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Storage King GroupASX:SKG 56 Graham Number is A$2.94 as of Dec. 2025, which is 100% below its 10-year median of 0.53. GuruFocus rates ASX:SKG with a GF Score™ of 56/100 and a GF Value™ of A$1.26 (Fairly Valued). The stock has 5 warning signs investors should review. Among 727 REITs companies, Storage King Group ranks better than 85.83% 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 Storage King Group is A$1.29. Storage King Group's graham number for the quarter that ended in Dec. 2025 was A$2.94. Therefore, Storage King Group's Price to Graham Number ratio for today is 0.44.
The historical rank and industry rank for Storage King Group's Graham Number or its related term are showing as below:
ASX:SKG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.44 Med: 0.53 Max: 1.55
Current: 0.44
During the past 5 years, the highest Price to Graham Number ratio of Storage King Group was 1.55. The lowest was 0.44. And the median was 0.53.
ASX:SKG's Price-to-Graham-Number is ranked better than 85.83% of 727
companies
in the REITs industry
Industry Median: 0.74
vs ASX:SKG: 0.44
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Storage King Group (ASX:SKG) 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.
Storage King Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.29
/
2.94
=
0.44
* 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.
Storage King Group Graham Number Related Terms
Storage King Group Graham Number Historical Data
* Premium members only.
The historical data trend for Storage King 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:SKG vs PLD, PSA, EXR: Graham Number Comparison
For the REIT - Industrial subindustry, Storage King 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.
Storage King Group Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Storage King Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Storage King 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.
Storage King Group (ASX:SKG) has a Graham Number of A$2.94 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Storage King Group and its competitors. This is 455% above median its historical median of 0.53. Over the past decade, Storage King Group's Graham Number has ranged from 0.44 to 1.55. According to the industry distribution chart, Storage King Group ranks #103 out of 727 companies in the REITs industry, placing it in the top 14.2%.
Is Storage King Group's Graham Number too high?
Storage King Group's current Graham Number of A$2.94 is 455% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.55. Based on the distribution chart, Storage King Group ranks #103 out of 727 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Storage King Group has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Storage King Group's Graham Number compare to PLD and PSA?
According to the REITs industry distribution chart, Storage King Group ranks #103 out of 727 companies for Graham Number. This places Storage King Group in the top 14% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.74. Historically, Storage King Group's own Graham Number has ranged from 0.44 to 1.55 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 727 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 Storage King Group and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Storage King Group's current Graham Number is A$2.94, which is 455% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storage King Group stock overvalued right now?
Based on GuruFocus' analysis, Storage King Group (ASX:SKG) is currently considered Fairly Valued. The stock's GF Value™ is A$1.26, compared to a current price of A$1.29 — trading 2.4% above its estimated fair value. The current Graham Number is A$2.94, which is 455% above median its 10-year median of 0.53. Storage King Group's overall GF Score™ is 56/100 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 Storage King Group (ASX:SKG), the current Graham Number is A$2.94 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 Storage King Group (ASX:SKG) Overvalued in 2026?
Based on GuruFocus' analysis, Storage King Group stock appears to be overvalued.
The current stock price of A$1.29 is trading 2.4% above its estimated GF Value™ of A$1.26.
GuruFocus considers Storage King Group to be Fairly Valued.
Key valuation signals for ASX:SKG:
Graham Number: A$2.94 (455% above median its 10-year median of 0.53)
GF Value™: A$1.26 vs. price of A$1.29 (2.4% above fair value)
No single metric tells the full story. See the ASX:SKG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
56GF Score
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