distribution chart, AJ Lucas Group ranks #999999 out of 427 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does AJ Lucas Group's Graham Number compare to HCC and AMR?
According to the Steel industry distribution chart, AJ Lucas Group ranks #999999 out of 427 companies for Graham Number. This places AJ Lucas Group in the lower half of its industry. The industry median Graham Number is 0.97. Historically, AJ Lucas Group's own Graham Number has ranged from 0.19 to 0.37 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 Steel company?
The median Graham Number among Steel companies is 0.97, 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. 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 AJ Lucas Group and its competitors. For the Steel industry, the median Graham Number is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Lucas Group's current Graham Number is A$N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Lucas Group stock overvalued right now?
Based on GuruFocus' analysis, AJ Lucas Group (ASX:AJL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 20% below its estimated fair value. The current Graham Number is A$N/A. 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 AJ Lucas Group (ASX:AJL), the current Graham Number is A$N/A 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.
AJ Lucas Group Ltd is a provider of drilling services to the Australian coal industry, and an operator, through its subsidiary Cuadrilla Resources Holdings Limited, of exploration and appraisal of conventional and unconventional oil and gas prospects in the United Kingdom (UK). The Group is structured with two principal operating segments: Drilling (Australian operations) provides drilling services to the energy and resources sectors, but focuses on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines; Oil & Gas Operations (UK investments operations) include the Exploration of unconventional and conventional hydrocarbons in the UK. It generates the majority of revenue from the Australian Operations segment.
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