BTG Consulting (CHIX:BTGL) Graham Number: £0.54 (As of Apr. 2026) — 84% Below Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:BTGL BTG Consulting PLC CHIX:BTGL
87 GF Score
Price £1.07
GF Value £1.26
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is BTG Consulting Graham Number?

BTG Consulting CHIX:BTGL +0.94% 87 Graham Number is £0.54 as of Apr. 2026, which is 100% below its 10-year median of 3.47. GuruFocus rates CHIX:BTGL with a GF Score™ of 87/100 and a GF Value™ of £1.26 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 697 Business Services companies, BTG Consulting ranks worse than 74.61% 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 (2026-07-29), the stock price of BTG Consulting is £1.07. BTG Consulting's graham number for the quarter that ended in Apr. 2026 was £0.54. Therefore, BTG Consulting's Price to Graham Number ratio for today is 1.98.

The historical rank and industry rank for BTG Consulting's Graham Number or its related term are showing as below:

CHIX:BTGl' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.95   Med: 3.47   Max: 4.16
Current: 1.98

During the past 13 years, the highest Price to Graham Number ratio of BTG Consulting was 4.16. The lowest was 1.95. And the median was 3.47.

CHIX:BTGl's Price-to-Graham-Number is ranked worse than
74.61% of 697 companies
in the Business Services industry
Industry Median: 1.18 vs CHIX:BTGl: 1.98

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


BTG Consulting  (CHIX:BTGl) 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.

BTG Consulting's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Apr. 2026 )
=1.07/0.54
=1.98

* 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.


BTG Consulting Graham Number Related Terms


BTG Consulting Graham Number Historical Data

* Premium members only.

The historical data trend for BTG Consulting'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.

BTG Consulting Graham Number Chart

BTG Consulting Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.40 0.28 0.44 0.54

BTG Consulting Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.29 0.44 0.45 0.54

CHIX:BTGL vs VRSK, EFX, BAH: Graham Number Comparison

For the Consulting Services subindustry, BTG Consulting'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.


BTG Consulting Price-to-Graham-Number vs Business Services Industry

For the Business Services industry and Industrials sector, BTG Consulting's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where BTG Consulting's Price-to-Graham-Number falls into.


CHIX:BTGL
87GF Score
BTG Consulting PLC CHIX:BTGL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTG Consulting Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

BTG Consulting's Graham Number for the fiscal year that ended in Apr. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.117*0.111)
=0.54

BTG Consulting's Graham Number for the quarter that ended in Apr. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.117*0.111)
=0.54

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of £0.54 mean?
BTG Consulting (CHIX:BTGL) has a Graham Number of £0.54 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on BTG Consulting and its competitors. This is 84% below median its historical median of 3.47. Over the past decade, BTG Consulting's Graham Number has ranged from 1.95 to 4.16. According to the industry distribution chart, BTG Consulting ranks #520 out of 697 companies in the Business Services industry, placing it in the top 74.6%.
Is BTG Consulting's Graham Number too high?
BTG Consulting's current Graham Number of £0.54 is 84% below median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 4.16. Based on the distribution chart, BTG Consulting ranks #520 out of 697 companies in the Business Services industry, which is below the industry midpoint. Overall, BTG Consulting has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BTG Consulting's Graham Number compare to VRSK and EFX?
According to the Business Services industry distribution chart, BTG Consulting ranks #520 out of 697 companies for Graham Number. This places BTG Consulting in the lower half of its industry. The industry median Graham Number is 1.18. Historically, BTG Consulting's own Graham Number has ranged from 1.95 to 4.16 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 Business Services company?
The median Graham Number among Business Services companies is 1.18, based on 697 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 BTG Consulting and its competitors. For the Business Services industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTG Consulting's current Graham Number is £0.54, which is 84% below median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTG Consulting stock overvalued right now?
Based on GuruFocus' analysis, BTG Consulting (CHIX:BTGL) is currently considered Modestly Undervalued. The stock's GF Value™ is £1.26, compared to a current price of £1.07 — trading 15.1% below its estimated fair value. The current Graham Number is £0.54, which is 84% below median its 10-year median of 3.47. BTG Consulting's overall GF Score™ is 87/100 with 2 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 BTG Consulting (CHIX:BTGL), the current Graham Number is £0.54 as of Apr. 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 BTG Consulting (CHIX:BTGL) Overvalued in 2026?

Based on GuruFocus' analysis, BTG Consulting stock appears to be undervalued. The current stock price of £1.07 is trading 15.1% below its estimated GF Value™ of £1.26. GuruFocus considers BTG Consulting to be Modestly Undervalued.

Key valuation signals for CHIX:BTGL:

  • Graham Number: £0.54 (84% below median its 10-year median of 3.47)
  • GF Value™: £1.26 vs. price of £1.07 (15.1% below fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the CHIX:BTGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BTG Consulting Business Description

Other Exchanges BTG:UKBTA:Germany
Address 340 Deansgate, Manchester, GBR, M3 4LY
BTG Consulting Plc is a financial and real estate advisory company that provides advisory services related to businesses, assets, and investments. The company supports clients in areas such as project funding, delivery, and value realisation across financial and real estate sectors. Its service offerings include Restucturing, Financial Advisory, Deal Advisor, Funding and insurance, Agency and auctions, Valuations and Asset Advisory, Projects and Developments, and Property Management and Insurance.
87GF Score

Get the complete analysis for CHIX:BTGL

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.07
Price
£1.26
GF Value