Ratch Group PCLBKK:RATCH 59 Graham Number is ฿48.25 as of Mar. 2026, which is 100% below its 10-year median of 0.81. GuruFocus rates BKK:RATCH with a GF Score™ of 59/100 and a GF Value™ of ฿27.38 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 413 Utilities - Regulated companies, Ratch Group PCL ranks better than 75.54% 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 (2026-07-01), the stock price of Ratch Group PCL is ฿31.50. Ratch Group PCL's graham number for the quarter that ended in Mar. 2026 was ฿48.25. Therefore, Ratch Group PCL's Price to Graham Number ratio for today is 0.65.
The historical rank and industry rank for Ratch Group PCL's Graham Number or its related term are showing as below:
BKK:RATCH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 0.81 Max: 1.21
Current: 0.65
During the past 13 years, the highest Price to Graham Number ratio of Ratch Group PCL was 1.21. The lowest was 0.52. And the median was 0.81.
BKK:RATCH's Price-to-Graham-Number is ranked better than 75.54% of 413
companies
in the Utilities - Regulated industry
Industry Median: 1.12
vs BKK:RATCH: 0.65
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Ratch Group PCL (BKK:RATCH) 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.
Ratch 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 )
=
31.50
/
48.25
=
0.65
* 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.
Ratch Group PCL Graham Number Related Terms
Ratch Group PCL Graham Number Historical Data
* Premium members only.
The historical data trend for Ratch 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.
BKK:RATCH vs NEE, SO, DUK: Graham Number Comparison
For the Utilities - Regulated Electric subindustry, Ratch 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.
Ratch Group PCL Price-to-Graham-Number vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ratch Group 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.
Ratch Group PCL (BKK:RATCH) has a Graham Number of ฿48.25 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ratch Group PCL and its competitors. This is 5857% above median its historical median of 0.81. Over the past decade, Ratch Group PCL's Graham Number has ranged from 0.52 to 1.21. According to the industry distribution chart, Ratch Group PCL ranks #101 out of 413 companies in the Utilities - Regulated industry, placing it in the top 24.5%.
Is Ratch Group PCL's Graham Number too high?
Ratch Group PCL's current Graham Number of ฿48.25 is 5857% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.21. Based on the distribution chart, Ratch Group PCL ranks #101 out of 413 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Ratch Group PCL has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Graham Number compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #101 out of 413 companies for Graham Number. This places Ratch Group PCL in the top 25% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.12. Historically, Ratch Group PCL's own Graham Number has ranged from 0.52 to 1.21 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 Utilities - Regulated company?
The median Graham Number among Utilities - Regulated companies is 1.12, based on 413 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Graham Number is ฿48.25, which is 5857% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿27.38, compared to a current price of ฿31.50 — trading 15% above its estimated fair value. The current Graham Number is ฿48.25, which is 5857% above median its 10-year median of 0.81. Ratch Group PCL's overall GF Score™ is 59/100 with 8 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 Ratch Group PCL (BKK:RATCH), the current Graham Number is ฿48.25 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿31.50 is trading 15% above its estimated GF Value™ of ฿27.38.
GuruFocus considers Ratch Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:RATCH:
Graham Number: ฿48.25 (5857% above median its 10-year median of 0.81)
GF Value™: ฿27.38 vs. price of ฿31.50 (15% above fair value)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
59GF Score
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