Wagners Holding Co (ASX:WGN) Graham Number: A$1.85 (As of Dec. 2025) — Near Median

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Vera Yuan
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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:WGN Wagners Holding Co Ltd ASX:WGN
64 GF Score
Price A$4.27
GF Value A$0.96
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Wagners Holding Co Graham Number?

Wagners Holding Co ASX:WGN +0.71% 64 Graham Number is A$1.85 as of Dec. 2025, which is 100% below its 10-year median of 1.94. GuruFocus rates ASX:WGN with a GF Score™ of 64/100 and a GF Value™ of A$0.96 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 286 Building Materials companies, Wagners Holding Co ranks worse than 82.87% 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 (2026-08-15), the stock price of Wagners Holding Co is A$4.27. Wagners Holding Co's graham number for the quarter that ended in Dec. 2025 was A$1.85. Therefore, Wagners Holding Co's Price to Graham Number ratio for today is 2.31.

The historical rank and industry rank for Wagners Holding Co's Graham Number or its related term are showing as below:

ASX:WGN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69   Med: 1.94   Max: 6.05
Current: 2.31

During the past 8 years, the highest Price to Graham Number ratio of Wagners Holding Co was 6.05. The lowest was 0.69. And the median was 1.94.

ASX:WGN's Price-to-Graham-Number is ranked worse than
82.87% of 286 companies
in the Building Materials industry
Industry Median: 0.99 vs ASX:WGN: 2.31

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


Wagners Holding Co  (ASX:WGN) 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.

Wagners Holding Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=4.27/1.85
=2.31

* 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.


Wagners Holding Co Graham Number Related Terms


Wagners Holding Co Graham Number Historical Data

* Premium members only.

The historical data trend for Wagners Holding 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.

Wagners Holding Co Graham Number Chart

Wagners Holding Co Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Graham Number
Get a 7-Day Free Trial 0.82 0.74 0.44 1.08 1.42

Wagners Holding Co Semi-Annual Data
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 0.87 1.11 1.32 1.42 1.85

ASX:WGN vs CRH, VMC, MLM: Graham Number Comparison

For the Building Materials subindustry, Wagners Holding 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.


Wagners Holding Co Price-to-Graham-Number vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Wagners Holding Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Wagners Holding Co's Price-to-Graham-Number falls into.


ASX:WGN
64GF Score
Wagners Holding Co Ltd ASX:WGN
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wagners Holding Co Graham Number Calculation

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

Wagners Holding Co'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*0.811*0.111)
=1.42

Wagners Holding Co'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*0.983*0.155)
=1.85

* 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$1.85 mean?
Wagners Holding Co (ASX:WGN) has a Graham Number of A$1.85 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Wagners Holding Co and its competitors. This is near median its historical median of 1.94. Over the past decade, Wagners Holding Co's Graham Number has ranged from 0.69 to 6.05. According to the industry distribution chart, Wagners Holding Co ranks #237 out of 286 companies in the Building Materials industry, placing it in the top 82.9%.
Is Wagners Holding Co's Graham Number too high?
Wagners Holding Co's current Graham Number of A$1.85 is near median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 6.05. Based on the distribution chart, Wagners Holding Co ranks #237 out of 286 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Wagners Holding Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wagners Holding Co's Graham Number compare to CRH and VMC?
According to the Building Materials industry distribution chart, Wagners Holding Co ranks #237 out of 286 companies for Graham Number. This places Wagners Holding Co in the lower half of its industry. The industry median Graham Number is 0.99. Historically, Wagners Holding Co's own Graham Number has ranged from 0.69 to 6.05 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 Building Materials company?
The median Graham Number among Building Materials companies is 0.99, based on 286 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 Wagners Holding Co and its competitors. For the Building Materials industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wagners Holding Co's current Graham Number is A$1.85, which is near median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wagners Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Wagners Holding Co (ASX:WGN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.96, compared to a current price of A$4.27 — trading 344.8% above its estimated fair value. The current Graham Number is A$1.85, which is near median its 10-year median of 1.94. Wagners Holding Co's overall GF Score™ is 64/100 with 2 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 Wagners Holding Co (ASX:WGN), the current Graham Number is A$1.85 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 Wagners Holding Co (ASX:WGN) Overvalued in 2026?

Based on GuruFocus' analysis, Wagners Holding Co stock appears to be overvalued. The current stock price of A$4.27 is trading 344.8% above its estimated GF Value™ of A$0.96. GuruFocus considers Wagners Holding Co to be Significantly Overvalued.

Key valuation signals for ASX:WGN:

  • Graham Number: A$1.85 (near median its 10-year median of 1.94)
  • GF Value™: A$0.96 vs. price of A$4.27 (344.8% above fair value)
  • GF Score™: 64/100 with 2 warning signs

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


Wagners Holding Co Business Description

Other Exchanges 0W7:Germany
Address 1511 Toowoomba-Cecil Plains Road, 11 Ballera Court, P.O. Box 151, Drayton North, Wellcamp, QLD, AUS, 4350
Wagners Holding Co Ltd is an Australian construction materials provider. It produces and sells construction materials through its Composite Fibre Technologies and Earth Friendly Concrete business. It's segment includes Construction Materials, Project Services, Composite Fibre Technology, Earth Friendly Concrete, and others. The company generates the majority of its revenue from the Construction Materials segment, which supplies a range of construction materials predominantly to customers in the construction, infrastructure, and resources industries. Its projects include roads and tunnels, bridges, airports, mining and gas plants, dams and others.
64GF Score

Get the complete analysis for ASX:WGN

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

A$4.27
Price
A$0.96
GF Value