Euro Tech Holdings CoCLWT -1.76%61 Graham Number is $0.94 as of Dec. 2025, which is 16% above its 10-year median of 0.81. GuruFocus rates CLWT with a GF Score™ of 61/100 and a GF Value™ of $1.16 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,200 Industrial Products companies, Euro Tech Holdings Co ranks worse than 51.73% 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.
The historical rank and industry rank for Euro Tech Holdings Co's Graham Number or its related term are showing as below:
CLWT'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.48 Med: 0.81 Max: 1.83
Current: 1.83
During the past 13 years, the highest Price to Graham Number ratio of Euro Tech Holdings Co was 1.83. The lowest was 0.48. And the median was 0.81.
CLWT's Price-to-Graham-Number is ranked worse than 51.73% of 2200
companies
in the Industrial Products industry
Industry Median: 1.77
vs CLWT: 1.83
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Euro Tech Holdings Co (NAS:CLWT) 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.
Euro Tech Holdings Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.72
/
0.94
=
1.83
* 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.
Euro Tech Holdings Co Graham Number Related Terms
Euro Tech Holdings Co Graham Number Historical Data
* Premium members only.
The historical data trend for Euro Tech Holdings Co'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.
CLWT vs EESH, BNET, QWTR: Graham Number Comparison
For the Pollution & Treatment Controls subindustry, Euro Tech Holdings Co'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.
Euro Tech Holdings Co Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Euro Tech Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Euro Tech Holdings Co'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.
Euro Tech Holdings Co (CLWT) has a Graham Number of $0.94 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Euro Tech Holdings Co and its competitors. This is 16% above median its historical median of 0.81. Over the past decade, Euro Tech Holdings Co's Graham Number has ranged from 0.48 to 1.83. According to the industry distribution chart, Euro Tech Holdings Co ranks #1138 out of 2200 companies in the Industrial Products industry, placing it in the top 51.7%.
Is Euro Tech Holdings Co's Graham Number too high?
Euro Tech Holdings Co's current Graham Number of $0.94 is 16% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.83. The Industrial Products industry median Graham Number is 1.77. Euro Tech Holdings Co's value of $0.94 is 46.9% below this industry median. Based on the distribution chart, Euro Tech Holdings Co ranks #1138 out of 2200 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Euro Tech Holdings Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Euro Tech Holdings Co's Graham Number compare to EESH and BNET?
According to the Industrial Products industry distribution chart, Euro Tech Holdings Co ranks #1138 out of 2200 companies for Graham Number. This places Euro Tech Holdings Co in the lower half of its industry. The industry median Graham Number is 1.77. Euro Tech Holdings Co's value of $0.94 is 46.9% below this benchmark. Historically, Euro Tech Holdings Co's own Graham Number has ranged from 0.48 to 1.83 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.77, Euro Tech Holdings Co has consistently been below 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.77, 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. Euro Tech Holdings Co's current Graham Number of $0.94 is 46.9% below 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 Euro Tech Holdings Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euro Tech Holdings Co's current Graham Number is $0.94, which is 16% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro Tech Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Euro Tech Holdings Co (CLWT) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.16, compared to a current price of $1.72 — trading 48.3% above its estimated fair value. The current Graham Number is $0.94, which is 16% above median its 10-year median of 0.81 and 46.9% below the Industrial Products industry median of 1.77. Euro Tech Holdings Co's overall GF Score™ is 61/100 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 Euro Tech Holdings Co (CLWT), the current Graham Number is $0.94 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 Euro Tech Holdings Co (CLWT) Overvalued in 2026?
Based on GuruFocus' analysis, Euro Tech Holdings Co stock appears to be overvalued.
The current stock price of $1.72 is trading 48.3% above its estimated GF Value™ of $1.16.
GuruFocus considers Euro Tech Holdings Co to be Significantly Overvalued.
Key valuation signals for CLWT:
Graham Number: $0.94 (16% above median its 10-year median of 0.81)
GF Value™: $1.16 vs. price of $1.72 (48.3% above fair value)
Industry Position: 46.9% below the Industrial Products median (#1138 of 2200)
No single metric tells the full story. See the CLWT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euro Tech Holdings Co Ltd is mainly a distributor of a wide range of water treatment equipment, laboratory instruments, analyzers, test kits, and related supplies, and power generation equipment, including recorders and power quality analyzers. The Company acts as an exclusive or non-exclusive distributor for manufacturers of such equipment to commercial customers and governmental agencies in Hong Kong and mainland China, as well as commercial customers in Macau. It has two operating segments: Trading and manufacturing, which generate maximum revenue and act as a distributor of water treatment equipment, laboratory instruments, analyzers, test kits, related supplies, and power generation equipment; and the Engineering segment. The Company generates maximum revenue from the PRC.
61GF Score
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