Experience CoASX:EXP Graham Number is A$0.09 as of Dec. 2025, which is 100% below its 10-year median of 1.85. The stock has 9 warning signs investors should review. Among 495 Travel & Leisure companies, Experience Co ranks better than 70.91% 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 (2026-07-06), the stock price of Experience Co is A$0.077. Experience Co's graham number for the quarter that ended in Dec. 2025 was A$0.09. Therefore, Experience Co's Price to Graham Number ratio for today is 0.88.
The historical rank and industry rank for Experience Co's Graham Number or its related term are showing as below:
ASX:EXP'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85 Med: 1.85 Max: 2.48
Current: 0.86
During the past 11 years, the highest Price to Graham Number ratio of Experience Co was 2.48. The lowest was 0.85. And the median was 1.85.
ASX:EXP's Price-to-Graham-Number is ranked better than 70.91% of 495
companies
in the Travel & Leisure industry
Industry Median: 1.25
vs ASX:EXP: 0.86
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Experience Co (ASX:EXP) 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.
Experience Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.077
/
0.09
=
0.88
* 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.
Experience Co Graham Number Related Terms
Experience Co Graham Number Historical Data
* Premium members only.
The historical data trend for Experience Co'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 Leisure subindustry, Experience Co'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.
Experience Co Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Experience Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Experience Co'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.
Experience Co (ASX:EXP) has a Graham Number of A$0.09 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Experience Co and its competitors. This is 95% below median its historical median of 1.85. Over the past decade, Experience Co's Graham Number has ranged from 0.85 to 2.48. According to the industry distribution chart, Experience Co ranks #144 out of 495 companies in the Travel & Leisure industry, placing it in the top 29.1%.
Is Experience Co's Graham Number too high?
Experience Co's current Graham Number of A$0.09 is 95% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.48. Based on the distribution chart, Experience Co ranks #144 out of 495 companies in the Travel & Leisure industry, which is above the industry midpoint.
How does Experience Co's Graham Number compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Experience Co ranks #144 out of 495 companies for Graham Number. This puts Experience Co in the upper half of its industry. The industry median Graham Number is 1.25. Historically, Experience Co's own Graham Number has ranged from 0.85 to 2.48 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.25, based on 495 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 Experience Co and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Experience Co's current Graham Number is A$0.09, which is 95% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Experience Co stock overvalued right now?
Based on GuruFocus' analysis, Experience Co (ASX:EXP) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.16, compared to a current price of A$0.08 — trading 51.9% below its estimated fair value. The current Graham Number is A$0.09, which is 95% below median its 10-year median of 1.85. 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 Experience Co (ASX:EXP), the current Graham Number is A$0.09 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.
Experience Co Ltd operates as an adventure tourism company that engages in the provision of adventure tourism and leisure experiences to the public. The firm offers sky-diving, island day trips, reef tours, rainforest tours, and multi-day experiences in Australia and New Zealand. The company segment includes Skydiving, Adventure Experiences and Corporate. The company generates the majority of its revenue from the Adventure Experiences segment. Geographically the company generates the majority from Australia.
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