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Bisalloy Steel GroupASX:BIS -2.08%71 Graham Number is A$3.69 as of Dec. 2025, which is 100% below its 10-year median of 0.81. GuruFocus rates ASX:BIS with a GF Score™ of 71/100 and a GF Value™ of A$3.49 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 423 Steel companies, Bisalloy Steel Group ranks worse than 62.17% 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 (2026-07-20), the stock price of Bisalloy Steel Group is A$4.24. Bisalloy Steel Group's graham number for the quarter that ended in Dec. 2025 was A$3.69. Therefore, Bisalloy Steel Group's Price to Graham Number ratio for today is 1.15.
The historical rank and industry rank for Bisalloy Steel Group's Graham Number or its related term are showing as below:
ASX:BIS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 0.81 Max: 2.19
Current: 1.15
During the past 13 years, the highest Price to Graham Number ratio of Bisalloy Steel Group was 2.19. The lowest was 0.56. And the median was 0.81.
ASX:BIS's Price-to-Graham-Number is ranked worse than 62.17% of 423
companies
in the Steel industry
Industry Median: 0.94
vs ASX:BIS: 1.15
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Bisalloy Steel Group (ASX:BIS) 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.
Bisalloy Steel Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
4.24
/
3.69
=
1.15
* 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.
Bisalloy Steel Group Graham Number Related Terms
Bisalloy Steel Group Graham Number Historical Data
* Premium members only.
The historical data trend for Bisalloy Steel 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:BIS vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Bisalloy Steel 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.
Bisalloy Steel Group Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Bisalloy Steel Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Bisalloy Steel 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.
Bisalloy Steel Group (ASX:BIS) has a Graham Number of A$3.69 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Bisalloy Steel Group and its competitors. This is 356% above median its historical median of 0.81. Over the past decade, Bisalloy Steel Group's Graham Number has ranged from 0.56 to 2.19. According to the industry distribution chart, Bisalloy Steel Group ranks #263 out of 423 companies in the Steel industry, placing it in the top 62.2%.
Is Bisalloy Steel Group's Graham Number too high?
Bisalloy Steel Group's current Graham Number of A$3.69 is 356% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 2.19. Based on the distribution chart, Bisalloy Steel Group ranks #263 out of 423 companies in the Steel industry, which is below the industry midpoint. Overall, Bisalloy Steel Group has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bisalloy Steel Group's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Bisalloy Steel Group ranks #263 out of 423 companies for Graham Number. This places Bisalloy Steel Group in the lower half of its industry. The industry median Graham Number is 0.94. Historically, Bisalloy Steel Group's own Graham Number has ranged from 0.56 to 2.19 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 0.94, based on 423 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 Bisalloy Steel Group and its competitors. For the Steel industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bisalloy Steel Group's current Graham Number is A$3.69, which is 356% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bisalloy Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Bisalloy Steel Group (ASX:BIS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.49, compared to a current price of A$4.24 — trading 21.5% above its estimated fair value. The current Graham Number is A$3.69, which is 356% above median its 10-year median of 0.81. Bisalloy Steel Group's overall GF Score™ is 71/100 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 Bisalloy Steel Group (ASX:BIS), the current Graham Number is A$3.69 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 Bisalloy Steel Group (ASX:BIS) Overvalued in 2026?
Based on GuruFocus' analysis, Bisalloy Steel Group stock appears to be overvalued.
The current stock price of A$4.24 is trading 21.5% above its estimated GF Value™ of A$3.49.
GuruFocus considers Bisalloy Steel Group to be Modestly Overvalued.
Key valuation signals for ASX:BIS:
Graham Number: A$3.69 (356% above median its 10-year median of 0.81)
GF Value™: A$3.49 vs. price of A$4.24 (21.5% above fair value)
No single metric tells the full story. See the ASX:BIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations.
71GF Score
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