GDI Property Group (ASX:GDI) Graham Number: A$1.48 (As of Dec. 2025) — 139% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:GDI GDI Property Group ASX:GDI
56 GF Score
Price A$0.62
GF Value A$0.79
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is GDI Property Group Graham Number?

GDI Property Group ASX:GDI -0.81% 56 Graham Number is A$1.48 as of Dec. 2025, which is 100% below its 10-year median of 0.62. GuruFocus rates ASX:GDI with a GF Score™ of 56/100 and a GF Value™ of A$0.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,172 Real Estate companies, GDI Property Group ranks better than 80.12% 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 (2026-07-14), the stock price of GDI Property Group is A$0.615. GDI Property Group's graham number for the quarter that ended in Dec. 2025 was A$1.48. Therefore, GDI Property Group's Price to Graham Number ratio for today is 0.42.

The historical rank and industry rank for GDI Property Group's Graham Number or its related term are showing as below:

ASX:GDI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34   Med: 0.62   Max: 1.32
Current: 0.42

During the past 11 years, the highest Price to Graham Number ratio of GDI Property Group was 1.32. The lowest was 0.34. And the median was 0.62.

ASX:GDI's Price-to-Graham-Number is ranked better than
80.12% of 1172 companies
in the Real Estate industry
Industry Median: 0.74 vs ASX:GDI: 0.42

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


GDI Property Group  (ASX:GDI) 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.

GDI Property Group's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.615/1.48
=0.42

* 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.


GDI Property Group Graham Number Related Terms


GDI Property Group Graham Number Historical Data

* Premium members only.

The historical data trend for GDI Property 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.

GDI Property Group Graham Number Chart

GDI Property Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 2.67 0.94 0.00 1.45

GDI Property Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.00 1.17 1.45 1.48

ASX:GDI vs CBRE, BEKE, JLL: Graham Number Comparison

For the Real Estate Services subindustry, GDI Property 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.


GDI Property Group Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, GDI Property Group's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where GDI Property Group's Price-to-Graham-Number falls into.


ASX:GDI
56GF Score
GDI Property Group ASX:GDI
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GDI Property Group Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

GDI Property Group's Graham Number for the fiscal year that ended in Jun. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.206*0.077)
=1.45

GDI Property Group's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.332*0.073)
=1.48

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of A$1.48 mean?
GDI Property Group (ASX:GDI) has a Graham Number of A$1.48 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on GDI Property Group and its competitors. This is 139% above median its historical median of 0.62. Over the past decade, GDI Property Group's Graham Number has ranged from 0.34 to 1.32. According to the industry distribution chart, GDI Property Group ranks #233 out of 1172 companies in the Real Estate industry, placing it in the top 19.9%.
Is GDI Property Group's Graham Number too high?
GDI Property Group's current Graham Number of A$1.48 is 139% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.32. Based on the distribution chart, GDI Property Group ranks #233 out of 1172 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, GDI Property Group has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GDI Property Group's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GDI Property Group ranks #233 out of 1172 companies for Graham Number. This places GDI Property Group in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.74. Historically, GDI Property Group's own Graham Number has ranged from 0.34 to 1.32 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,172 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 GDI Property Group and its competitors. For the Real Estate 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. GDI Property Group's current Graham Number is A$1.48, which is 139% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDI Property Group stock overvalued right now?
Based on GuruFocus' analysis, GDI Property Group (ASX:GDI) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.79, compared to a current price of A$0.62 — trading 22.2% below its estimated fair value. The current Graham Number is A$1.48, which is 139% above median its 10-year median of 0.62. GDI Property 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 GDI Property Group (ASX:GDI), the current Graham Number is A$1.48 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 GDI Property Group (ASX:GDI) Overvalued in 2026?

Based on GuruFocus' analysis, GDI Property Group stock appears to be undervalued. The current stock price of A$0.62 is trading 22.2% below its estimated GF Value™ of A$0.79. GuruFocus considers GDI Property Group to be Modestly Undervalued.

Key valuation signals for ASX:GDI:

  • Graham Number: A$1.48 (139% above median its 10-year median of 0.62)
  • GF Value™: A$0.79 vs. price of A$0.62 (22.2% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the ASX:GDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GDI Property Group Business Description

Address 56 Pitt Street, Level 23, Sydney, NSW, AUS, 2000
GDI Property Group is a property owner and fund manager. It is an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of office and industrial properties. The Trust is internally managed and owns a portfolio of office properties across Australia. The Group has two operating segments, property investment, funds management and Co-living JV Operation of income producing co-living accommodation facilities. The Portfolio comprises three wholly-owned properties in CBD locations namely, Mill Green Complex; Goulburn Street; Cavill Avenue. The company owns an established funds business which, in addition to managing the Trust, manages unlisted and unregistered managed investment schemes.
56GF Score

Get the complete analysis for ASX:GDI

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.62
Price
A$0.79
GF Value