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Thermador GroupeCHIX:THEPP 89 Graham Number is €57.15 as of Dec. 2025, which is 100% below its 10-year median of 1.49. GuruFocus rates CHIX:THEPP with a GF Score™ of 89/100 and a GF Value™ of €81.21. The stock has 6 warning signs investors should review. Among 115 Industrial Distribution companies, Thermador Groupe ranks worse than 62.61% 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 (2026-07-15), the stock price of Thermador Groupe is €84.75. Thermador Groupe's graham number for the quarter that ended in Dec. 2025 was €57.15. Therefore, Thermador Groupe's Price to Graham Number ratio for today is 1.48.
The historical rank and industry rank for Thermador Groupe's Graham Number or its related term are showing as below:
CHIX:THEPp'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.28 Med: 1.49 Max: 2.14
Current: 1.36
During the past 13 years, the highest Price to Graham Number ratio of Thermador Groupe was 2.14. The lowest was 1.28. And the median was 1.49.
CHIX:THEPp's Price-to-Graham-Number is ranked worse than 62.61% of 115
companies
in the Industrial Distribution industry
Industry Median: 0.96
vs CHIX:THEPp: 1.36
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Thermador Groupe (CHIX:THEPp) 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.
Thermador Groupe's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
84.75
/
57.15
=
1.48
* 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.
Thermador Groupe Graham Number Related Terms
Thermador Groupe Graham Number Historical Data
* Premium members only.
The historical data trend for Thermador Groupe'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:THEPP vs GWW, FAST, FERG: Graham Number Comparison
For the Industrial Distribution subindustry, Thermador Groupe'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.
Thermador Groupe Price-to-Graham-Number vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Thermador Groupe's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Thermador Groupe'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.
Thermador Groupe (CHIX:THEPP) has a Graham Number of €57.15 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Thermador Groupe and its competitors. This is 3736% above median its historical median of 1.49. Over the past decade, Thermador Groupe's Graham Number has ranged from 1.28 to 2.14. According to the industry distribution chart, Thermador Groupe ranks #72 out of 115 companies in the Industrial Distribution industry, placing it in the top 62.6%.
Is Thermador Groupe's Graham Number too high?
Thermador Groupe's current Graham Number of €57.15 is 3736% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 2.14. Based on the distribution chart, Thermador Groupe ranks #72 out of 115 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Thermador Groupe has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Thermador Groupe's Graham Number compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Thermador Groupe ranks #72 out of 115 companies for Graham Number. This places Thermador Groupe in the lower half of its industry. The industry median Graham Number is 0.96. Historically, Thermador Groupe's own Graham Number has ranged from 1.28 to 2.14 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 an Industrial Distribution company?
The median Graham Number among Industrial Distribution companies is 0.96, based on 115 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 Thermador Groupe and its competitors. For the Industrial Distribution 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. Thermador Groupe's current Graham Number is €57.15, which is 3736% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermador Groupe stock overvalued right now?
Thermador Groupe (CHIX:THEPP) has a current Graham Number of €57.15. The stock's GF Value™ is €81.21, compared to a current price of €84.75 — trading 4.4% above its estimated fair value. The current Graham Number is €57.15, which is 3736% above median its 10-year median of 1.49. Thermador Groupe's overall GF Score™ is 89/100 with 6 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 Thermador Groupe (CHIX:THEPP), the current Graham Number is €57.15 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 Thermador Groupe (CHIX:THEPP) Overvalued in 2026?
Based on GuruFocus' analysis, Thermador Groupe stock appears to be overvalued.
The current stock price of €84.75 is trading 4.4% above its estimated GF Value™ of €81.21.
Key valuation signals for CHIX:THEPP:
Graham Number: €57.15 (3736% above median its 10-year median of 1.49)
GF Value™: €81.21 vs. price of €84.75 (4.4% above fair value)
No single metric tells the full story. See the CHIX:THEPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermador Groupe SA operates as a corporate group that owns and manages businesses engaged in the distribution of equipment and accessories for fluid circulation used in construction, public works, and industrial applications. Its product portfolio includes heating and domestic hot water accessories, heating pumps, plumbing equipment, sanitary and building taps, ventilation systems, industrial valves, cold water pumps, plastic pipes and fittings for wet and dry networks, irrigation and construction materials, swimming pool equipment, as well as tools and equipment such as air compressors, generators, and welding sets for professional and consumer markets.
89GF Score
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