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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.
Telecom ArgentinaBUE:TECO2 +0.12%83 Graham Number is ARS790.82 as of Mar. 2026, which is 100% below its 10-year median of 1.29. GuruFocus rates BUE:TECO2 with a GF Score™ of 83/100 and a GF Value™ of ARS3,297.25 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 191 Telecommunication Services companies, Telecom Argentina ranks worse than 92.15% 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 (2026-07-14), the stock price of Telecom Argentina is ARS4250.00. Telecom Argentina's graham number for the quarter that ended in Mar. 2026 was ARS790.82. Therefore, Telecom Argentina's Price to Graham Number ratio for today is 5.37.
The historical rank and industry rank for Telecom Argentina's Graham Number or its related term are showing as below:
BUE:TECO2'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.45 Med: 1.29 Max: 10.73
Current: 5.37
During the past 13 years, the highest Price to Graham Number ratio of Telecom Argentina was 10.73. The lowest was 0.45. And the median was 1.29.
BUE:TECO2's Price-to-Graham-Number is ranked worse than 92.15% of 191
companies
in the Telecommunication Services industry
Industry Median: 1.59
vs BUE:TECO2: 5.37
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Telecom Argentina (BUE:TECO2) 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.
Telecom Argentina's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4250.00
/
790.82
=
5.37
* 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.
Telecom Argentina Graham Number Related Terms
Telecom Argentina Graham Number Historical Data
* Premium members only.
The historical data trend for Telecom Argentina'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.
BUE:TECO2 vs TMUS, VZ, T: Graham Number Comparison
For the Telecom Services subindustry, Telecom Argentina'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.
Telecom Argentina Price-to-Graham-Number vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telecom Argentina's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Telecom Argentina'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.
Telecom Argentina (BUE:TECO2) has a Graham Number of ARS790.82 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Telecom Argentina and its competitors. This is 61204% above median its historical median of 1.29. Over the past decade, Telecom Argentina's Graham Number has ranged from 0.45 to 10.73. According to the industry distribution chart, Telecom Argentina ranks #176 out of 191 companies in the Telecommunication Services industry, placing it in the top 92.1%.
Is Telecom Argentina's Graham Number too high?
Telecom Argentina's current Graham Number of ARS790.82 is 61204% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 10.73. Based on the distribution chart, Telecom Argentina ranks #176 out of 191 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telecom Argentina has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Argentina's Graham Number compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecom Argentina ranks #176 out of 191 companies for Graham Number. This places Telecom Argentina in the lower half of its industry. The industry median Graham Number is 1.59. Historically, Telecom Argentina's own Graham Number has ranged from 0.45 to 10.73 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 Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.59, based on 191 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 Telecom Argentina and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Argentina's current Graham Number is ARS790.82, which is 61204% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Argentina stock overvalued right now?
Based on GuruFocus' analysis, Telecom Argentina (BUE:TECO2) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS3,297.25, compared to a current price of ARS4,250.00 — trading 28.9% above its estimated fair value. The current Graham Number is ARS790.82, which is 61204% above median its 10-year median of 1.29. Telecom Argentina's overall GF Score™ is 83/100 with 10 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 Telecom Argentina (BUE:TECO2), the current Graham Number is ARS790.82 as of Mar. 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 Telecom Argentina (BUE:TECO2) Overvalued in 2026?
Based on GuruFocus' analysis, Telecom Argentina stock appears to be overvalued.
The current stock price of ARS4,250.00 is trading 28.9% above its estimated GF Value™ of ARS3,297.25.
GuruFocus considers Telecom Argentina to be Modestly Overvalued.
Key valuation signals for BUE:TECO2:
Graham Number: ARS790.82 (61204% above median its 10-year median of 1.29)
GF Value™: ARS3,297.25 vs. price of ARS4,250.00 (28.9% above fair value)
No single metric tells the full story. See the BUE:TECO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telecom Argentina SA offers its customers quadruple play services, combining mobile telephony services, cable television services, Internet services and fixed telephony services. It also provides other telephone-related services such as international long-distance and wholesale services, data transmission and IT solutions outsourcing and install, operate and develop cable television and data transmission services. The company operates in segments: ICT Services provided in Argentina: Personal Network; ICT Services provided in Argentina - TMA Network; and Other segments..
83GF Score
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