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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.
Niraj Cement Structurals (BOM:532986) 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.
Niraj Cement Structurals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
27.11
/
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.
Niraj Cement Structurals Graham Number Related Terms
Niraj Cement Structurals 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:532986 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Niraj Cement Structurals'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.
Niraj Cement Structurals Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Niraj Cement Structurals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Niraj Cement Structurals'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.
Niraj Cement Structurals (BOM:532986) 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 Niraj Cement Structurals and its competitors. According to the industry distribution chart, Niraj Cement Structurals ranks #191 out of 1216 companies in the Construction industry, placing it in the top 15.7%.
Is Niraj Cement Structurals' Graham Number too high?
Niraj Cement Structurals' current Graham Number is ₹N/A. Based on the distribution chart, Niraj Cement Structurals ranks #191 out of 1216 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Niraj Cement Structurals has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niraj Cement Structurals' Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Niraj Cement Structurals ranks #191 out of 1216 companies for Graham Number. This places Niraj Cement Structurals in the top 16% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.00. 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,216 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 Niraj Cement Structurals and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niraj Cement Structurals'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 Niraj Cement Structurals stock overvalued right now?
Based on GuruFocus' analysis, Niraj Cement Structurals (BOM:532986) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.52, compared to a current price of ₹27.11 — trading 19.1% below its estimated fair value. The current Graham Number is ₹N/A. Niraj Cement Structurals' overall GF Score™ is 72/100 with 5 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 Niraj Cement Structurals (BOM:532986), 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 Niraj Cement Structurals (BOM:532986) Overvalued in 2026?
Based on GuruFocus' analysis, Niraj Cement Structurals stock appears to be undervalued.
The current stock price of ₹27.11 is trading 19.1% below its estimated GF Value™ of ₹33.52.
GuruFocus considers Niraj Cement Structurals to be Modestly Undervalued.
Key valuation signals for BOM:532986:
Graham Number: ₹N/A
GF Value™: ₹33.52 vs. price of ₹27.11 (19.1% below fair value)
No single metric tells the full story. See the BOM:532986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressD G patil Road, Pepsi Company, off. Sion Trombay Road, Unit No 820 to 825, The Epicentre, Commercial Building, Dukes Horizon, Near R K Studio, Mumbai, MH, IND, 400088
Niraj Cement Structurals Ltd is an India-based company. It is engaged in the business of civil construction and infrastructure, which is engaged in the construction of highways, expressways, turnkey projects roads, bridges, tunnels, etc.
72GF Score
Get the complete analysis for BOM:532986
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