Central Pattana PCLCPPBY 90 Graham Number is $14.72 as of Mar. 2026, which is 503% above its 10-year median of 2.44. GuruFocus rates CPPBY with a GF Score™ of 90/100 and a GF Value™ of $23.14. The stock has 6 warning signs investors should review. Among 1,165 Real Estate companies, Central Pattana PCL ranks worse than 78.45% 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 (2026-06-25), the stock price of Central Pattana PCL is $23.40. Central Pattana PCL's graham number for the quarter that ended in Mar. 2026 was $14.72. Therefore, Central Pattana PCL's Price to Graham Number ratio for today is 1.59.
The historical rank and industry rank for Central Pattana PCL's Graham Number or its related term are showing as below:
CPPBY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.13 Med: 2.44 Max: 4.48
Current: 1.37
During the past 13 years, the highest Price to Graham Number ratio of Central Pattana PCL was 4.48. The lowest was 1.13. And the median was 2.44.
CPPBY's Price-to-Graham-Number is ranked worse than 78.45% of 1165
companies
in the Real Estate industry
Industry Median: 0.74
vs CPPBY: 1.37
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Central Pattana PCL (OTCPK:CPPBY) 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.
Central Pattana PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
23.40
/
14.72
=
1.59
* 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.
Central Pattana PCL Graham Number Related Terms
Central Pattana PCL Graham Number Historical Data
* Premium members only.
The historical data trend for Central Pattana PCL'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.
Central Pattana PCL Graham Number Competitor Comparison
For the Real Estate - Diversified subindustry, Central Pattana PCL'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.
Central Pattana PCL Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Central Pattana PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Central Pattana PCL'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.
Central Pattana PCL (CPPBY) has a Graham Number of $14.72 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Central Pattana PCL and its competitors. This is 503% above median its historical median of 2.44. Over the past decade, Central Pattana PCL's Graham Number has ranged from 1.13 to 4.48. According to the industry distribution chart, Central Pattana PCL ranks #914 out of 1165 companies in the Real Estate industry, placing it in the top 78.5%.
Is Central Pattana PCL's Graham Number too high?
Central Pattana PCL's current Graham Number of $14.72 is 503% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 4.48. The Real Estate industry median Graham Number is 0.74. Central Pattana PCL's value of $14.72 is 1889.2% above this industry median. Based on the distribution chart, Central Pattana PCL ranks #914 out of 1165 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Central Pattana PCL has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Central Pattana PCL's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Central Pattana PCL ranks #914 out of 1165 companies for Graham Number. This places Central Pattana PCL in the lower half of its industry. The industry median Graham Number is 0.74. Central Pattana PCL's value of $14.72 is 1889.2% above this benchmark. Historically, Central Pattana PCL's own Graham Number has ranged from 1.13 to 4.48 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 0.74, Central Pattana PCL 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,165 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. Central Pattana PCL's current Graham Number of $14.72 is 1889.2% 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 Central Pattana PCL and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Pattana PCL's current Graham Number is $14.72, which is 503% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Pattana PCL stock overvalued right now?
Central Pattana PCL (CPPBY) has a current Graham Number of $14.72. The stock's GF Value™ is $23.14, compared to a current price of $23.40 — trading 1.1% above its estimated fair value. The current Graham Number is $14.72, which is 503% above median its 10-year median of 2.44 and 1889.2% above the Real Estate industry median of 0.74. Central Pattana PCL's overall GF Score™ is 90/100 with 6 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 Central Pattana PCL (CPPBY), the current Graham Number is $14.72 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 Central Pattana PCL (CPPBY) Overvalued in 2026?
Based on GuruFocus' analysis, Central Pattana PCL stock appears to be overvalued.
The current stock price of $23.40 is trading 1.1% above its estimated GF Value™ of $23.14.
Key valuation signals for CPPBY:
Graham Number: $14.72 (503% above median its 10-year median of 2.44)
GF Value™: $23.14 vs. price of $23.40 (1.1% above fair value)
Industry Position: 1889.2% above the Real Estate median (#914 of 1165)
No single metric tells the full story. See the CPPBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Pattana PCL is engaged in the development and management of properties, including the construction of office buildings and shopping centers for rent, the provision of utility services within shopping centers, the sale of food and beverages, and the delivery of property management consulting and corporate services. Its segments are the development of shopping center buildings, office buildings, and condominiums for rent, including food center services, utility services, and the operation of playlands and water theme parks, which generate the majority of the company's revenue; the hotel business; and the real estate business, which involves the sale of land, houses, and condominium units. The Group is mainly managed and operates principally in Thailand.
90GF Score
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