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ChorusCHRYY -1.25%72 Graham Number is $2.35 as of Dec. 2025, which is 26% below its 10-year median of 3.19. GuruFocus rates CHRYY with a GF Score™ of 72/100 and a GF Value™ of $30.11 (Fairly Valued). The stock has 12 warning signs investors should review. Among 194 Telecommunication Services companies, Chorus ranks worse than 97.94% 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 (2026-08-03), the stock price of Chorus is $27.65. Chorus's graham number for the quarter that ended in Dec. 2025 was $2.35. Therefore, Chorus's Price to Graham Number ratio for today is 11.76.
The historical rank and industry rank for Chorus's Graham Number or its related term are showing as below:
CHRYY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.19 Med: 3.19 Max: 60.36
Current: 11.77
During the past 13 years, the highest Price to Graham Number ratio of Chorus was 60.36. The lowest was 1.19. And the median was 3.19.
CHRYY's Price-to-Graham-Number is ranked worse than 97.94% of 194
companies
in the Telecommunication Services industry
Industry Median: 1.57
vs CHRYY: 11.77
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Chorus's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
27.65
/
2.35
=
11.76
* 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.
Chorus Graham Number Related Terms
Chorus Graham Number Historical Data
* Premium members only.
The historical data trend for Chorus'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.
For the Telecom Services subindustry, Chorus'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.
Chorus Price-to-Graham-Number vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Chorus's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Chorus'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.
Chorus (CHRYY) has a Graham Number of $2.35 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Chorus and its competitors. This is 26% below median its historical median of 3.19. Over the past decade, Chorus' Graham Number has ranged from 1.19 to 60.36. According to the industry distribution chart, Chorus ranks #190 out of 194 companies in the Telecommunication Services industry, placing it in the top 97.9%.
Is Chorus' Graham Number too high?
Chorus' current Graham Number of $2.35 is 26% below median its 10-year median of 3.19. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 60.36. The Telecommunication Services industry median Graham Number is 1.57. Chorus' value of $2.35 is 49.7% above this industry median. Based on the distribution chart, Chorus ranks #190 out of 194 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Chorus has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chorus' Graham Number compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Chorus ranks #190 out of 194 companies for Graham Number. This places Chorus in the lower half of its industry. The industry median Graham Number is 1.57. Chorus' value of $2.35 is 49.7% above this benchmark. Historically, Chorus' own Graham Number has ranged from 1.19 to 60.36 over the past decade. While the company's 10-year median is 3.19 vs. the industry median of 1.57, Chorus has consistently been above the industry average. 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 Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.57, based on 194 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. Chorus's current Graham Number of $2.35 is 49.7% above the industry median. 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 Chorus and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chorus's current Graham Number is $2.35, which is 26% below median its own 10-year median of 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chorus stock overvalued right now?
Based on GuruFocus' analysis, Chorus (CHRYY) is currently considered Fairly Valued. The stock's GF Value™ is $30.11, compared to a current price of $27.65 — trading 8.2% below its estimated fair value. The current Graham Number is $2.35, which is 26% below median its 10-year median of 3.19 and 49.7% above the Telecommunication Services industry median of 1.57. Chorus' overall GF Score™ is 72/100 with 12 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 Chorus (CHRYY), the current Graham Number is $2.35 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 Chorus (CHRYY) Overvalued in 2026?
Based on GuruFocus' analysis, Chorus stock appears to be undervalued.
The current stock price of $27.65 is trading 8.2% below its estimated GF Value™ of $30.11.
GuruFocus considers Chorus to be Fairly Valued.
Key valuation signals for CHRYY:
Graham Number: $2.35 (26% below median its 10-year median of 3.19)
GF Value™: $30.11 vs. price of $27.65 (8.2% below fair value)
Industry Position: 49.7% above the Telecommunication Services median (#190 of 194)
No single metric tells the full story. See the CHRYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chorus is New Zealand's largest fixed-line communications infrastructure entity. It completed the government's rollout of ultra-fast broadband a fiber-to-the-premises network covering 87% of the population in New Zealand in December 2022. Chorus offers wholesale access to the country's only nationwide copper and fiber infrastructure network. This allows around 100 retail service providers to enable consumers and business to connect to the internet and other telecommunications products. Chorus also provides backhaul services to retail service providers and connects mobile telephony towers.
72GF Score
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