United Gulf Investment BSC (BAH:UGIC) Graham Number: BHD0.12 (As of Mar. 2026) — 71% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

What is United Gulf Investment BSC Graham Number?

United Gulf Investment BSC BAH:UGIC Graham Number is BHD0.12 as of Mar. 2026, which is 100% below its 10-year median of 0.42. The stock has 6 warning signs investors should review. Among 610 Metals & Mining companies, United Gulf Investment BSC ranks better than 91.8% 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 (2026-07-29), the stock price of United Gulf Investment BSC is BHD0.038. United Gulf Investment BSC's graham number for the quarter that ended in Mar. 2026 was BHD0.12. Therefore, United Gulf Investment BSC's Price to Graham Number ratio for today is 0.31.

The historical rank and industry rank for United Gulf Investment BSC's Graham Number or its related term are showing as below:

BAH:UGIC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.16   Med: 0.42   Max: 1.67
Current: 0.32

During the past 13 years, the highest Price to Graham Number ratio of United Gulf Investment BSC was 1.67. The lowest was 0.16. And the median was 0.42.

BAH:UGIC's Price-to-Graham-Number is ranked better than
91.8% of 610 companies
in the Metals & Mining industry
Industry Median: 1.25 vs BAH:UGIC: 0.32

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


United Gulf Investment BSC  (BAH:UGIC) 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.

United Gulf Investment BSC's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.038/0.12
=0.31

* 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.


United Gulf Investment BSC Graham Number Related Terms


United Gulf Investment BSC Graham Number Historical Data

* Premium members only.

The historical data trend for United Gulf Investment BSC'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.

United Gulf Investment BSC Graham Number Chart

United Gulf Investment BSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.21 0.16 0.12 0.08

United Gulf Investment BSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.06 0.06 0.00 0.08 0.12

United Gulf Investment BSC Graham Number Competitor Comparison

For the Other Industrial Metals & Mining subindustry, United Gulf Investment BSC'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.


United Gulf Investment BSC Price-to-Graham-Number vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, United Gulf Investment BSC's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where United Gulf Investment BSC's Price-to-Graham-Number falls into.



United Gulf Investment BSC Graham Number Calculation

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

United Gulf Investment BSC's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.16*0.002)
=0.08

United Gulf Investment BSC's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.162*0.004)
=0.12

* 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 BHD0.12 mean?
United Gulf Investment BSC (BAH:UGIC) has a Graham Number of BHD0.12 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on United Gulf Investment BSC and its competitors. This is 71% below median its historical median of 0.42. Over the past decade, United Gulf Investment BSC's Graham Number has ranged from 0.16 to 1.67. According to the industry distribution chart, United Gulf Investment BSC ranks #50 out of 610 companies in the Metals & Mining industry, placing it in the top 8.2%.
Is United Gulf Investment BSC's Graham Number too high?
United Gulf Investment BSC's current Graham Number of BHD0.12 is 71% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.67. Based on the distribution chart, United Gulf Investment BSC ranks #50 out of 610 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does United Gulf Investment BSC's Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, United Gulf Investment BSC ranks #50 out of 610 companies for Graham Number. This places United Gulf Investment BSC in the top 8% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.25. Historically, United Gulf Investment BSC's own Graham Number has ranged from 0.16 to 1.67 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.25, based on 610 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 United Gulf Investment BSC and its competitors. For the Metals & Mining 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. United Gulf Investment BSC's current Graham Number is BHD0.12, which is 71% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Gulf Investment BSC stock overvalued right now?
Based on GuruFocus' analysis, United Gulf Investment BSC (BAH:UGIC) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.04, compared to a current price of BHD0.04 — trading 5% below its estimated fair value. The current Graham Number is BHD0.12, which is 71% below median its 10-year median of 0.42. 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 United Gulf Investment BSC (BAH:UGIC), the current Graham Number is BHD0.12 as of Mar. 2026. 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.

United Gulf Investment BSC Business Description

Address Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR
United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes operating activities and Investment activities. The company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.