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Nordea Bank AbpCHIX:NDAS 65 Graham Number is kr174.37 as of Jun. 2026, which is 100% below its 10-year median of 0.75. GuruFocus rates CHIX:NDAS with a GF Score™ of 65/100 and a GF Value™ of kr129.50 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,436 Banks companies, Nordea Bank Abp ranks worse than 80.08% 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 Nordea Bank Abp is kr185.50. Nordea Bank Abp's graham number for the quarter that ended in Jun. 2026 was kr174.37. Therefore, Nordea Bank Abp's Price to Graham Number ratio for today is 1.06.
The historical rank and industry rank for Nordea Bank Abp's Graham Number or its related term are showing as below:
CHIX:NDAs'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 0.75 Max: 1.08
Current: 1.08
During the past 13 years, the highest Price to Graham Number ratio of Nordea Bank Abp was 1.08. The lowest was 0.52. And the median was 0.75.
CHIX:NDAs's Price-to-Graham-Number is ranked worse than 80.08% of 1436
companies
in the Banks industry
Industry Median: 0.81
vs CHIX:NDAs: 1.08
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nordea Bank Abp (CHIX:NDAs) 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.
Nordea Bank Abp's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
185.50
/
174.37
=
1.06
* 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.
Nordea Bank Abp Graham Number Related Terms
Nordea Bank Abp Graham Number Historical Data
* Premium members only.
The historical data trend for Nordea Bank Abp'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.
For the Banks - Regional subindustry, Nordea Bank Abp'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.
Nordea Bank Abp Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Nordea Bank Abp's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nordea Bank Abp'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.
Nordea Bank Abp (CHIX:NDAS) has a Graham Number of kr174.37 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nordea Bank Abp and its competitors. This is 23149% above median its historical median of 0.75. Over the past decade, Nordea Bank Abp's Graham Number has ranged from 0.52 to 1.08. According to the industry distribution chart, Nordea Bank Abp ranks #1150 out of 1436 companies in the Banks industry, placing it in the top 80.1%.
Is Nordea Bank Abp's Graham Number too high?
Nordea Bank Abp's current Graham Number of kr174.37 is 23149% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.08. Based on the distribution chart, Nordea Bank Abp ranks #1150 out of 1436 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Nordea Bank Abp has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordea Bank Abp's Graham Number compare to PNC and USB?
According to the Banks industry distribution chart, Nordea Bank Abp ranks #1150 out of 1436 companies for Graham Number. This places Nordea Bank Abp in the lower half of its industry. The industry median Graham Number is 0.81. Historically, Nordea Bank Abp's own Graham Number has ranged from 0.52 to 1.08 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,436 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 Nordea Bank Abp and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordea Bank Abp's current Graham Number is kr174.37, which is 23149% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordea Bank Abp stock overvalued right now?
Based on GuruFocus' analysis, Nordea Bank Abp (CHIX:NDAS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr129.50, compared to a current price of kr185.50 — trading 43.2% above its estimated fair value. The current Graham Number is kr174.37, which is 23149% above median its 10-year median of 0.75. Nordea Bank Abp's overall GF Score™ is 65/100 with 8 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 Nordea Bank Abp (CHIX:NDAS), the current Graham Number is kr174.37 as of Jun. 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 Nordea Bank Abp (CHIX:NDAS) Overvalued in 2026?
Based on GuruFocus' analysis, Nordea Bank Abp stock appears to be overvalued.
The current stock price of kr185.50 is trading 43.2% above its estimated GF Value™ of kr129.50.
GuruFocus considers Nordea Bank Abp to be Significantly Overvalued.
Key valuation signals for CHIX:NDAS:
Graham Number: kr174.37 (23149% above median its 10-year median of 0.75)
GF Value™: kr129.50 vs. price of kr185.50 (43.2% above fair value)
No single metric tells the full story. See the CHIX:NDAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordea is a universal Nordic bank that generates most of its income through vanilla lending products such as mortgages, household loans, and corporate loans. The bank is also a leading equity and debt underwriter and issuer, specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.
65GF Score
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