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.
Citizen SolarBOM:538786 -3.85%48 Graham Number is ₹N/A as of Jun. 2026. GuruFocus rates BOM:538786 with a GF Score™ of 48/100. The stock has 4 warning signs investors should review. Among 693 Semiconductors companies, Citizen Solar ranks better than 69.99% 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 (2026-09-21), the stock price of Citizen Solar is ₹187.50. Citizen Solar's graham number for the quarter that ended in Jun. 2026 was ₹N/A. Therefore, Citizen Solar's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Citizen Solar's Graham Number or its related term are showing as below:
BOM:538786'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 1.78 Max: 16.47
Current: 1.63
During the past 13 years, the highest Price to Graham Number ratio of Citizen Solar was 16.47. The lowest was 0.52. And the median was 1.78.
BOM:538786's Price-to-Graham-Number is ranked better than 69.99% of 693
companies
in the Semiconductors industry
Industry Median: 2.58
vs BOM:538786: 1.63
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Citizen Solar (BOM:538786) 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.
Citizen Solar's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
187.50
/
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.
Citizen Solar Graham Number Related Terms
Citizen Solar Graham Number Historical Data
* Premium members only.
The historical data trend for Citizen Solar'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:538786 vs FSLR, NXT, ENPH: Graham Number Comparison
For the Solar subindustry, Citizen Solar'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.
Citizen Solar Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Citizen Solar's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Citizen Solar'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.
Citizen Solar (BOM:538786) 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 Citizen Solar and its competitors. According to the industry distribution chart, Citizen Solar ranks #208 out of 693 companies in the Semiconductors industry, placing it in the top 30%.
Is Citizen Solar's Graham Number too high?
Citizen Solar's current Graham Number is ₹N/A. Based on the distribution chart, Citizen Solar ranks #208 out of 693 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Citizen Solar has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's Graham Number compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #208 out of 693 companies for Graham Number. This puts Citizen Solar in the upper half of its industry. The industry median Graham Number is 2.58. 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.58, based on 693 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 Citizen Solar and its competitors. For the Semiconductors industry, the median Graham Number is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar'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 Citizen Solar stock overvalued right now?
Citizen Solar (BOM:538786) has a current Graham Number of ₹N/A. The current Graham Number is ₹N/A. Citizen Solar's overall GF Score™ is 48/100 with 4 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 Citizen Solar (BOM:538786), 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.
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
48GF Score
Get the complete analysis for BOM:538786
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
BOM:538786 has been successfully added to your 
