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CTT Systems ABCHIX:CTTS 77 Graham Number is kr33.65 as of Mar. 2026, which is 100% below its 10-year median of 5.21. GuruFocus rates CHIX:CTTS with a GF Score™ of 77/100 and a GF Value™ of kr379.94. The stock has 3 warning signs investors should review. Among 217 Aerospace & Defense companies, CTT Systems AB ranks worse than 57.6% 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 (2026-07-17), the stock price of CTT Systems AB is kr194.60. CTT Systems AB's graham number for the quarter that ended in Mar. 2026 was kr33.65. Therefore, CTT Systems AB's Price to Graham Number ratio for today is 5.78.
The historical rank and industry rank for CTT Systems AB's Graham Number or its related term are showing as below:
CHIX:CTTs'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.02 Med: 5.21 Max: 16.14
Current: 3.7
During the past 13 years, the highest Price to Graham Number ratio of CTT Systems AB was 16.14. The lowest was 3.02. And the median was 5.21.
CHIX:CTTs's Price-to-Graham-Number is ranked worse than 57.6% of 217
companies
in the Aerospace & Defense industry
Industry Median: 2.99
vs CHIX:CTTs: 3.70
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
CTT Systems AB (CHIX:CTTs) 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.
CTT Systems AB's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
194.60
/
33.65
=
5.78
* 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.
CTT Systems AB Graham Number Related Terms
CTT Systems AB Graham Number Historical Data
* Premium members only.
The historical data trend for CTT Systems AB'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.
CHIX:CTTS vs SPCX, GE, RTX: Graham Number Comparison
For the Aerospace & Defense subindustry, CTT Systems AB'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.
CTT Systems AB Price-to-Graham-Number vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, CTT Systems AB's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where CTT Systems AB'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.
CTT Systems AB (CHIX:CTTS) has a Graham Number of kr33.65 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on CTT Systems AB and its competitors. This is 546% above median its historical median of 5.21. Over the past decade, CTT Systems AB's Graham Number has ranged from 3.02 to 16.14. According to the industry distribution chart, CTT Systems AB ranks #125 out of 217 companies in the Aerospace & Defense industry, placing it in the top 57.6%.
Is CTT Systems AB's Graham Number too high?
CTT Systems AB's current Graham Number of kr33.65 is 546% above median its 10-year median of 5.21. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 16.14. Based on the distribution chart, CTT Systems AB ranks #125 out of 217 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, CTT Systems AB has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does CTT Systems AB's Graham Number compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, CTT Systems AB ranks #125 out of 217 companies for Graham Number. This places CTT Systems AB in the lower half of its industry. The industry median Graham Number is 2.99. Historically, CTT Systems AB's own Graham Number has ranged from 3.02 to 16.14 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 an Aerospace & Defense company?
The median Graham Number among Aerospace & Defense companies is 2.99, based on 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. 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 CTT Systems AB and its competitors. For the Aerospace & Defense industry, the median Graham Number is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTT Systems AB's current Graham Number is kr33.65, which is 546% above median its own 10-year median of 5.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTT Systems AB stock overvalued right now?
CTT Systems AB (CHIX:CTTS) has a current Graham Number of kr33.65. The stock's GF Value™ is kr379.94, compared to a current price of kr194.60 — trading 48.8% below its estimated fair value. The current Graham Number is kr33.65, which is 546% above median its 10-year median of 5.21. CTT Systems AB's overall GF Score™ is 77/100 with 3 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 CTT Systems AB (CHIX:CTTS), the current Graham Number is kr33.65 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 CTT Systems AB (CHIX:CTTS) Overvalued in 2026?
Based on GuruFocus' analysis, CTT Systems AB stock appears to be undervalued.
The current stock price of kr194.60 is trading 48.8% below its estimated GF Value™ of kr379.94.
Key valuation signals for CHIX:CTTS:
Graham Number: kr33.65 (546% above median its 10-year median of 5.21)
GF Value™: kr379.94 vs. price of kr194.60 (48.8% below fair value)
No single metric tells the full story. See the CHIX:CTTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair, create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for their existing aircraft fleets. Geographically company generates maximum revenue from USA, Denmark, France, and other regions.
77GF Score
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