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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.
BUD:GOPD'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.33 Med: 19.37 Max: 27.88
Current: 13.12
During the past 8 years, the highest Price to Graham Number ratio of GOPD Zartkoruen Mukodo Reszvenytarsasag was 27.88. The lowest was 1.33. And the median was 19.37.
BUD:GOPD's Price-to-Graham-Number is ranked worse than 98.8% of 1166
companies
in the Real Estate industry
Industry Median: 0.75
vs BUD:GOPD: 13.12
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) 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.
GOPD Zartkoruen Mukodo Reszvenytarsasag's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
7750.00
/
590.59
=
13.12
* 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.
GOPD Zartkoruen Mukodo Reszvenytarsasag Graham Number Related Terms
GOPD Zartkoruen Mukodo Reszvenytarsasag 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.
GOPD Zartkoruen Mukodo Reszvenytarsasag Graham Number Chart
GOPD Zartkoruen Mukodo Reszvenytarsasag Annual Data
GOPD Zartkoruen Mukodo Reszvenytarsasag Graham Number Competitor Comparison
For the Real Estate - Development subindustry, GOPD Zartkoruen Mukodo Reszvenytarsasag'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.
GOPD Zartkoruen Mukodo Reszvenytarsasag Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GOPD Zartkoruen Mukodo Reszvenytarsasag's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where GOPD Zartkoruen Mukodo Reszvenytarsasag'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.
GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) has a Graham Number of Ft590.59 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on GOPD Zartkoruen Mukodo Reszvenytarsasag and its competitors. This is 2949% above median its historical median of 19.37. Over the past decade, GOPD Zartkoruen Mukodo Reszvenytarsasag's Graham Number has ranged from 1.33 to 27.88. According to the industry distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1152 out of 1166 companies in the Real Estate industry, placing it in the top 98.8%.
Is GOPD Zartkoruen Mukodo Reszvenytarsasag's Graham Number too high?
GOPD Zartkoruen Mukodo Reszvenytarsasag's current Graham Number of Ft590.59 is 2949% above median its 10-year median of 19.37. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 27.88. Based on the distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1152 out of 1166 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, GOPD Zartkoruen Mukodo Reszvenytarsasag has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GOPD Zartkoruen Mukodo Reszvenytarsasag's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1152 out of 1166 companies for Graham Number. This places GOPD Zartkoruen Mukodo Reszvenytarsasag in the lower half of its industry. The industry median Graham Number is 0.75. Historically, GOPD Zartkoruen Mukodo Reszvenytarsasag's own Graham Number has ranged from 1.33 to 27.88 over the past decade. 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.75, based on 1,166 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 GOPD Zartkoruen Mukodo Reszvenytarsasag and its competitors. For the Real Estate industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GOPD Zartkoruen Mukodo Reszvenytarsasag's current Graham Number is Ft590.59, which is 2949% above median its own 10-year median of 19.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GOPD Zartkoruen Mukodo Reszvenytarsasag stock overvalued right now?
Based on GuruFocus' analysis, GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) is currently considered Fairly Valued. The stock's GF Value™ is Ft7,885.11, compared to a current price of Ft7,750.00 — trading 1.7% below its estimated fair value. The current Graham Number is Ft590.59, which is 2949% above median its 10-year median of 19.37. GOPD Zartkoruen Mukodo Reszvenytarsasag's overall GF Score™ is 32/100 with 3 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 GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD), the current Graham Number is Ft590.59 as of Dec. 2025. 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 GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) Overvalued in 2026?
Based on GuruFocus' analysis, GOPD Zartkoruen Mukodo Reszvenytarsasag stock appears to be undervalued.
The current stock price of Ft7,750.00 is trading 1.7% below its estimated GF Value™ of Ft7,885.11.
GuruFocus considers GOPD Zartkoruen Mukodo Reszvenytarsasag to be Fairly Valued.
Key valuation signals for BUD:GOPD:
Graham Number: Ft590.59 (2949% above median its 10-year median of 19.37)
GF Value™: Ft7,885.11 vs. price of Ft7,750.00 (1.7% below fair value)
No single metric tells the full story. See the BUD:GOPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GOPD Zartkoruen Mukodo Reszvenytarsasag is a Hungary based company engaged in property development. The projects of the company include flats in Zuglo and Angyalfold and a residential complex with apartments in Zuglo.
32GF Score
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