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Old MutualCHIX:OMUL -0.34%56 Graham Number is £1.02 as of Dec. 2025, which is 100% below its 10-year median of 0.63. GuruFocus rates CHIX:OMUL with a GF Score™ of 56/100 and a GF Value™ of £0.94 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 292 Diversified Financial Services companies, Old Mutual ranks better than 92.47% 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 (2026-07-23), the stock price of Old Mutual is £0.592. Old Mutual's graham number for the quarter that ended in Dec. 2025 was £1.02. Therefore, Old Mutual's Price to Graham Number ratio for today is 0.58.
The historical rank and industry rank for Old Mutual's Graham Number or its related term are showing as below:
CHIX:OMUl'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.54 Med: 0.63 Max: 0.81
Current: 0.56
During the past 13 years, the highest Price to Graham Number ratio of Old Mutual was 0.81. The lowest was 0.54. And the median was 0.63.
CHIX:OMUl's Price-to-Graham-Number is ranked better than 92.47% of 292
companies
in the Diversified Financial Services industry
Industry Median: 1.825
vs CHIX:OMUl: 0.56
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Old Mutual (CHIX:OMUl) 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.
Old Mutual's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.592
/
1.02
=
0.58
* 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.
Old Mutual Graham Number Related Terms
Old Mutual Graham Number Historical Data
* Premium members only.
The historical data trend for Old Mutual'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 Financial Conglomerates subindustry, Old Mutual'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.
Old Mutual Price-to-Graham-Number vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Old Mutual's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Old Mutual'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.
Old Mutual (CHIX:OMUL) has a Graham Number of £1.02 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Old Mutual and its competitors. This is 62% above median its historical median of 0.63. Over the past decade, Old Mutual's Graham Number has ranged from 0.54 to 0.81. According to the industry distribution chart, Old Mutual ranks #22 out of 292 companies in the Diversified Financial Services industry, placing it in the top 7.5%.
Is Old Mutual's Graham Number too high?
Old Mutual's current Graham Number of £1.02 is 62% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 0.81. Based on the distribution chart, Old Mutual ranks #22 out of 292 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Old Mutual has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Old Mutual's Graham Number compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Old Mutual ranks #22 out of 292 companies for Graham Number. This places Old Mutual in the top 8% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.83. Historically, Old Mutual's own Graham Number has ranged from 0.54 to 0.81 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 Diversified Financial Services company?
The median Graham Number among Diversified Financial Services companies is 1.83, based on 292 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 Old Mutual and its competitors. For the Diversified Financial Services industry, the median Graham Number is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Mutual's current Graham Number is £1.02, which is 62% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Mutual stock overvalued right now?
Based on GuruFocus' analysis, Old Mutual (CHIX:OMUL) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.94, compared to a current price of £0.59 — trading 37% below its estimated fair value. The current Graham Number is £1.02, which is 62% above median its 10-year median of 0.63. Old Mutual's overall GF Score™ is 56/100 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 Old Mutual (CHIX:OMUL), the current Graham Number is £1.02 as of Dec. 2025. 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 Old Mutual (CHIX:OMUL) Overvalued in 2026?
Based on GuruFocus' analysis, Old Mutual stock appears to be undervalued.
The current stock price of £0.59 is trading 37% below its estimated GF Value™ of £0.94.
GuruFocus considers Old Mutual to be Significantly Undervalued.
Key valuation signals for CHIX:OMUL:
Graham Number: £1.02 (62% above median its 10-year median of 0.63)
GF Value™: £0.94 vs. price of £0.59 (37% below fair value)
No single metric tells the full story. See the CHIX:OMUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Mutual Ltd provides financial services that include wealth management, banking, asset management, and insurance. The firm is organized into the following operational segments: Old Mutual Life and Savings, Old Mutual Investments, Old Mutual Banking, Old Mutual Insure, Old Mutual Africa Regions, and Other Group Activities. The company generates key revenue from Old Mutual Life and Savings, which comprises retail and corporate segments offering risk, savings, investment, lending, and income products across diverse markets. This includes simple financial solutions for low- to lower-middle-income customers, holistic financial advice and tailored investment offerings for middle-income and high-net-worth individuals, and employee benefits and business solutions for SMEs.
56GF Score
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