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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.
During the past 13 years, the highest Price to Graham Number ratio of DEMIRE Deutsche Mittelstand Real Estate AG was 1.25. The lowest was 0.29. And the median was 0.56.
CHIX:DMREd's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.74 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
DEMIRE Deutsche Mittelstand Real Estate AG (CHIX:DMREd) 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.
DEMIRE Deutsche Mittelstand Real Estate AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.43
/
N/A
=
N/A
* 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.
DEMIRE Deutsche Mittelstand Real Estate AG Graham Number Related Terms
DEMIRE Deutsche Mittelstand Real Estate AG 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.
DEMIRE Deutsche Mittelstand Real Estate AG Graham Number Chart
DEMIRE Deutsche Mittelstand Real Estate AG Annual Data
CHIX:DMRED vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, DEMIRE Deutsche Mittelstand Real Estate AG'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.
DEMIRE Deutsche Mittelstand Real Estate AG Price-to-Graham-Number vs Real Estate Industry
* 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.
DEMIRE Deutsche Mittelstand Real Estate AG (CHIX:DMRED) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on DEMIRE Deutsche Mittelstand Real Estate AG and its competitors. Over the past decade, DEMIRE Deutsche Mittelstand Real Estate AG's Graham Number has ranged from 0.29 to 1.25. According to the industry distribution chart, DEMIRE Deutsche Mittelstand Real Estate AG ranks #999999 out of 1170 companies in the Real Estate industry.
Is DEMIRE Deutsche Mittelstand Real Estate AG's Graham Number too high?
DEMIRE Deutsche Mittelstand Real Estate AG's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.25. Based on the distribution chart, DEMIRE Deutsche Mittelstand Real Estate AG ranks #999999 out of 1170 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, DEMIRE Deutsche Mittelstand Real Estate AG has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does DEMIRE Deutsche Mittelstand Real Estate AG's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, DEMIRE Deutsche Mittelstand Real Estate AG ranks #999999 out of 1170 companies for Graham Number. This places DEMIRE Deutsche Mittelstand Real Estate AG in the lower half of its industry. The industry median Graham Number is 0.74. Historically, DEMIRE Deutsche Mittelstand Real Estate AG's own Graham Number has ranged from 0.29 to 1.25 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,170 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 DEMIRE Deutsche Mittelstand Real Estate AG and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DEMIRE Deutsche Mittelstand Real Estate AG's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DEMIRE Deutsche Mittelstand Real Estate AG stock overvalued right now?
DEMIRE Deutsche Mittelstand Real Estate AG (CHIX:DMRED) has a current Graham Number of €N/A. The stock's GF Value™ is €6.96, compared to a current price of €4.43 — trading 36.4% below its estimated fair value. The current Graham Number is €N/A. DEMIRE Deutsche Mittelstand Real Estate AG's overall GF Score™ is 26/100 with 7 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 DEMIRE Deutsche Mittelstand Real Estate AG (CHIX:DMRED), the current Graham Number is €N/A 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 DEMIRE Deutsche Mittelstand Real Estate AG (CHIX:DMRED) Overvalued in 2026?
Based on GuruFocus' analysis, DEMIRE Deutsche Mittelstand Real Estate AG stock appears to be undervalued.
The current stock price of €4.43 is trading 36.4% below its estimated GF Value™ of €6.96.
Key valuation signals for CHIX:DMRED:
Graham Number: €N/A
GF Value™: €6.96 vs. price of €4.43 (36.4% below fair value)
No single metric tells the full story. See the CHIX:DMRED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DEMIRE Deutsche Mittelstand Real Estate AG Business Description
DEMIRE Deutsche Mittelstand Real Estate AG is a Germany-based commercial real estate company. It focuses on German real estate market and is an investor and property holder in the segment for secondary locations where its activities include acquisition management and rental of commercial properties. The company concentrates on office, retail, hotel and logistics, real estate and owns properties in medium-sized cities and locations bordering metropolitan areas across Germany, such as in the Munich, Freiburg, Rostock, Dusseldorf, Bonn, Hamburg, Berlin and Dresden areas. The Company's particular strength lies in realizing the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants.
26GF Score
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