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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 (2026-09-05), the stock price of Indara Insurance PCL is ฿48.25. Indara Insurance PCL's graham number for the quarter that ended in Jun. 2026 was ฿N/A. Therefore, Indara Insurance PCL's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Indara Insurance PCL's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Indara Insurance PCL was 6.46. The lowest was 0.14. And the median was 0.83.
BKK:INSURE-R's Price-to-Graham-Number is not ranked *
in the Insurance industry.
Industry Median: 0.93 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Indara Insurance PCL (BKK:INSURE-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.
Indara Insurance PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
48.25
/
N/A
=
N/A
* 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.
Indara Insurance PCL Graham Number Related Terms
Indara Insurance PCL Graham Number Historical Data
* Premium members only.
The historical data trend for Indara Insurance 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:INSURE-R vs CB, PGR, TRV: Graham Number Comparison
For the Insurance - Property & Casualty subindustry, Indara Insurance 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.
Indara Insurance PCL Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Indara Insurance PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Indara Insurance 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.
Indara Insurance PCL (BKK:INSURE-R) has a Graham Number of ฿N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Indara Insurance PCL and its competitors. According to the industry distribution chart, Indara Insurance PCL ranks #999999 out of 422 companies in the Insurance industry.
Is Indara Insurance PCL's Graham Number too high?
Indara Insurance PCL's current Graham Number is ฿N/A. Based on the distribution chart, Indara Insurance PCL ranks #999999 out of 422 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Indara Insurance PCL has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Indara Insurance PCL's Graham Number compare to CB and PGR?
According to the Insurance industry distribution chart, Indara Insurance PCL ranks #999999 out of 422 companies for Graham Number. This places Indara Insurance PCL in the lower half of its industry. The industry median Graham Number is 0.93. 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 0.93, based on 422 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 Indara Insurance PCL and its competitors. For the Insurance industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indara Insurance PCL's current Graham Number is ฿N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indara Insurance PCL stock overvalued right now?
Indara Insurance PCL (BKK:INSURE-R) has a current Graham Number of ฿N/A. The stock's GF Value™ is ฿126.46, compared to a current price of ฿48.25 — trading 61.8% below its estimated fair value. The current Graham Number is ฿N/A. Indara Insurance PCL's overall GF Score™ is 53/100 with 1 warning sign 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 Indara Insurance PCL (BKK:INSURE-R), the current Graham Number is ฿N/A as of Jun. 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 Indara Insurance PCL (BKK:INSURE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Indara Insurance PCL stock appears to be undervalued.
The current stock price of ฿48.25 is trading 61.8% below its estimated GF Value™ of ฿126.46.
Key valuation signals for BKK:INSURE-R:
Graham Number: ฿N/A
GF Value™: ฿126.46 vs. price of ฿48.25 (61.8% below fair value)
No single metric tells the full story. See the BKK:INSURE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indara Insurance PCL is a Thailand-based company engaged in the provision of non-life insurance. The company operates in business segments: Motor and Others such as Property, Marine and transportation, Accident and health and Miscellaneous insurance. Majority of revenue is from Motor. The company operates mainly in Thailand. Its Individual Insurance involves Car insurance, Accident and health insurance, Travel insurance, and Home insurance. Its Business Insurance includes: Engineering Insurance, Cargo and hull insurance, Property insurance, and Other insurance.
53GF Score
Get the complete analysis for BKK:INSURE-R
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