BGLAF (BioGaia AB) Graham Number: $3.23 (As of Mar. 2026) — 18% Below Median


BGLAF BioGaia AB BGLAF
100 GF Score
Price $12.20
GF Value $12.95
Valuation Fairly Valued
! 5 Warning Signs
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What is BioGaia AB Graham Number?

BioGaia AB BGLAF 100 Graham Number is $3.23 as of Mar. 2026, which is 18% below its 10-year median of 3.92. GuruFocus rates BGLAF with a GF Score™ of 100/100 and a GF Value™ of $12.95 (Fairly Valued). The stock has 5 warning signs investors should review. Among 600 Drug Manufacturers companies, BioGaia AB ranks worse than 86.67% 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 (2026-07-05), the stock price of BioGaia AB is $12.20. BioGaia AB's graham number for the quarter that ended in Mar. 2026 was $3.23. Therefore, BioGaia AB's Price to Graham Number ratio for today is 3.78.

The historical rank and industry rank for BioGaia AB's Graham Number or its related term are showing as below:

BGLAF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.19   Med: 3.92   Max: 6.73
Current: 3.97

During the past 13 years, the highest Price to Graham Number ratio of BioGaia AB was 6.73. The lowest was 2.19. And the median was 3.92.

BGLAF's Price-to-Graham-Number is ranked worse than
86.67% of 600 companies
in the Drug Manufacturers industry
Industry Median: 1.53 vs BGLAF: 3.97

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


BioGaia AB  (OTCPK:BGLAF) 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.

BioGaia AB's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=12.20/3.23
=3.78

* 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.


BioGaia AB Graham Number Related Terms


BioGaia AB Graham Number Historical Data

* Premium members only.

The historical data trend for BioGaia AB'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.

BioGaia AB Graham Number Chart

BioGaia AB 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 2.96 3.30 3.79 3.20 3.15

BioGaia AB 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 3.22 2.55 2.81 3.09 3.23

BGLAF vs ZTS, UTHR: Graham Number Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, BioGaia AB'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.


BioGaia AB Price-to-Graham-Number vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, BioGaia AB's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where BioGaia AB's Price-to-Graham-Number falls into.


BGLAF
100GF Score
BioGaia AB BGLAF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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BioGaia AB Graham Number Calculation

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

BioGaia AB'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*1.241*0.356)
=3.15

BioGaia AB'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*1.327*0.349)
=3.23

* 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 $3.23 mean?
BioGaia AB (BGLAF) has a Graham Number of $3.23 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on BioGaia AB and its competitors. This is 18% below median its historical median of 3.92. Over the past decade, BioGaia AB's Graham Number has ranged from 2.19 to 6.73. According to the industry distribution chart, BioGaia AB ranks #520 out of 600 companies in the Drug Manufacturers industry, placing it in the top 86.7%.
Is BioGaia AB's Graham Number too high?
BioGaia AB's current Graham Number of $3.23 is 18% below median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 6.73. The Drug Manufacturers industry median Graham Number is 1.53. BioGaia AB's value of $3.23 is 111.1% above this industry median. Based on the distribution chart, BioGaia AB ranks #520 out of 600 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, BioGaia AB has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BioGaia AB's Graham Number compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, BioGaia AB ranks #520 out of 600 companies for Graham Number. This places BioGaia AB in the lower half of its industry. The industry median Graham Number is 1.53. BioGaia AB's value of $3.23 is 111.1% above this benchmark. Historically, BioGaia AB's own Graham Number has ranged from 2.19 to 6.73 over the past decade. While the company's 10-year median is 3.92 vs. the industry median of 1.53, BioGaia AB has consistently been above the industry average. 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 Drug Manufacturers company?
The median Graham Number among Drug Manufacturers companies is 1.53, based on 600 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. BioGaia AB's current Graham Number of $3.23 is 111.1% above the industry median. 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 BioGaia AB and its competitors. For the Drug Manufacturers industry, the median Graham Number is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BioGaia AB's current Graham Number is $3.23, which is 18% below median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BioGaia AB stock overvalued right now?
Based on GuruFocus' analysis, BioGaia AB (BGLAF) is currently considered Fairly Valued. The stock's GF Value™ is $12.95, compared to a current price of $12.20 — trading 5.8% below its estimated fair value. The current Graham Number is $3.23, which is 18% below median its 10-year median of 3.92 and 111.1% above the Drug Manufacturers industry median of 1.53. BioGaia AB's overall GF Score™ is 100/100 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 BioGaia AB (BGLAF), the current Graham Number is $3.23 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.

Is BioGaia AB (BGLAF) Overvalued in 2026?

Based on GuruFocus' analysis, BioGaia AB stock appears to be undervalued. The current stock price of $12.20 is trading 5.8% below its estimated GF Value™ of $12.95. GuruFocus considers BioGaia AB to be Fairly Valued.

Key valuation signals for BGLAF:

  • Graham Number: $3.23 (18% below median its 10-year median of 3.92)
  • GF Value™: $12.95 vs. price of $12.20 (5.8% below fair value)
  • GF Score™: 100/100 with 5 warning signs
  • Industry Position: 111.1% above the Drug Manufacturers median (#520 of 600)

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


BioGaia AB Business Description

Address Kungsbroplan 3A, Stockholm, SWE, SE-112 27
BioGaia AB is a healthcare company engaged in developing, marketing, and selling probiotic products. The company has three operating segments; Paediatrics segment includes drops, gut health tablets, oral rehydration solution (ORS) and cultures to be used as ingredients in licensee products such as infant formula, as well as royalty revenue for pediatric products, Adult Health segment includes gut health tablets, oral health lozenges and cultures as an ingredient in a licensee's dairy products, and Other segment include royalties in respect of development projects, revenue from packaging solutions in the subsidiary CapAble, etc. Geographically, it operates in three regions: EMEA, the Americas, and APAC (Asia-Pacific, Australia, and New Zealand).
100GF Score

Get the complete analysis for BGLAF

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

$12.20
Price
$12.95
GF Value