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Solar ASCHIX:SOLABC 65 Graham Number is kr190.45 as of Mar. 2026, which is 100% below its 10-year median of 1.03. GuruFocus rates CHIX:SOLABC with a GF Score™ of 65/100 and a GF Value™ of kr304.00 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,621 Hardware companies, Solar AS ranks better than 73.97% 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 (2026-07-16), the stock price of Solar AS is kr198.20. Solar AS's graham number for the quarter that ended in Mar. 2026 was kr190.45. Therefore, Solar AS's Price to Graham Number ratio for today is 1.04.
The historical rank and industry rank for Solar AS's Graham Number or its related term are showing as below:
CHIX:SOLABc'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.67 Med: 1.03 Max: 1.8
Current: 1.02
During the past 13 years, the highest Price to Graham Number ratio of Solar AS was 1.80. The lowest was 0.67. And the median was 1.03.
CHIX:SOLABc's Price-to-Graham-Number is ranked better than 73.97% of 1621
companies
in the Hardware industry
Industry Median: 1.95
vs CHIX:SOLABc: 1.02
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Solar AS (CHIX:SOLABc) 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.
Solar AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
198.20
/
190.45
=
1.04
* 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.
Solar AS Graham Number Related Terms
Solar AS Graham Number Historical Data
* Premium members only.
The historical data trend for Solar 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.
CHIX:SOLABC vs SNX, ARW, AVT: Graham Number Comparison
For the Electronics & Computer Distribution subindustry, Solar 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.
Solar AS Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Solar AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Solar AS'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.
Solar AS (CHIX:SOLABC) has a Graham Number of kr190.45 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Solar AS and its competitors. This is 18390% above median its historical median of 1.03. Over the past decade, Solar AS's Graham Number has ranged from 0.67 to 1.80. According to the industry distribution chart, Solar AS ranks #422 out of 1621 companies in the Hardware industry, placing it in the top 26%.
Is Solar AS's Graham Number too high?
Solar AS's current Graham Number of kr190.45 is 18390% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.80. Based on the distribution chart, Solar AS ranks #422 out of 1621 companies in the Hardware industry, which is above the industry midpoint. Overall, Solar AS has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's Graham Number compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #422 out of 1621 companies for Graham Number. This puts Solar AS in the upper half of its industry. The industry median Graham Number is 1.95. Historically, Solar AS's own Graham Number has ranged from 0.67 to 1.80 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 Hardware company?
The median Graham Number among Hardware companies is 1.95, based on 1,621 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 Solar AS and its competitors. For the Hardware industry, the median Graham Number is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current Graham Number is kr190.45, which is 18390% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (CHIX:SOLABC) is currently considered Possible Value Trap. The stock's GF Value™ is kr304.00, compared to a current price of kr198.20 — trading 34.8% below its estimated fair value. The current Graham Number is kr190.45, which is 18390% above median its 10-year median of 1.03. Solar AS'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 Solar AS (CHIX:SOLABC), the current Graham Number is kr190.45 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 Solar AS (CHIX:SOLABC) Overvalued in 2026?
Based on GuruFocus' analysis, Solar AS stock appears to be undervalued.
The current stock price of kr198.20 is trading 34.8% below its estimated GF Value™ of kr304.00.
GuruFocus considers Solar AS to be Possible Value Trap.
Key valuation signals for CHIX:SOLABC:
Graham Number: kr190.45 (18390% above median its 10-year median of 1.03)
GF Value™: kr304.00 vs. price of kr198.20 (34.8% below fair value)
No single metric tells the full story. See the CHIX:SOLABC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
65GF Score
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