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.
CHIX:IGDm'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.24 Med: 0.49 Max: 0.69
Current: 0.47
During the past 13 years, the highest Price to Graham Number ratio of Immobiliare Grande Distribuzione SiiQ SpA was 0.69. The lowest was 0.24. And the median was 0.49.
CHIX:IGDm's Price-to-Graham-Number is ranked better than 83.58% of 731
companies
in the REITs industry
Industry Median: 0.74
vs CHIX:IGDm: 0.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDm) 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.
Immobiliare Grande Distribuzione SiiQ SpA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.645
/
8.68
=
0.42
* 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.
Immobiliare Grande Distribuzione SiiQ SpA Graham Number Related Terms
Immobiliare Grande Distribuzione SiiQ SpA 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.
Immobiliare Grande Distribuzione SiiQ SpA Graham Number Chart
Immobiliare Grande Distribuzione SiiQ SpA Annual Data
CHIX:IGDM vs SPG, O, KIM: Graham Number Comparison
For the REIT - Retail subindustry, Immobiliare Grande Distribuzione SiiQ SpA'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.
Immobiliare Grande Distribuzione SiiQ SpA Price-to-Graham-Number vs REITs 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.
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) has a Graham Number of €8.68 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Immobiliare Grande Distribuzione SiiQ SpA and its competitors. This is 1671% above median its historical median of 0.49. Over the past decade, Immobiliare Grande Distribuzione SiiQ SpA's Graham Number has ranged from 0.24 to 0.69. According to the industry distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #120 out of 731 companies in the REITs industry, placing it in the top 16.4%.
Is Immobiliare Grande Distribuzione SiiQ SpA's Graham Number too high?
Immobiliare Grande Distribuzione SiiQ SpA's current Graham Number of €8.68 is 1671% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.69. Based on the distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #120 out of 731 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Immobiliare Grande Distribuzione SiiQ SpA has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Immobiliare Grande Distribuzione SiiQ SpA's Graham Number compare to SPG and O?
According to the REITs industry distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #120 out of 731 companies for Graham Number. This places Immobiliare Grande Distribuzione SiiQ SpA in the top 16% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.74. Historically, Immobiliare Grande Distribuzione SiiQ SpA's own Graham Number has ranged from 0.24 to 0.69 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 731 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 Immobiliare Grande Distribuzione SiiQ SpA and its competitors. For the REITs 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. Immobiliare Grande Distribuzione SiiQ SpA's current Graham Number is €8.68, which is 1671% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immobiliare Grande Distribuzione SiiQ SpA stock overvalued right now?
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) has a current Graham Number of €8.68. The stock's GF Value™ is €2.09, compared to a current price of €3.65 — trading 74.4% above its estimated fair value. The current Graham Number is €8.68, which is 1671% above median its 10-year median of 0.49. Immobiliare Grande Distribuzione SiiQ SpA's overall GF Score™ is 56/100 with 5 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 Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM), the current Graham Number is €8.68 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 Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) Overvalued in 2026?
Based on GuruFocus' analysis, Immobiliare Grande Distribuzione SiiQ SpA stock appears to be overvalued.
The current stock price of €3.65 is trading 74.4% above its estimated GF Value™ of €2.09.
Key valuation signals for CHIX:IGDM:
Graham Number: €8.68 (1671% above median its 10-year median of 0.49)
GF Value™: €2.09 vs. price of €3.65 (74.4% above fair value)
No single metric tells the full story. See the CHIX:IGDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immobiliare Grande Distribuzione SiiQ SpA Business Description
Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that owns and manages a portfolio of shopping centers in Italy and Romania. The company's portfolio mainly consists of shopping centers, hypermarkets, supermarkets, and galleries. In addition, the firm also acts as a service provider, providing agency management and piloting, and facility management services to third parties, and is involved in trading activity concerning the sale of residential units built within the Porta a Mare project in Livorno. The company operates in three main business segments: Core business properties, which generate maximum revenue, Services, and the Porta a Mare Project. Geographically, it derives key revenue from Italy.
56GF Score
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