Rias AS (CHIX:RIASBC) Graham Number: kr566.75 (As of Mar. 2026) — 75467% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:RIASBC Rias AS CHIX:RIASBC
74 GF Score
Price kr464.00
GF Value kr411.66
! 7 Warning Signs
View Full Analysis

What is Rias AS Graham Number?

Rias AS CHIX:RIASBC 74 Graham Number is kr566.75 as of Mar. 2026, which is 100% below its 10-year median of 0.75. GuruFocus rates CHIX:RIASBC with a GF Score™ of 74/100 and a GF Value™ of kr411.66. The stock has 7 warning signs investors should review. Among 285 Building Materials companies, Rias AS ranks worse than 61.75% 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 (2026-07-14), the stock price of Rias AS is kr464.00. Rias AS's graham number for the quarter that ended in Mar. 2026 was kr566.75. Therefore, Rias AS's Price to Graham Number ratio for today is 0.82.

The historical rank and industry rank for Rias AS's Graham Number or its related term are showing as below:

CHIX:RIASBc' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.58   Med: 0.75   Max: 1.22
Current: 1.22

During the past 13 years, the highest Price to Graham Number ratio of Rias AS was 1.22. The lowest was 0.58. And the median was 0.75.

CHIX:RIASBc's Price-to-Graham-Number is ranked worse than
61.75% of 285 companies
in the Building Materials industry
Industry Median: 0.96 vs CHIX:RIASBc: 1.22

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Rias AS  (CHIX:RIASBc) 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.

Rias AS's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=464.00/566.75
=0.82

* 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.


Rias AS Graham Number Related Terms


Rias AS Graham Number Historical Data

* Premium members only.

The historical data trend for Rias AS'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.

Rias AS Graham Number Chart

Rias AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 848.42 975.58 841.14 909.58 756.85

Rias AS Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 724.01 909.58 885.18 758.81 566.75

CHIX:RIASBC vs CRH, VMC, MLM: Graham Number Comparison

For the Building Materials subindustry, Rias AS'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.


Rias AS Price-to-Graham-Number vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Rias AS's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Rias AS's Price-to-Graham-Number falls into.


CHIX:RIASBC
74GF Score
Rias AS CHIX:RIASBC
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rias AS Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Rias AS's Graham Number for the fiscal year that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*598.433*42.542)
=756.85

Rias AS's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*542.944*26.293)
=566.75

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of kr566.75 mean?
Rias AS (CHIX:RIASBC) has a Graham Number of kr566.75 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Rias AS and its competitors. This is 75467% above median its historical median of 0.75. Over the past decade, Rias AS's Graham Number has ranged from 0.58 to 1.22. According to the industry distribution chart, Rias AS ranks #176 out of 285 companies in the Building Materials industry, placing it in the top 61.8%.
Is Rias AS's Graham Number too high?
Rias AS's current Graham Number of kr566.75 is 75467% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.22. Based on the distribution chart, Rias AS ranks #176 out of 285 companies in the Building Materials industry, which is below the industry midpoint. Overall, Rias AS has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Rias AS's Graham Number compare to CRH and VMC?
According to the Building Materials industry distribution chart, Rias AS ranks #176 out of 285 companies for Graham Number. This places Rias AS in the lower half of its industry. The industry median Graham Number is 0.96. Historically, Rias AS's own Graham Number has ranged from 0.58 to 1.22 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 Building Materials company?
The median Graham Number among Building Materials companies is 0.96, based on 285 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 Rias AS and its competitors. For the Building Materials industry, the median Graham Number is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rias AS's current Graham Number is kr566.75, which is 75467% 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 Rias AS stock overvalued right now?
Rias AS (CHIX:RIASBC) has a current Graham Number of kr566.75. The stock's GF Value™ is kr411.66, compared to a current price of kr464.00 — trading 12.7% above its estimated fair value. The current Graham Number is kr566.75, which is 75467% above median its 10-year median of 0.75. Rias AS's overall GF Score™ is 74/100 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 Rias AS (CHIX:RIASBC), the current Graham Number is kr566.75 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 Rias AS (CHIX:RIASBC) Overvalued in 2026?

Based on GuruFocus' analysis, Rias AS stock appears to be overvalued. The current stock price of kr464.00 is trading 12.7% above its estimated GF Value™ of kr411.66.

Key valuation signals for CHIX:RIASBC:

  • Graham Number: kr566.75 (75467% above median its 10-year median of 0.75)
  • GF Value™: kr411.66 vs. price of kr464.00 (12.7% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the CHIX:RIASBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rias AS Business Description

Other Exchanges RIAS B:Denmark
Address Industrivej 11, Roskilde, DNK, 4000
Rias AS distributes semi-manufactured plastic products for building and construction work, as well as the industry and public sector in Scandinavia. It operates through the construction and industry product sectors. The company has one operating segment and operates within two product areas, which are the Sale, processing, and distribution of semi-finished plastic products to all branches of the building and construction sector. (Construction) and the Sale, processing, and distribution of semi-finished plastic products to industry and the public sector. Key revenue is generated from domestic sales. Geographically located in Denmark, Sweden, and Other Countries. Maximum revenue is from Denmark.
74GF Score

Get the complete analysis for CHIX:RIASBC

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr464.00
Price
kr411.66
GF Value