BRRDF (Borregaard ASA) Graham Number: $4.73 (As of Jun. 2026) — 161% Above Median

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BRRDF Borregaard ASA BRRDF
82 GF Score
Price $14.15
GF Value $18.15
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Borregaard ASA Graham Number?

Borregaard ASA BRRDF +0.71% 82 Graham Number is $4.73 as of Jun. 2026, which is 161% above its 10-year median of 1.81. GuruFocus rates BRRDF with a GF Score™ of 82/100 and a GF Value™ of $18.15 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,154 Chemicals companies, Borregaard ASA ranks worse than 84.23% 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 (2026-07-25), the stock price of Borregaard ASA is $14.15. Borregaard ASA's graham number for the quarter that ended in Jun. 2026 was $4.73. Therefore, Borregaard ASA's Price to Graham Number ratio for today is 2.99.

The historical rank and industry rank for Borregaard ASA's Graham Number or its related term are showing as below:

BRRDF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.21   Med: 1.81   Max: 3.47
Current: 3.46

During the past 13 years, the highest Price to Graham Number ratio of Borregaard ASA was 3.47. The lowest was 1.21. And the median was 1.81.

BRRDF's Price-to-Graham-Number is ranked worse than
84.23% of 1154 companies
in the Chemicals industry
Industry Median: 1.445 vs BRRDF: 3.46

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Borregaard ASA  (OTCPK:BRRDF) 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.

Borregaard ASA's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=14.15/4.73
=2.99

* 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.


Borregaard ASA Graham Number Related Terms


Borregaard ASA Graham Number Historical Data

* Premium members only.

The historical data trend for Borregaard ASA'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.

Borregaard ASA Graham Number Chart

Borregaard ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.96 9.44 9.19 8.56 8.90

Borregaard ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.26 10.31 8.85 9.02 4.73

BRRDF vs LIN, SHW, ECL: Graham Number Comparison

For the Specialty Chemicals subindustry, Borregaard ASA'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.


Borregaard ASA Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Borregaard ASA's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Borregaard ASA's Price-to-Graham-Number falls into.


BRRDF
82GF Score
Borregaard ASA BRRDF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borregaard ASA Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Borregaard ASA's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*5.728*0.615)
=8.90

Borregaard ASA's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*5.777*0.172)
=4.73

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $4.73 mean?
Borregaard ASA (BRRDF) has a Graham Number of $4.73 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Borregaard ASA and its competitors. This is 161% above median its historical median of 1.81. Over the past decade, Borregaard ASA's Graham Number has ranged from 1.21 to 3.47. According to the industry distribution chart, Borregaard ASA ranks #972 out of 1154 companies in the Chemicals industry, placing it in the top 84.2%.
Is Borregaard ASA's Graham Number too high?
Borregaard ASA's current Graham Number of $4.73 is 161% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 3.47. The Chemicals industry median Graham Number is 1.45. Borregaard ASA's value of $4.73 is 227.3% above this industry median. Based on the distribution chart, Borregaard ASA ranks #972 out of 1154 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Borregaard ASA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borregaard ASA's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Borregaard ASA ranks #972 out of 1154 companies for Graham Number. This places Borregaard ASA in the lower half of its industry. The industry median Graham Number is 1.45. Borregaard ASA's value of $4.73 is 227.3% above this benchmark. Historically, Borregaard ASA's own Graham Number has ranged from 1.21 to 3.47 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.45, Borregaard ASA 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.45, based on 1,154 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. Borregaard ASA's current Graham Number of $4.73 is 227.3% 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 Borregaard ASA and its competitors. For the Chemicals industry, the median Graham Number is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borregaard ASA's current Graham Number is $4.73, which is 161% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borregaard ASA stock overvalued right now?
Based on GuruFocus' analysis, Borregaard ASA (BRRDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.15, compared to a current price of $14.15 — trading 22% below its estimated fair value. The current Graham Number is $4.73, which is 161% above median its 10-year median of 1.81 and 227.3% above the Chemicals industry median of 1.45. Borregaard ASA's overall GF Score™ is 82/100 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 Borregaard ASA (BRRDF), the current Graham Number is $4.73 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 Borregaard ASA (BRRDF) Overvalued in 2026?

Based on GuruFocus' analysis, Borregaard ASA stock appears to be undervalued. The current stock price of $14.15 is trading 22% below its estimated GF Value™ of $18.15. GuruFocus considers Borregaard ASA to be Modestly Undervalued.

Key valuation signals for BRRDF:

  • Graham Number: $4.73 (161% above median its 10-year median of 1.81)
  • GF Value™: $18.15 vs. price of $14.15 (22% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 227.3% above the Chemicals median (#972 of 1154)

No single metric tells the full story. See the BRRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Borregaard ASA Business Description

Address Hjalmar Wessels vei 6, P.O Box 162, Sarpsborg, NOR, 1701
Borregaard ASA makes and sells biochemicals and biomaterials designed to replace oil-based products. The company has three operating segments; BioSolutions segment develops, produces and sells biopolymers and bio vanillin from lignin used in Industries such as agrochemicals, batteries, industrial binders and construction. Bio vanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry, Biomaterials segment develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. It also includes cellulose fibrils for industrial applications, and the Fine Chemicals segment consists of fine chemical intermediates for contrast agents and bioethanol.
82GF Score

Get the complete analysis for BRRDF

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.15
Price
$18.15
GF Value