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CLP HoldingsCLPHF 71 Graham Number is $7.71 as of Dec. 2025, which is 493% above its 10-year median of 1.30. GuruFocus rates CLPHF with a GF Score™ of 71/100 and a GF Value™ of $7.77 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 415 Utilities - Regulated companies, CLP Holdings ranks worse than 55.9% 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 CLP Holdings is $9.2775. CLP Holdings's graham number for the quarter that ended in Dec. 2025 was $7.71. Therefore, CLP Holdings's Price to Graham Number ratio for today is 1.20.
The historical rank and industry rank for CLP Holdings's Graham Number or its related term are showing as below:
CLPHF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.05 Med: 1.3 Max: 2.84
Current: 1.28
During the past 13 years, the highest Price to Graham Number ratio of CLP Holdings was 2.84. The lowest was 1.05. And the median was 1.30.
CLPHF's Price-to-Graham-Number is ranked worse than 55.9% of 415
companies
in the Utilities - Regulated industry
Industry Median: 1.11
vs CLPHF: 1.28
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
CLP Holdings (OTCPK:CLPHF) 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.
CLP Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
9.2775
/
7.71
=
1.20
* 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.
CLP Holdings Graham Number Related Terms
CLP Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for CLP Holdings'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 Utilities - Regulated Electric subindustry, CLP Holdings'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.
CLP Holdings Price-to-Graham-Number vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where CLP Holdings'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.
CLP Holdings (CLPHF) has a Graham Number of $7.71 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on CLP Holdings and its competitors. This is 493% above median its historical median of 1.30. Over the past decade, CLP Holdings' Graham Number has ranged from 1.05 to 2.84. According to the industry distribution chart, CLP Holdings ranks #232 out of 415 companies in the Utilities - Regulated industry, placing it in the top 55.9%.
Is CLP Holdings' Graham Number too high?
CLP Holdings' current Graham Number of $7.71 is 493% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.84. The Utilities - Regulated industry median Graham Number is 1.11. CLP Holdings' value of $7.71 is 594.6% above this industry median. Based on the distribution chart, CLP Holdings ranks #232 out of 415 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, CLP Holdings has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CLP Holdings' Graham Number compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CLP Holdings ranks #232 out of 415 companies for Graham Number. This places CLP Holdings in the lower half of its industry. The industry median Graham Number is 1.11. CLP Holdings' value of $7.71 is 594.6% above this benchmark. Historically, CLP Holdings' own Graham Number has ranged from 1.05 to 2.84 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.11, CLP Holdings 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 an Utilities - Regulated company?
The median Graham Number among Utilities - Regulated companies is 1.11, based on 415 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. CLP Holdings's current Graham Number of $7.71 is 594.6% 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 CLP Holdings and its competitors. For the Utilities - Regulated industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CLP Holdings's current Graham Number is $7.71, which is 493% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CLP Holdings stock overvalued right now?
Based on GuruFocus' analysis, CLP Holdings (CLPHF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.77, compared to a current price of $9.28 — trading 19.4% above its estimated fair value. The current Graham Number is $7.71, which is 493% above median its 10-year median of 1.30 and 594.6% above the Utilities - Regulated industry median of 1.11. CLP Holdings' overall GF Score™ is 71/100 with 9 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 CLP Holdings (CLPHF), the current Graham Number is $7.71 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 CLP Holdings (CLPHF) Overvalued in 2026?
Based on GuruFocus' analysis, CLP Holdings stock appears to be overvalued.
The current stock price of $9.28 is trading 19.4% above its estimated GF Value™ of $7.77.
GuruFocus considers CLP Holdings to be Modestly Overvalued.
Key valuation signals for CLPHF:
Graham Number: $7.71 (493% above median its 10-year median of 1.30)
GF Value™: $7.77 vs. price of $9.28 (19.4% above fair value)
Industry Position: 594.6% above the Utilities - Regulated median (#232 of 415)
No single metric tells the full story. See the CLPHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the territory's population. It generates, transmits, and distributes electricity to about 2.8 million customer accounts in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government, with a permitted return on net fixed assets of 8% to December 2033. About 70% of group EBITDA is from Hong Kong, its highest-quality business. Besides Hong Kong, the company has expanded overseas, with generation and energy retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia.
71GF Score
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