Vista Group InternationalASX:VGL -1.48%82 Graham Number is A$0.10 as of Dec. 2025, which is 100% below its 10-year median of 4.77. GuruFocus rates ASX:VGL with a GF Score™ of 82/100 and a GF Value™ of A$2.29 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,468 Software companies, Vista Group International ranks worse than 98.43% 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.
The historical rank and industry rank for Vista Group International's Graham Number or its related term are showing as below:
ASX:VGL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.71 Med: 4.77 Max: 21.67
Current: 20
During the past 12 years, the highest Price to Graham Number ratio of Vista Group International was 21.67. The lowest was 1.71. And the median was 4.77.
ASX:VGL's Price-to-Graham-Number is ranked worse than 98.43% of 1468
companies
in the Software industry
Industry Median: 1.85
vs ASX:VGL: 20.00
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Vista Group International (ASX:VGL) 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.
Vista Group International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.00
/
0.10
=
20.01
* 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.
Vista Group International Graham Number Related Terms
Vista Group International Graham Number Historical Data
* 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:VGL vs UBER, SHOP, CRM: Graham Number Comparison
For the Software - Application subindustry, Vista Group International'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.
Vista Group International Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Vista Group International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Vista Group International'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.
Vista Group International (ASX:VGL) has a Graham Number of A$0.10 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vista Group International and its competitors. This is 98% below median its historical median of 4.77. Over the past decade, Vista Group International's Graham Number has ranged from 1.71 to 21.67. According to the industry distribution chart, Vista Group International ranks #1445 out of 1468 companies in the Software industry, placing it in the top 98.4%.
Is Vista Group International's Graham Number too high?
Vista Group International's current Graham Number of A$0.10 is 98% below median its 10-year median of 4.77. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 21.67. Based on the distribution chart, Vista Group International ranks #1445 out of 1468 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Vista Group International has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vista Group International's Graham Number compare to UBER and SHOP?
According to the Software industry distribution chart, Vista Group International ranks #1445 out of 1468 companies for Graham Number. This places Vista Group International in the lower half of its industry. The industry median Graham Number is 1.85. Historically, Vista Group International's own Graham Number has ranged from 1.71 to 21.67 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 Software company?
The median Graham Number among Software companies is 1.85, based on 1,468 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 Vista Group International and its competitors. For the Software industry, the median Graham Number is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vista Group International's current Graham Number is A$0.10, which is 98% below median its own 10-year median of 4.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vista Group International stock overvalued right now?
Based on GuruFocus' analysis, Vista Group International (ASX:VGL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.29, compared to a current price of A$2.00 — trading 12.7% below its estimated fair value. The current Graham Number is A$0.10, which is 98% below median its 10-year median of 4.77. Vista Group International's overall GF Score™ is 82/100 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 Vista Group International (ASX:VGL), the current Graham Number is A$0.10 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 Vista Group International (ASX:VGL) Overvalued in 2026?
Based on GuruFocus' analysis, Vista Group International stock appears to be undervalued.
The current stock price of A$2.00 is trading 12.7% below its estimated GF Value™ of A$2.29.
GuruFocus considers Vista Group International to be Modestly Undervalued.
Key valuation signals for ASX:VGL:
Graham Number: A$0.10 (98% below median its 10-year median of 4.77)
GF Value™: A$2.29 vs. price of A$2.00 (12.7% below fair value)
No single metric tells the full story. See the ASX:VGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vista Group International Ltd provides software and technology solutions across the global film industry sectors of distribution, exhibition, and the end consumer, moviegoers. The principal activity is the sale, support, and associated development of software for the film industry. The company operates in the vertical cinema/film market in the following reportable segments namely the Cinema segment and Film segment. The company has offices in New Zealand, with additional offices located in Sydney, Cape Town, London, Amsterdam, Beijing, Shanghai, Kuala Lumpur, Los Angeles, and Mexico City.
82GF Score
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