ASN Broker PCLBKK:ASN-R 55 Graham Number is ฿0.36 as of Mar. 2026, which is 100% below its 10-year median of 2.30. GuruFocus rates BKK:ASN-R with a GF Score™ of 55/100 and a GF Value™ of ฿1.52. The stock has 4 warning signs investors should review. Among 427 Insurance companies, ASN Broker PCL ranks worse than 87.82% 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 (2026-06-25), the stock price of ASN Broker PCL is ฿0.68. ASN Broker PCL's graham number for the quarter that ended in Mar. 2026 was ฿0.36. Therefore, ASN Broker PCL's Price to Graham Number ratio for today is 1.89.
The historical rank and industry rank for ASN Broker PCL's Graham Number or its related term are showing as below:
BKK:ASN-R'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.38 Med: 2.3 Max: 5
Current: 2.06
During the past 11 years, the highest Price to Graham Number ratio of ASN Broker PCL was 5.00. The lowest was 1.38. And the median was 2.30.
BKK:ASN-R's Price-to-Graham-Number is ranked worse than 87.82% of 427
companies
in the Insurance industry
Industry Median: 0.92
vs BKK:ASN-R: 2.06
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
ASN Broker PCL (BKK:ASN-R) 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.
ASN Broker PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.68
/
0.36
=
1.89
* 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.
ASN Broker PCL Graham Number Related Terms
ASN Broker PCL Graham Number Historical Data
* Premium members only.
The historical data trend for ASN Broker PCL'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.
BKK:ASN-R vs MRSH, AON, AJG: Graham Number Comparison
For the Insurance Brokers subindustry, ASN Broker PCL'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.
ASN Broker PCL Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, ASN Broker PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ASN Broker PCL'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.
ASN Broker PCL (BKK:ASN-R) has a Graham Number of ฿0.36 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ASN Broker PCL and its competitors. This is 84% below median its historical median of 2.30. Over the past decade, ASN Broker PCL's Graham Number has ranged from 1.38 to 5.00. According to the industry distribution chart, ASN Broker PCL ranks #375 out of 427 companies in the Insurance industry, placing it in the top 87.8%.
Is ASN Broker PCL's Graham Number too high?
ASN Broker PCL's current Graham Number of ฿0.36 is 84% below median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 5.00. Based on the distribution chart, ASN Broker PCL ranks #375 out of 427 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, ASN Broker PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's Graham Number compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #375 out of 427 companies for Graham Number. This places ASN Broker PCL in the lower half of its industry. The industry median Graham Number is 0.92. Historically, ASN Broker PCL's own Graham Number has ranged from 1.38 to 5.00 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 an Insurance company?
The median Graham Number among Insurance companies is 0.92, based on 427 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 ASN Broker PCL and its competitors. For the Insurance industry, the median Graham Number is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current Graham Number is ฿0.36, which is 84% below median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current Graham Number of ฿0.36. The stock's GF Value™ is ฿1.52, compared to a current price of ฿0.68 — trading 55.3% below its estimated fair value. The current Graham Number is ฿0.36, which is 84% below median its 10-year median of 2.30. ASN Broker PCL's overall GF Score™ is 55/100 with 4 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 ASN Broker PCL (BKK:ASN-R), the current Graham Number is ฿0.36 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?
Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 55.3% below its estimated GF Value™ of ฿1.52.
Key valuation signals for BKK:ASN-R:
Graham Number: ฿0.36 (84% below median its 10-year median of 2.30)
GF Value™: ฿1.52 vs. price of ฿0.68 (55.3% below fair value)
No single metric tells the full story. See the BKK:ASN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
55GF Score
Get the complete analysis for BKK:ASN-R
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
BKK:ASN-R has been successfully added to your 
