Nokian Tyres (CHIX:TYRESH) Graham Number: €N/A (As of Mar. 2026)

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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.
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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:TYRESH Nokian Tyres PLC CHIX:TYRESH
69 GF Score
Price €11.60
GF Value €10.21
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Nokian Tyres Graham Number?

Nokian Tyres CHIX:TYRESH 69 Graham Number is €N/A as of Mar. 2026. GuruFocus rates CHIX:TYRESH with a GF Score™ of 69/100 and a GF Value™ of €10.21 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 984 Vehicles & Parts companies, Nokian Tyres ranks worse than 101625.91% 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 Nokian Tyres is €11.595. Nokian Tyres's graham number for the quarter that ended in Mar. 2026 was €N/A. Therefore, Nokian Tyres's Price to Graham Number ratio for today is N/A.

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

During the past 13 years, the highest Price to Graham Number ratio of Nokian Tyres was 3.02. The lowest was 0.63. And the median was 1.79.

CHIX:TYRESh's Price-to-Graham-Number is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.155
* Ranked among companies with meaningful Price-to-Graham-Number only.

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


Nokian Tyres  (CHIX:TYRESh) 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.

Nokian Tyres's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=11.595/N/A
=N/A

* 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.


Nokian Tyres Graham Number Related Terms


Nokian Tyres Graham Number Historical Data

* Premium members only.

The historical data trend for Nokian Tyres'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.

Nokian Tyres Graham Number Chart

Nokian Tyres Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.85 7.45 3.64 0.00 0.00

Nokian Tyres Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 0.00 0.00

CHIX:TYRESH vs ORLY, AZO, GPC: Graham Number Comparison

For the Auto Parts subindustry, Nokian Tyres'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.


Nokian Tyres Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Price-to-Graham-Number distribution charts can be found below:

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


CHIX:TYRESH
69GF Score
Nokian Tyres PLC CHIX:TYRESH
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nokian Tyres Graham Number Calculation

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

Nokian Tyres's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*7.825*-0.09)
=N/A

Nokian Tyres'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*7.519*0)
=N/A

* 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 €N/A mean?
Nokian Tyres (CHIX:TYRESH) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nokian Tyres and its competitors. Over the past decade, Nokian Tyres' Graham Number has ranged from 0.63 to 3.02. According to the industry distribution chart, Nokian Tyres ranks #999999 out of 984 companies in the Vehicles & Parts industry.
Is Nokian Tyres' Graham Number too high?
Nokian Tyres' current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 3.02. Based on the distribution chart, Nokian Tyres ranks #999999 out of 984 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nokian Tyres has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nokian Tyres ranks #999999 out of 984 companies for Graham Number. This places Nokian Tyres in the lower half of its industry. The industry median Graham Number is 1.16. Historically, Nokian Tyres' own Graham Number has ranged from 0.63 to 3.02 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.16, based on 984 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 Nokian Tyres and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokian Tyres's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (CHIX:TYRESH) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.21, compared to a current price of €11.60 — trading 13.6% above its estimated fair value. The current Graham Number is €N/A. Nokian Tyres' overall GF Score™ is 69/100 with 11 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 Nokian Tyres (CHIX:TYRESH), the current Graham Number is €N/A 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 Nokian Tyres (CHIX:TYRESH) Overvalued in 2026?

Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued. The current stock price of €11.60 is trading 13.6% above its estimated GF Value™ of €10.21. GuruFocus considers Nokian Tyres to be Modestly Overvalued.

Key valuation signals for CHIX:TYRESH:

  • Graham Number: €N/A
  • GF Value™: €10.21 vs. price of €11.60 (13.6% above fair value)
  • GF Score™: 69/100 with 11 warning signs

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


Nokian Tyres Business Description

Address Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
69GF Score

Get the complete analysis for CHIX:TYRESH

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

€11.60
Price
€10.21
GF Value