BlueVenture Group PCL (BKK:BVG) Graham Number: ฿2.08 (As of Mar. 2026) — 41% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

BKK:BVG BlueVenture Group PCL BKK:BVG
86 GF Score
Price ฿1.72
GF Value ฿2.97
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is BlueVenture Group PCL Graham Number?

BlueVenture Group PCL BKK:BVG 86 Graham Number is ฿2.08 as of Mar. 2026, which is 100% below its 10-year median of 1.47. GuruFocus rates BKK:BVG with a GF Score™ of 86/100 and a GF Value™ of ฿2.97 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,475 Software companies, BlueVenture Group PCL ranks better than 84.61% 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 (2026-08-03), the stock price of BlueVenture Group PCL is ฿1.72. BlueVenture Group PCL's graham number for the quarter that ended in Mar. 2026 was ฿2.08. Therefore, BlueVenture Group PCL's Price to Graham Number ratio for today is 0.83.

The historical rank and industry rank for BlueVenture Group PCL's Graham Number or its related term are showing as below:

BKK:BVG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.77   Med: 1.47   Max: 3.73
Current: 0.83

During the past 7 years, the highest Price to Graham Number ratio of BlueVenture Group PCL was 3.73. The lowest was 0.77. And the median was 1.47.

BKK:BVG's Price-to-Graham-Number is ranked better than
84.61% of 1475 companies
in the Software industry
Industry Median: 1.87 vs BKK:BVG: 0.83

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


BlueVenture Group PCL  (BKK:BVG) 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.

BlueVenture Group PCL's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=1.72/2.08
=0.83

* 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.


BlueVenture Group PCL Graham Number Related Terms


BlueVenture Group PCL Graham Number Historical Data

* Premium members only.

The historical data trend for BlueVenture Group 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.

BlueVenture Group PCL Graham Number Chart

BlueVenture Group PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 1.09 1.29 2.22 1.89 2.06

BlueVenture Group PCL 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 1.82 1.96 2.04 2.06 2.08

BKK:BVG vs QH, SHOP, UBER: Graham Number Comparison

For the Software - Application subindustry, BlueVenture Group 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.


BlueVenture Group PCL Price-to-Graham-Number vs Software Industry

For the Software industry and Technology sector, BlueVenture Group PCL's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where BlueVenture Group PCL's Price-to-Graham-Number falls into.


BKK:BVG
86GF Score
BlueVenture Group PCL BKK:BVG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlueVenture Group PCL Graham Number Calculation

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

BlueVenture Group PCL'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*1.348*0.14)
=2.06

BlueVenture Group PCL'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*1.367*0.14)
=2.08

* 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 ฿2.08 mean?
BlueVenture Group PCL (BKK:BVG) has a Graham Number of ฿2.08 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on BlueVenture Group PCL and its competitors. This is 41% above median its historical median of 1.47. Over the past decade, BlueVenture Group PCL's Graham Number has ranged from 0.77 to 3.73. According to the industry distribution chart, BlueVenture Group PCL ranks #227 out of 1475 companies in the Software industry, placing it in the top 15.4%.
Is BlueVenture Group PCL's Graham Number too high?
BlueVenture Group PCL's current Graham Number of ฿2.08 is 41% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 3.73. Based on the distribution chart, BlueVenture Group PCL ranks #227 out of 1475 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, BlueVenture Group PCL has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlueVenture Group PCL's Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, BlueVenture Group PCL ranks #227 out of 1475 companies for Graham Number. This places BlueVenture Group PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.87. Historically, BlueVenture Group PCL's own Graham Number has ranged from 0.77 to 3.73 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 1.87, based on 1,475 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 BlueVenture Group PCL and its competitors. For the Software industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlueVenture Group PCL's current Graham Number is ฿2.08, which is 41% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlueVenture Group PCL stock overvalued right now?
Based on GuruFocus' analysis, BlueVenture Group PCL (BKK:BVG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿2.97, compared to a current price of ฿1.72 — trading 42.1% below its estimated fair value. The current Graham Number is ฿2.08, which is 41% above median its 10-year median of 1.47. BlueVenture Group PCL's overall GF Score™ is 86/100 with 3 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 BlueVenture Group PCL (BKK:BVG), the current Graham Number is ฿2.08 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 BlueVenture Group PCL (BKK:BVG) Overvalued in 2026?

Based on GuruFocus' analysis, BlueVenture Group PCL stock appears to be undervalued. The current stock price of ฿1.72 is trading 42.1% below its estimated GF Value™ of ฿2.97. GuruFocus considers BlueVenture Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:BVG:

  • Graham Number: ฿2.08 (41% above median its 10-year median of 1.47)
  • GF Value™: ฿2.97 vs. price of ฿1.72 (42.1% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


BlueVenture Group PCL Business Description

Address North Sathorn Road, No. 100/22 Sathorn Nakorn Tower, 15th floor, Silom, Bangrak, Bangkok, THA, 10500
BlueVenture Group PCL provide consultant services related to repair, loss and claim survey for motor vehicles, provide management services and consulting regarding medical benefits and claims management, provide actuarial consulting services, provide development services and provide platform and applications for non-life insurance, life insurance, and other companies.
86GF Score

Get the complete analysis for BKK:BVG

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

฿1.72
Price
฿2.97
GF Value