Cadeler ASCDLR +4.92%57 Graham Number is $39.86 as of Mar. 2026, which is 3491% above its 10-year median of 1.11. GuruFocus rates CDLR with a GF Score™ of 57/100 and a GF Value™ of $62.07 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,217 Construction companies, Cadeler AS ranks better than 80.77% 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 (2026-07-02), the stock price of Cadeler AS is $22.17. Cadeler AS's graham number for the quarter that ended in Mar. 2026 was $39.86. Therefore, Cadeler AS's Price to Graham Number ratio for today is 0.56.
The historical rank and industry rank for Cadeler AS's Graham Number or its related term are showing as below:
CDLR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47 Med: 1.11 Max: 5.14
Current: 0.57
During the past 9 years, the highest Price to Graham Number ratio of Cadeler AS was 5.14. The lowest was 0.47. And the median was 1.11.
CDLR's Price-to-Graham-Number is ranked better than 80.77% of 1217
companies
in the Construction industry
Industry Median: 1.02
vs CDLR: 0.57
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Cadeler AS (NYSE:CDLR) 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.
Cadeler AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
22.17
/
39.86
=
0.56
* 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.
Cadeler AS Graham Number Related Terms
Cadeler AS Graham Number Historical Data
* Premium members only.
The historical data trend for Cadeler AS'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.
For the Engineering & Construction subindustry, Cadeler AS'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.
Cadeler AS Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Cadeler AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Cadeler AS'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.
Cadeler AS (CDLR) has a Graham Number of $39.86 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Cadeler AS and its competitors. This is 3491% above median its historical median of 1.11. Over the past decade, Cadeler AS's Graham Number has ranged from 0.47 to 5.14. According to the industry distribution chart, Cadeler AS ranks #234 out of 1217 companies in the Construction industry, placing it in the top 19.2%.
Is Cadeler AS's Graham Number too high?
Cadeler AS's current Graham Number of $39.86 is 3491% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 5.14. The Construction industry median Graham Number is 1.02. Cadeler AS's value of $39.86 is 3807.8% above this industry median. Based on the distribution chart, Cadeler AS ranks #234 out of 1217 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Cadeler AS has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cadeler AS's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Cadeler AS ranks #234 out of 1217 companies for Graham Number. This places Cadeler AS in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.02. Cadeler AS's value of $39.86 is 3807.8% above this benchmark. Historically, Cadeler AS's own Graham Number has ranged from 0.47 to 5.14 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.02, Cadeler AS has consistently been above the industry average. 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 Construction company?
The median Graham Number among Construction companies is 1.02, based on 1,217 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. Cadeler AS's current Graham Number of $39.86 is 3807.8% above the industry median. 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 Cadeler AS and its competitors. For the Construction industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cadeler AS's current Graham Number is $39.86, which is 3491% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cadeler AS stock overvalued right now?
Based on GuruFocus' analysis, Cadeler AS (CDLR) is currently considered Possible Value Trap. The stock's GF Value™ is $62.07, compared to a current price of $22.17 — trading 64.3% below its estimated fair value. The current Graham Number is $39.86, which is 3491% above median its 10-year median of 1.11 and 3807.8% above the Construction industry median of 1.02. Cadeler AS's overall GF Score™ is 57/100 with 8 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 Cadeler AS (CDLR), the current Graham Number is $39.86 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 Cadeler AS (CDLR) Overvalued in 2026?
Based on GuruFocus' analysis, Cadeler AS stock appears to be undervalued.
The current stock price of $22.17 is trading 64.3% below its estimated GF Value™ of $62.07.
GuruFocus considers Cadeler AS to be Possible Value Trap.
Key valuation signals for CDLR:
Graham Number: $39.86 (3491% above median its 10-year median of 1.11)
GF Value™: $62.07 vs. price of $22.17 (64.3% below fair value)
Industry Position: 3807.8% above the Construction median (#234 of 1217)
No single metric tells the full story. See the CDLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cadeler AS is an offshore wind installation vessel contractor. It currently operates various offshore jack-up wind installation vessels, with new builds on order. The Group operates within the market for the transportation and installation of offshore wind turbine generators (WTGs) and their foundations. In addition to wind farm installation, its vessels can perform maintenance, decommissioning, and other general construction tasks within the offshore industry. Cadler's customer base consists of offshore wind farm developers, original equipment manufacturers, and various offshore contractors. Geographically, the Group generates maximum revenue from the United States and the rest from the United Kingdom, Taiwan, Germany, Denmark, Poland, and other regions.
57GF Score
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