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.
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.
What is Banca Monte dei Paschi di Siena Graham Number?
Banca Monte dei Paschi di SienaBMDPF -5.56%45 Graham Number is $17.31 as of Mar. 2026, which is 9517% above its 10-year median of 0.18. GuruFocus rates BMDPF with a GF Score™ of 45/100 and a GF Value™ of $5.43 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,436 Banks companies, Banca Monte dei Paschi di Siena ranks better than 57.03% 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.
The historical rank and industry rank for Banca Monte dei Paschi di Siena's Graham Number or its related term are showing as below:
BMDPF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.86
Current: 0.81
During the past 13 years, the highest Price to Graham Number ratio of Banca Monte dei Paschi di Siena was 0.86. The lowest was 0.04. And the median was 0.18.
BMDPF's Price-to-Graham-Number is ranked better than 57.03% of 1436
companies
in the Banks industry
Industry Median: 0.81
vs BMDPF: 0.81
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Banca Monte dei Paschi di Siena (OTCPK:BMDPF) 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.
Banca Monte dei Paschi di Siena's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
12.645
/
17.31
=
0.73
* 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.
Banca Monte dei Paschi di Siena Graham Number Related Terms
Banca Monte dei Paschi di Siena Graham Number Historical Data
* 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.
Banca Monte dei Paschi di Siena Graham Number Chart
Banca Monte dei Paschi di Siena Graham Number Competitor Comparison
For the Banks - Regional subindustry, Banca Monte dei Paschi di Siena'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.
Banca Monte dei Paschi di Siena Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Banca Monte dei Paschi di Siena's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Banca Monte dei Paschi di Siena'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.
Banca Monte dei Paschi di Siena (BMDPF) has a Graham Number of $17.31 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Banca Monte dei Paschi di Siena and its competitors. This is 9517% above median its historical median of 0.18. Over the past decade, Banca Monte dei Paschi di Siena's Graham Number has ranged from 0.04 to 0.86. According to the industry distribution chart, Banca Monte dei Paschi di Siena ranks #617 out of 1436 companies in the Banks industry, placing it in the top 43%.
Is Banca Monte dei Paschi di Siena's Graham Number too high?
Banca Monte dei Paschi di Siena's current Graham Number of $17.31 is 9517% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.86. The Banks industry median Graham Number is 0.81. Banca Monte dei Paschi di Siena's value of $17.31 is 2037% above this industry median. Based on the distribution chart, Banca Monte dei Paschi di Siena ranks #617 out of 1436 companies in the Banks industry, which is above the industry midpoint. Overall, Banca Monte dei Paschi di Siena has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banca Monte dei Paschi di Siena's Graham Number compare to competitors?
According to the Banks industry distribution chart, Banca Monte dei Paschi di Siena ranks #617 out of 1436 companies for Graham Number. This puts Banca Monte dei Paschi di Siena in the upper half of its industry. The industry median Graham Number is 0.81. Banca Monte dei Paschi di Siena's value of $17.31 is 2037% above this benchmark. Historically, Banca Monte dei Paschi di Siena's own Graham Number has ranged from 0.04 to 0.86 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.81, Banca Monte dei Paschi di Siena 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,436 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. Banca Monte dei Paschi di Siena's current Graham Number of $17.31 is 2037% 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 Banca Monte dei Paschi di Siena and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banca Monte dei Paschi di Siena's current Graham Number is $17.31, which is 9517% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Monte dei Paschi di Siena stock overvalued right now?
Based on GuruFocus' analysis, Banca Monte dei Paschi di Siena (BMDPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.43, compared to a current price of $12.65 — trading 132.9% above its estimated fair value. The current Graham Number is $17.31, which is 9517% above median its 10-year median of 0.18 and 2037% above the Banks industry median of 0.81. Banca Monte dei Paschi di Siena's overall GF Score™ is 45/100 with 10 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 Banca Monte dei Paschi di Siena (BMDPF), the current Graham Number is $17.31 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 Banca Monte dei Paschi di Siena (BMDPF) Overvalued in 2026?
Based on GuruFocus' analysis, Banca Monte dei Paschi di Siena stock appears to be overvalued.
The current stock price of $12.65 is trading 132.9% above its estimated GF Value™ of $5.43.
GuruFocus considers Banca Monte dei Paschi di Siena to be Significantly Overvalued.
Key valuation signals for BMDPF:
Graham Number: $17.31 (9517% above median its 10-year median of 0.18)
GF Value™: $5.43 vs. price of $12.65 (132.9% above fair value)
Industry Position: 2037% above the Banks median (#617 of 1436)
No single metric tells the full story. See the BMDPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banca Monte dei Paschi di Siena Business Description
Banca Monte dei Paschi di Siena is a banking group operating in Italy, mainly providing retail and commercial banking services. The group has five segments: Retail Banking, Wealth Management, Corporate Banking, Large Corporate & Investment Banking, and Mediobanca Group. Retail Banking serves retail customers, including Banca Widiba. Wealth Management focuses on private and family office clients. Corporate Banking serves SME and corporate clients. Large Corporate & Investment Banking provides corporate finance and investment banking services. The Mediobanca Group segment includes wealth management, consumer finance, and corporate and investment banking activities. It generates the majority of its revenue from the Retail Banking segment.
45GF Score
Get the complete analysis for BMDPF
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
BMDPF has been successfully added to your 
