Les Eaux Minerales d'OulmesCAS:OUL 29 Graham Number is MAD703.68 as of Dec. 2025, which is 100% below its 10-year median of 2.64. GuruFocus rates CAS:OUL with a GF Score™ of 29/100 and a GF Value™ of MAD1,679.32 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 84 Beverages - Non-Alcoholic companies, Les Eaux Minerales d'Oulmes ranks worse than 59.52% 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.
The historical rank and industry rank for Les Eaux Minerales d'Oulmes's Graham Number or its related term are showing as below:
CAS:OUL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.64 Med: 2.64 Max: 6.74
Current: 1.64
During the past 13 years, the highest Price to Graham Number ratio of Les Eaux Minerales d'Oulmes was 6.74. The lowest was 1.64. And the median was 2.64.
CAS:OUL's Price-to-Graham-Number is ranked worse than 59.52% of 84
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.49
vs CAS:OUL: 1.64
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Les Eaux Minerales d'Oulmes (CAS:OUL) 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.
Les Eaux Minerales d'Oulmes's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1153.00
/
703.68
=
1.64
* 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.
Les Eaux Minerales d'Oulmes Graham Number Related Terms
Les Eaux Minerales d'Oulmes 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.
CAS:OUL vs KO, PEP, MNST: Graham Number Comparison
For the Beverages - Non-Alcoholic subindustry, Les Eaux Minerales d'Oulmes'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.
Les Eaux Minerales d'Oulmes Price-to-Graham-Number vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Les Eaux Minerales d'Oulmes's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Les Eaux Minerales d'Oulmes'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.
Les Eaux Minerales d'Oulmes (CAS:OUL) has a Graham Number of MAD703.68 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Les Eaux Minerales d'Oulmes and its competitors. This is 26555% above median its historical median of 2.64. Over the past decade, Les Eaux Minerales d'Oulmes' Graham Number has ranged from 1.64 to 6.74. According to the industry distribution chart, Les Eaux Minerales d'Oulmes ranks #50 out of 84 companies in the Beverages - Non-Alcoholic industry, placing it in the top 59.5%.
Is Les Eaux Minerales d'Oulmes' Graham Number too high?
Les Eaux Minerales d'Oulmes' current Graham Number of MAD703.68 is 26555% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 6.74. Based on the distribution chart, Les Eaux Minerales d'Oulmes ranks #50 out of 84 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Les Eaux Minerales d'Oulmes has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Les Eaux Minerales d'Oulmes' Graham Number compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Les Eaux Minerales d'Oulmes ranks #50 out of 84 companies for Graham Number. This places Les Eaux Minerales d'Oulmes in the lower half of its industry. The industry median Graham Number is 1.49. Historically, Les Eaux Minerales d'Oulmes' own Graham Number has ranged from 1.64 to 6.74 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 Beverages - Non-Alcoholic company?
The median Graham Number among Beverages - Non-Alcoholic companies is 1.49, based on 84 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 Les Eaux Minerales d'Oulmes and its competitors. For the Beverages - Non-Alcoholic industry, the median Graham Number is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Les Eaux Minerales d'Oulmes's current Graham Number is MAD703.68, which is 26555% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Les Eaux Minerales d'Oulmes stock overvalued right now?
Based on GuruFocus' analysis, Les Eaux Minerales d'Oulmes (CAS:OUL) is currently considered Possible Value Trap. The stock's GF Value™ is MAD1,679.32, compared to a current price of MAD1,153.00 — trading 31.3% below its estimated fair value. The current Graham Number is MAD703.68, which is 26555% above median its 10-year median of 2.64. Les Eaux Minerales d'Oulmes' overall GF Score™ is 29/100 with 5 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 Les Eaux Minerales d'Oulmes (CAS:OUL), the current Graham Number is MAD703.68 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 Les Eaux Minerales d'Oulmes (CAS:OUL) Overvalued in 2026?
Based on GuruFocus' analysis, Les Eaux Minerales d'Oulmes stock appears to be undervalued.
The current stock price of MAD1,153.00 is trading 31.3% below its estimated GF Value™ of MAD1,679.32.
GuruFocus considers Les Eaux Minerales d'Oulmes to be Possible Value Trap.
Key valuation signals for CAS:OUL:
Graham Number: MAD703.68 (26555% above median its 10-year median of 2.64)
GF Value™: MAD1,679.32 vs. price of MAD1,153.00 (31.3% below fair value)
No single metric tells the full story. See the CAS:OUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Les Eaux Minerales d'Oulmes SA is engaged in production and distribution of mineral water. Its products include natural mineral water under the brands Sidi Ali and Ain Atlas; natural sparkling mineral water under the brands Oulmes and Oulmes fruity bubbles; and table water under the brand Bahia.
29GF Score
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