PVA TePla AGCHIX:TPED 77 Graham Number is €3.52 as of Mar. 2026, which is 100% below its 10-year median of 2.68. GuruFocus rates CHIX:TPED with a GF Score™ of 77/100 and a GF Value™ of €19.81 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,200 Industrial Products companies, PVA TePla AG ranks worse than 95.5% 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 (2026-07-04), the stock price of PVA TePla AG is €43.88. PVA TePla AG's graham number for the quarter that ended in Mar. 2026 was €3.52. Therefore, PVA TePla AG's Price to Graham Number ratio for today is 12.48.
The historical rank and industry rank for PVA TePla AG's Graham Number or its related term are showing as below:
CHIX:TPEd'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.88 Med: 2.68 Max: 12.4
Current: 12.4
During the past 13 years, the highest Price to Graham Number ratio of PVA TePla AG was 12.40. The lowest was 0.88. And the median was 2.68.
CHIX:TPEd's Price-to-Graham-Number is ranked worse than 95.5% of 2200
companies
in the Industrial Products industry
Industry Median: 1.86
vs CHIX:TPEd: 12.40
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PVA TePla AG (CHIX:TPEd) 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.
PVA TePla AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
43.88
/
3.52
=
12.48
* 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.
PVA TePla AG Graham Number Related Terms
PVA TePla AG Graham Number Historical Data
* Premium members only.
The historical data trend for PVA TePla AG'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:TPED vs GEV, ETN, PH: Graham Number Comparison
For the Specialty Industrial Machinery subindustry, PVA TePla AG'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.
PVA TePla AG Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, PVA TePla AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PVA TePla AG'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.
PVA TePla AG (CHIX:TPED) has a Graham Number of €3.52 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PVA TePla AG and its competitors. This is 31% above median its historical median of 2.68. Over the past decade, PVA TePla AG's Graham Number has ranged from 0.88 to 12.40. According to the industry distribution chart, PVA TePla AG ranks #2101 out of 2200 companies in the Industrial Products industry, placing it in the top 95.5%.
Is PVA TePla AG's Graham Number too high?
PVA TePla AG's current Graham Number of €3.52 is 31% above median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 12.40. Based on the distribution chart, PVA TePla AG ranks #2101 out of 2200 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, PVA TePla AG has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PVA TePla AG's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PVA TePla AG ranks #2101 out of 2200 companies for Graham Number. This places PVA TePla AG in the lower half of its industry. The industry median Graham Number is 1.86. Historically, PVA TePla AG's own Graham Number has ranged from 0.88 to 12.40 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 Products company?
The median Graham Number among Industrial Products companies is 1.86, based on 2,200 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 PVA TePla AG and its competitors. For the Industrial Products industry, the median Graham Number is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PVA TePla AG's current Graham Number is €3.52, which is 31% above median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PVA TePla AG stock overvalued right now?
Based on GuruFocus' analysis, PVA TePla AG (CHIX:TPED) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.81, compared to a current price of €43.88 — trading 121.5% above its estimated fair value. The current Graham Number is €3.52, which is 31% above median its 10-year median of 2.68. PVA TePla AG's overall GF Score™ is 77/100 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 PVA TePla AG (CHIX:TPED), the current Graham Number is €3.52 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 PVA TePla AG (CHIX:TPED) Overvalued in 2026?
Based on GuruFocus' analysis, PVA TePla AG stock appears to be overvalued.
The current stock price of €43.88 is trading 121.5% above its estimated GF Value™ of €19.81.
GuruFocus considers PVA TePla AG to be Significantly Overvalued.
Key valuation signals for CHIX:TPED:
Graham Number: €3.52 (31% above median its 10-year median of 2.68)
GF Value™: €19.81 vs. price of €43.88 (121.5% above fair value)
No single metric tells the full story. See the CHIX:TPED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PVA TePla AG provides high-tech solutions in the fields of materials and measurement technology. The company operates in two reportable segments: Industrial Systems and Semiconductor Systems. The Industrials Systems segment specializes in the development, construction, and marketing of vacuum heat treatment furnaces for processing materials at high temperatures. The Semiconductor Systems segment, which derives key revenue, provides systems for the semiconductor and solar industry, ranging from systems for the production of silicon crystals for the semiconductor, solar, and optoelectronic industry to systems for plasma treatment in the semiconductor assembly. Geographically, the company generates maximum revenue from Europe, and the rest from Asia and North America.
77GF Score
Get the complete analysis for CHIX:TPED
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:TPED has been successfully added to your 
