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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.
BSE:EFO'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.16 Med: 0.57 Max: 1.2
Current: 1.19
During the past 13 years, the highest Price to Graham Number ratio of Turism Hoteluri Restaurante Marea Neagra was 1.20. The lowest was 0.16. And the median was 0.57.
BSE:EFO's Price-to-Graham-Number is ranked worse than 50.1% of 503
companies
in the Travel & Leisure industry
Industry Median: 1.23
vs BSE:EFO: 1.19
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) 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.
Turism Hoteluri Restaurante Marea Neagra's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
0.86
/
0.72
=
1.20
* 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.
Turism Hoteluri Restaurante Marea Neagra Graham Number Related Terms
Turism Hoteluri Restaurante Marea Neagra 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.
Turism Hoteluri Restaurante Marea Neagra Graham Number Chart
Turism Hoteluri Restaurante Marea Neagra Annual Data
BSE:EFO vs LVS, MGM, WYNN: Graham Number Comparison
For the Resorts & Casinos subindustry, Turism Hoteluri Restaurante Marea Neagra'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.
Turism Hoteluri Restaurante Marea Neagra Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Turism Hoteluri Restaurante Marea Neagra's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Turism Hoteluri Restaurante Marea Neagra'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.
Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) has a Graham Number of lei0.72 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Turism Hoteluri Restaurante Marea Neagra and its competitors. According to the industry distribution chart, Turism Hoteluri Restaurante Marea Neagra ranks #252 out of 503 companies in the Travel & Leisure industry, placing it in the top 50.1%.
Is Turism Hoteluri Restaurante Marea Neagra's Graham Number too high?
Turism Hoteluri Restaurante Marea Neagra's current Graham Number is lei0.72. Based on the distribution chart, Turism Hoteluri Restaurante Marea Neagra ranks #252 out of 503 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Turism Hoteluri Restaurante Marea Neagra has a GF Score™ of 46/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turism Hoteluri Restaurante Marea Neagra's Graham Number compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Turism Hoteluri Restaurante Marea Neagra ranks #252 out of 503 companies for Graham Number. This places Turism Hoteluri Restaurante Marea Neagra in the lower half of its industry. The industry median Graham Number is 1.23. 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.23, based on 503 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 Turism Hoteluri Restaurante Marea Neagra and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turism Hoteluri Restaurante Marea Neagra's current Graham Number is lei0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turism Hoteluri Restaurante Marea Neagra stock overvalued right now?
Based on GuruFocus' analysis, Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) is currently considered Modestly Overvalued. The stock's GF Value™ is lei0.66, compared to a current price of lei0.86 — trading 30.3% above its estimated fair value. The current Graham Number is lei0.72. Turism Hoteluri Restaurante Marea Neagra's overall GF Score™ is 46/100 with 6 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 Turism Hoteluri Restaurante Marea Neagra (BSE:EFO), the current Graham Number is lei0.72 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 Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Overvalued in 2026?
Based on GuruFocus' analysis, Turism Hoteluri Restaurante Marea Neagra stock appears to be overvalued.
The current stock price of lei0.86 is trading 30.3% above its estimated GF Value™ of lei0.66.
GuruFocus considers Turism Hoteluri Restaurante Marea Neagra to be Modestly Overvalued.
Key valuation signals for BSE:EFO:
Graham Number: lei0.72
GF Value™: lei0.66 vs. price of lei0.86 (30.3% above fair value)
No single metric tells the full story. See the BSE:EFO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.
46GF Score
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