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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.
The historical rank and industry rank for V B Desai Financial Services's Graham Number or its related term are showing as below:
BOM:511110'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.14 Med: 0.65 Max: 1.96
Current: 0.53
During the past 13 years, the highest Price to Graham Number ratio of V B Desai Financial Services was 1.96. The lowest was 0.14. And the median was 0.65.
BOM:511110's Price-to-Graham-Number is ranked better than 83.4% of 524
companies
in the Capital Markets industry
Industry Median: 1.105
vs BOM:511110: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
V B Desai Financial Services (BOM:511110) 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.
V B Desai Financial Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
18.50
/
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.
V B Desai Financial Services Graham Number Related Terms
V B Desai Financial Services 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.
BOM:511110 vs MS, GS, SCHW: Graham Number Comparison
For the Capital Markets subindustry, V B Desai Financial Services'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.
V B Desai Financial Services Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, V B Desai Financial Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where V B Desai Financial Services'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.
V B Desai Financial Services (BOM:511110) 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 V B Desai Financial Services and its competitors. Over the past decade, V B Desai Financial Services' Graham Number has ranged from 0.14 to 1.96. According to the industry distribution chart, V B Desai Financial Services ranks #87 out of 524 companies in the Capital Markets industry, placing it in the top 16.6%.
Is V B Desai Financial Services' Graham Number too high?
V B Desai Financial Services' current Graham Number is ₹N/A. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.96. Based on the distribution chart, V B Desai Financial Services ranks #87 out of 524 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, V B Desai Financial Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does V B Desai Financial Services' Graham Number compare to MS and GS?
According to the Capital Markets industry distribution chart, V B Desai Financial Services ranks #87 out of 524 companies for Graham Number. This places V B Desai Financial Services in the top 17% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.11. Historically, V B Desai Financial Services' own Graham Number has ranged from 0.14 to 1.96 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.11, based on 524 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 V B Desai Financial Services and its competitors. For the Capital Markets industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V B Desai Financial Services'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 V B Desai Financial Services stock overvalued right now?
Based on GuruFocus' analysis, V B Desai Financial Services (BOM:511110) is currently considered Fairly Valued. The stock's GF Value™ is ₹20.11, compared to a current price of ₹18.50 — trading 8% below its estimated fair value. The current Graham Number is ₹N/A. V B Desai Financial Services' overall GF Score™ is 69/100 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 V B Desai Financial Services (BOM:511110), 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 V B Desai Financial Services (BOM:511110) Overvalued in 2026?
Based on GuruFocus' analysis, V B Desai Financial Services stock appears to be undervalued.
The current stock price of ₹18.50 is trading 8% below its estimated GF Value™ of ₹20.11.
GuruFocus considers V B Desai Financial Services to be Fairly Valued.
Key valuation signals for BOM:511110:
Graham Number: ₹N/A
GF Value™: ₹20.11 vs. price of ₹18.50 (8% below fair value)
No single metric tells the full story. See the BOM:511110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V B Desai Financial Services Ltd is an Indian company providing merchant banking services. The company is engaged in offering financial and advisory services. It provides services like Share Valuation, (Employee Stock Option Plan) ESOP Valuation, ESOP Advisory, merger and acquisition, to act as Manager in Buyback of shares and Acquisition, Takeover of Listed Companies and Initial Public Offerings, etc. The Company has one segment which is Merchant Banking and financial services.
69GF Score
Get the complete analysis for BOM:511110
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