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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.
CAS:ADI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.28 Med: 0.47 Max: 2.05
Current: 1.36
During the past 13 years, the highest Price to Graham Number ratio of Alliances Developpement Immobilier was 2.05. The lowest was 0.28. And the median was 0.47.
CAS:ADI's Price-to-Graham-Number is ranked worse than 76.52% of 1171
companies
in the Real Estate industry
Industry Median: 0.75
vs CAS:ADI: 1.36
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Alliances Developpement Immobilier (CAS:ADI) 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.
Alliances Developpement Immobilier's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
379.90
/
278.74
=
1.36
* 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.
Alliances Developpement Immobilier Graham Number Related Terms
Alliances Developpement Immobilier 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.
Alliances Developpement Immobilier Graham Number Chart
Alliances Developpement Immobilier Graham Number Competitor Comparison
For the Real Estate - Diversified subindustry, Alliances Developpement Immobilier'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.
Alliances Developpement Immobilier Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alliances Developpement Immobilier's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Alliances Developpement Immobilier'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.
Alliances Developpement Immobilier (CAS:ADI) has a Graham Number of MAD278.74 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Alliances Developpement Immobilier and its competitors. This is 59206% above median its historical median of 0.47. Over the past decade, Alliances Developpement Immobilier's Graham Number has ranged from 0.28 to 2.05. According to the industry distribution chart, Alliances Developpement Immobilier ranks #896 out of 1171 companies in the Real Estate industry, placing it in the top 76.5%.
Is Alliances Developpement Immobilier's Graham Number too high?
Alliances Developpement Immobilier's current Graham Number of MAD278.74 is 59206% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 2.05. Based on the distribution chart, Alliances Developpement Immobilier ranks #896 out of 1171 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Alliances Developpement Immobilier has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alliances Developpement Immobilier's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Alliances Developpement Immobilier ranks #896 out of 1171 companies for Graham Number. This places Alliances Developpement Immobilier in the lower half of its industry. The industry median Graham Number is 0.75. Historically, Alliances Developpement Immobilier's own Graham Number has ranged from 0.28 to 2.05 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 1,171 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 Alliances Developpement Immobilier 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. Alliances Developpement Immobilier's current Graham Number is MAD278.74, which is 59206% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliances Developpement Immobilier stock overvalued right now?
Based on GuruFocus' analysis, Alliances Developpement Immobilier (CAS:ADI) is currently considered Fairly Valued. The stock's GF Value™ is MAD414.03, compared to a current price of MAD379.90 — trading 8.2% below its estimated fair value. The current Graham Number is MAD278.74, which is 59206% above median its 10-year median of 0.47. Alliances Developpement Immobilier's overall GF Score™ is 65/100 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 Alliances Developpement Immobilier (CAS:ADI), the current Graham Number is MAD278.74 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 Alliances Developpement Immobilier (CAS:ADI) Overvalued in 2026?
Based on GuruFocus' analysis, Alliances Developpement Immobilier stock appears to be undervalued.
The current stock price of MAD379.90 is trading 8.2% below its estimated GF Value™ of MAD414.03.
GuruFocus considers Alliances Developpement Immobilier to be Fairly Valued.
Key valuation signals for CAS:ADI:
Graham Number: MAD278.74 (59206% above median its 10-year median of 0.47)
GF Value™: MAD414.03 vs. price of MAD379.90 (8.2% below fair value)
No single metric tells the full story. See the CAS:ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alliances Developpement Immobilier Business Description
Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.
65GF Score
Get the complete analysis for CAS:ADI
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