Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Super Retail GroupASX:SUL -1.48%80 Graham Number is A$6.14 as of Dec. 2025, which is 100% below its 10-year median of 2.08. GuruFocus rates ASX:SUL with a GF Score™ of 80/100 and a GF Value™ of A$15.67 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 762 Retail - Cyclical companies, Super Retail Group ranks worse than 73.23% 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 (2026-07-31), the stock price of Super Retail Group is A$13.31. Super Retail Group's graham number for the quarter that ended in Dec. 2025 was A$6.14. Therefore, Super Retail Group's Price to Graham Number ratio for today is 2.17.
The historical rank and industry rank for Super Retail Group's Graham Number or its related term are showing as below:
ASX:SUL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.27 Med: 2.08 Max: 30.14
Current: 2.17
During the past 13 years, the highest Price to Graham Number ratio of Super Retail Group was 30.14. The lowest was 1.27. And the median was 2.08.
ASX:SUL's Price-to-Graham-Number is ranked worse than 73.23% of 762
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs ASX:SUL: 2.17
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Super Retail Group (ASX:SUL) 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.
Super Retail Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
13.31
/
6.14
=
2.17
* 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.
Super Retail Group Graham Number Related Terms
Super Retail Group Graham Number Historical Data
* Premium members only.
The historical data trend for Super Retail 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:SUL vs CASY, WSM, ULTA: Graham Number Comparison
For the Specialty Retail subindustry, Super Retail 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.
Super Retail Group Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Super Retail Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Super Retail 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.
Super Retail Group (ASX:SUL) has a Graham Number of A$6.14 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Super Retail Group and its competitors. This is 195% above median its historical median of 2.08. Over the past decade, Super Retail Group's Graham Number has ranged from 1.27 to 30.14. According to the industry distribution chart, Super Retail Group ranks #558 out of 762 companies in the Retail - Cyclical industry, placing it in the top 73.2%.
Is Super Retail Group's Graham Number too high?
Super Retail Group's current Graham Number of A$6.14 is 195% above median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 30.14. Based on the distribution chart, Super Retail Group ranks #558 out of 762 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Super Retail Group has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Retail Group's Graham Number compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Super Retail Group ranks #558 out of 762 companies for Graham Number. This places Super Retail Group in the lower half of its industry. The industry median Graham Number is 1.24. Historically, Super Retail Group's own Graham Number has ranged from 1.27 to 30.14 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.24, based on 762 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 Super Retail Group and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Retail Group's current Graham Number is A$6.14, which is 195% above median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Retail Group stock overvalued right now?
Based on GuruFocus' analysis, Super Retail Group (ASX:SUL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$15.67, compared to a current price of A$13.31 — trading 15.1% below its estimated fair value. The current Graham Number is A$6.14, which is 195% above median its 10-year median of 2.08. Super Retail Group's overall GF Score™ is 80/100 with 3 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 Super Retail Group (ASX:SUL), the current Graham Number is A$6.14 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 Super Retail Group (ASX:SUL) Overvalued in 2026?
Based on GuruFocus' analysis, Super Retail Group stock appears to be undervalued.
The current stock price of A$13.31 is trading 15.1% below its estimated GF Value™ of A$15.67.
GuruFocus considers Super Retail Group to be Modestly Undervalued.
Key valuation signals for ASX:SUL:
Graham Number: A$6.14 (195% above median its 10-year median of 2.08)
GF Value™: A$15.67 vs. price of A$13.31 (15.1% below fair value)
No single metric tells the full story. See the ASX:SUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Retail operates in Australia and New Zealand selling auto parts, sporting goods, and outdoor leisure equipment. The group generates revenue of close to AUD 4 billion. There are generally a handful of larger players in each category in which the firm operates, with Super Retail the market leader in all three categories. The firm is growing organically, by expanding its physical store network and building its e-commerce capabilities. The last meaningful acquisitions were sporting goods retailer Rebel in fiscal 2012 and outdoor specialist Macpac in 2018.
80GF Score
Get the complete analysis for ASX:SUL
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:SUL has been successfully added to your 
