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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.
CFRLF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37 Med: 0.65 Max: 1.32
Current: 0.47
During the past 13 years, the highest Price to Graham Number ratio of China Aircraft Leasing Group Holdings was 1.32. The lowest was 0.37. And the median was 0.65.
CFRLF's Price-to-Graham-Number is ranked better than 91.01% of 701
companies
in the Business Services industry
Industry Median: 1.17
vs CFRLF: 0.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
China Aircraft Leasing Group Holdings (OTCPK:CFRLF) 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.
China Aircraft Leasing Group Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.6443
/
0.99
=
0.65
* 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.
China Aircraft Leasing Group Holdings Graham Number Related Terms
China Aircraft Leasing Group Holdings 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.
China Aircraft Leasing Group Holdings Graham Number Chart
For the Rental & Leasing Services subindustry, China Aircraft Leasing Group Holdings'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.
China Aircraft Leasing Group Holdings Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, China Aircraft Leasing Group Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where China Aircraft Leasing Group Holdings'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.
China Aircraft Leasing Group Holdings (CFRLF) has a Graham Number of $0.99 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on China Aircraft Leasing Group Holdings and its competitors. This is 52% above median its historical median of 0.65. Over the past decade, China Aircraft Leasing Group Holdings' Graham Number has ranged from 0.37 to 1.32. According to the industry distribution chart, China Aircraft Leasing Group Holdings ranks #63 out of 701 companies in the Business Services industry, placing it in the top 9%.
Is China Aircraft Leasing Group Holdings' Graham Number too high?
China Aircraft Leasing Group Holdings' current Graham Number of $0.99 is 52% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.32. The Business Services industry median Graham Number is 1.17. China Aircraft Leasing Group Holdings' value of $0.99 is 15.4% below this industry median. Based on the distribution chart, China Aircraft Leasing Group Holdings ranks #63 out of 701 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, China Aircraft Leasing Group Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does China Aircraft Leasing Group Holdings' Graham Number compare to URI and SUNB?
According to the Business Services industry distribution chart, China Aircraft Leasing Group Holdings ranks #63 out of 701 companies for Graham Number. This places China Aircraft Leasing Group Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.17. China Aircraft Leasing Group Holdings' value of $0.99 is 15.4% below this benchmark. Historically, China Aircraft Leasing Group Holdings' own Graham Number has ranged from 0.37 to 1.32 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.17, China Aircraft Leasing Group Holdings has consistently been below 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 Business Services company?
The median Graham Number among Business Services companies is 1.17, based on 701 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. China Aircraft Leasing Group Holdings's current Graham Number of $0.99 is 15.4% below 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 China Aircraft Leasing Group Holdings and its competitors. For the Business Services industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Aircraft Leasing Group Holdings's current Graham Number is $0.99, which is 52% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Aircraft Leasing Group Holdings stock overvalued right now?
China Aircraft Leasing Group Holdings (CFRLF) has a current Graham Number of $0.99. The stock's GF Value™ is $0.72, compared to a current price of $0.64 — trading 10.5% below its estimated fair value. The current Graham Number is $0.99, which is 52% above median its 10-year median of 0.65 and 15.4% below the Business Services industry median of 1.17. China Aircraft Leasing Group Holdings' overall GF Score™ is 71/100 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 China Aircraft Leasing Group Holdings (CFRLF), the current Graham Number is $0.99 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 China Aircraft Leasing Group Holdings (CFRLF) Overvalued in 2026?
Based on GuruFocus' analysis, China Aircraft Leasing Group Holdings stock appears to be undervalued.
The current stock price of $0.64 is trading 10.5% below its estimated GF Value™ of $0.72.
Key valuation signals for CFRLF:
Graham Number: $0.99 (52% above median its 10-year median of 0.65)
GF Value™: $0.72 vs. price of $0.64 (10.5% below fair value)
Industry Position: 15.4% below the Business Services median (#63 of 701)
No single metric tells the full story. See the CFRLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Aircraft Leasing Group Holdings Ltd is one of the independent aircraft lessors in China. It is engaged in two business segments, aircraft leasing & aviation aftermarket services. Its conventional businesses include the provision of aircraft operating leasing, purchase and leaseback, portfolio trading, & asset management. It also covers value-added services such as fleet upgrades, aircraft maintenance, repair and overhaul, aircraft disassembly, & component sales. The Group has operations mainly in Mainland China & other countries or regions globally. Its scope of business includes regular operations such as aircraft leasing, purchase and leaseback, portfolio trading & asset management, as well as value-added services such as aircraft maintenance, & component trading, & other services.
71GF Score
Get the complete analysis for CFRLF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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