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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 (2026-09-11), the stock price of Nikhil Adhesives is ₹81.13. Nikhil Adhesives's graham number for the quarter that ended in Jun. 2026 was ₹N/A. Therefore, Nikhil Adhesives's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Nikhil Adhesives's Graham Number or its related term are showing as below:
BOM:526159'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.48 Med: 1.49 Max: 3.48
Current: 1.51
During the past 13 years, the highest Price to Graham Number ratio of Nikhil Adhesives was 3.48. The lowest was 0.48. And the median was 1.49.
BOM:526159's Price-to-Graham-Number is ranked worse than 52.72% of 1214
companies
in the Chemicals industry
Industry Median: 1.42
vs BOM:526159: 1.51
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nikhil Adhesives (BOM:526159) 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.
Nikhil Adhesives's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
81.13
/
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.
Nikhil Adhesives Graham Number Related Terms
Nikhil Adhesives Graham Number Historical Data
* Premium members only.
The historical data trend for Nikhil Adhesives'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.
BOM:526159 vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, Nikhil Adhesives'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.
Nikhil Adhesives Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nikhil Adhesives'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.
Nikhil Adhesives (BOM:526159) 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 Nikhil Adhesives and its competitors. According to the industry distribution chart, Nikhil Adhesives ranks #640 out of 1214 companies in the Chemicals industry, placing it in the top 52.7%.
Is Nikhil Adhesives' Graham Number too high?
Nikhil Adhesives' current Graham Number is ₹N/A. Based on the distribution chart, Nikhil Adhesives ranks #640 out of 1214 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nikhil Adhesives has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nikhil Adhesives ranks #640 out of 1214 companies for Graham Number. This places Nikhil Adhesives in the lower half of its industry. The industry median Graham Number is 1.42. 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.42, based on 1,214 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 Nikhil Adhesives and its competitors. For the Chemicals industry, the median Graham Number is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikhil Adhesives'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 Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹112.73, compared to a current price of ₹81.13 — trading 28% below its estimated fair value. The current Graham Number is ₹N/A. Nikhil Adhesives' overall GF Score™ is 68/100 with 2 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 Nikhil Adhesives (BOM:526159), 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?
Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued.
The current stock price of ₹81.13 is trading 28% below its estimated GF Value™ of ₹112.73.
GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.
Key valuation signals for BOM:526159:
Graham Number: ₹N/A
GF Value™: ₹112.73 vs. price of ₹81.13 (28% below fair value)
No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
68GF Score
Get the complete analysis for BOM:526159
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