Evolution ABCHIX:EVOS 96 Graham Number is kr299.89 as of Mar. 2026, which is 100% below its 10-year median of 5.31. GuruFocus rates CHIX:EVOS with a GF Score™ of 96/100 and a GF Value™ of kr1,059.75 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 491 Travel & Leisure companies, Evolution AB ranks worse than 76.58% 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 (2026-07-10), the stock price of Evolution AB is kr682.30. Evolution AB's graham number for the quarter that ended in Mar. 2026 was kr299.89. Therefore, Evolution AB's Price to Graham Number ratio for today is 2.28.
The historical rank and industry rank for Evolution AB's Graham Number or its related term are showing as below:
CHIX:EVOs'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.95 Med: 5.31 Max: 18.98
Current: 2.27
During the past 13 years, the highest Price to Graham Number ratio of Evolution AB was 18.98. The lowest was 1.95. And the median was 5.31.
CHIX:EVOs's Price-to-Graham-Number is ranked worse than 76.58% of 491
companies
in the Travel & Leisure industry
Industry Median: 1.24
vs CHIX:EVOs: 2.27
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Evolution AB (CHIX:EVOs) 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.
Evolution AB's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
682.30
/
299.89
=
2.28
* 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.
Evolution AB Graham Number Related Terms
Evolution AB Graham Number Historical Data
* Premium members only.
The historical data trend for Evolution 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:EVOS vs FLUT, DKNG, SGHC: Graham Number Comparison
For the Gambling subindustry, Evolution 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.
Evolution AB Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Evolution 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.
Evolution AB (CHIX:EVOS) has a Graham Number of kr299.89 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Evolution AB and its competitors. This is 5548% above median its historical median of 5.31. Over the past decade, Evolution AB's Graham Number has ranged from 1.95 to 18.98. According to the industry distribution chart, Evolution AB ranks #376 out of 491 companies in the Travel & Leisure industry, placing it in the top 76.6%.
Is Evolution AB's Graham Number too high?
Evolution AB's current Graham Number of kr299.89 is 5548% above median its 10-year median of 5.31. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 18.98. Based on the distribution chart, Evolution AB ranks #376 out of 491 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Evolution AB has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's Graham Number compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Evolution AB ranks #376 out of 491 companies for Graham Number. This places Evolution AB in the lower half of its industry. The industry median Graham Number is 1.24. Historically, Evolution AB's own Graham Number has ranged from 1.95 to 18.98 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.24, based on 491 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 Evolution AB and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution AB's current Graham Number is kr299.89, which is 5548% above median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Based on GuruFocus' analysis, Evolution AB (CHIX:EVOS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr1,059.75, compared to a current price of kr682.30 — trading 35.6% below its estimated fair value. The current Graham Number is kr299.89, which is 5548% above median its 10-year median of 5.31. Evolution AB's overall GF Score™ is 96/100 with 1 warning sign 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 Evolution AB (CHIX:EVOS), the current Graham Number is kr299.89 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 Evolution AB (CHIX:EVOS) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued.
The current stock price of kr682.30 is trading 35.6% below its estimated GF Value™ of kr1,059.75.
GuruFocus considers Evolution AB to be Significantly Undervalued.
Key valuation signals for CHIX:EVOS:
Graham Number: kr299.89 (5548% above median its 10-year median of 5.31)
GF Value™: kr1,059.75 vs. price of kr682.30 (35.6% below fair value)
No single metric tells the full story. See the CHIX:EVOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
96GF Score
Get the complete analysis for CHIX:EVOS
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