EGG (Enigmatig) Graham Number: $0.57 (As of Sep. 2025) — 95% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

EGG Enigmatig Ltd EGG
21 GF Score
Price $3.65
! 2 Warning Signs
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What is Enigmatig Graham Number?

Enigmatig EGG +1.39% 21 Graham Number is $0.57 as of Sep. 2025, which is 95% below its 10-year median of 11.15. GuruFocus rates EGG with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 700 Business Services companies, Enigmatig ranks worse than 95.57% 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 (2026-08-02), the stock price of Enigmatig is $3.65. Enigmatig's graham number for the quarter that ended in Sep. 2025 was $0.57. Therefore, Enigmatig's Price to Graham Number ratio for today is 6.44.

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

EGG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 6.4   Med: 11.15   Max: 11.15
Current: 6.4

During the past 5 years, the highest Price to Graham Number ratio of Enigmatig was 11.15. The lowest was 6.40. And the median was 11.15.

EGG's Price-to-Graham-Number is ranked worse than
95.57% of 700 companies
in the Business Services industry
Industry Median: 1.2 vs EGG: 6.40

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


Enigmatig  (AMEX:EGG) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2025 )
=3.65/0.57
=6.44

* 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.


Enigmatig Graham Number Related Terms


Enigmatig Graham Number Historical Data

* Premium members only.

The historical data trend for Enigmatig'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.

Enigmatig Graham Number Chart

Enigmatig Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Graham Number
0.00 0.00 0.19 0.24 0.52

Enigmatig Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Graham Number Get a 7-Day Free Trial Premium Member Only 0.19 0.00 0.23 0.46 0.57

EGG vs RGP, GLAI, FORR: Graham Number Comparison

For the Consulting Services subindustry, Enigmatig'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.


Enigmatig Price-to-Graham-Number vs Business Services Industry

For the Business Services industry and Industrials sector, Enigmatig's Price-to-Graham-Number distribution charts can be found below:

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


EGG
21GF Score
Enigmatig Ltd EGG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Enigmatig Graham Number Calculation

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

Enigmatig's Graham Number for the fiscal year that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.571*0.021)
=0.52

Enigmatig's Graham Number for the quarter that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.571*0.025)
=0.57

* 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 $0.57 mean?
Enigmatig (EGG) has a Graham Number of $0.57 as of Sep. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Enigmatig and its competitors. This is 95% below median its historical median of 11.15. Over the past decade, Enigmatig's Graham Number has ranged from 6.40 to 11.15. According to the industry distribution chart, Enigmatig ranks #669 out of 700 companies in the Business Services industry, placing it in the top 95.6%.
Is Enigmatig's Graham Number too high?
Enigmatig's current Graham Number of $0.57 is 95% below median its 10-year median of 11.15. Over the past 10 years, this metric has ranged from a low of 6.40 to a high of 11.15. The Business Services industry median Graham Number is 1.20. Enigmatig's value of $0.57 is 52.5% below this industry median. Based on the distribution chart, Enigmatig ranks #669 out of 700 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Enigmatig has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Enigmatig's Graham Number compare to RGP and GLAI?
According to the Business Services industry distribution chart, Enigmatig ranks #669 out of 700 companies for Graham Number. This places Enigmatig in the lower half of its industry. The industry median Graham Number is 1.20. Enigmatig's value of $0.57 is 52.5% below this benchmark. Historically, Enigmatig's own Graham Number has ranged from 6.40 to 11.15 over the past decade. While the company's 10-year median is 11.15 vs. the industry median of 1.20, Enigmatig 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 a Business Services company?
The median Graham Number among Business Services companies is 1.20, based on 700 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. Enigmatig's current Graham Number of $0.57 is 52.5% 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 Enigmatig and its competitors. For the Business Services industry, the median Graham Number is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enigmatig's current Graham Number is $0.57, which is 95% below median its own 10-year median of 11.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enigmatig stock overvalued right now?
Enigmatig (EGG) has a current Graham Number of $0.57. The current Graham Number is $0.57, which is 95% below median its 10-year median of 11.15 and 52.5% below the Business Services industry median of 1.20. Enigmatig's overall GF Score™ is 21/100 with 2 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 Enigmatig (EGG), the current Graham Number is $0.57 as of Sep. 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.

Enigmatig Business Description

Address c/o 16 Raffles Quay, no.30-01, Hong Leong Building, Singapore, SGP, 048581
Enigmatig Ltd is an international consultancy firm providing one-stop cross-border licensing solutions and related services. Its services range from assisting clients in incorporating companies in overseas jurisdictions and related corporate secretarial services to a wide range of licensing and regulatory maintenance services. Its clients consist of small and medium-sized corporations setting up contracts for different brokerage businesses, in particular foreign exchange brokerage businesses in overseas jurisdictions. Its corporate services income is mainly generated from fees received assisting its clients to obtain, renew and comply with a range of business licenses (including brokerage licenses and other financial licenses) in a variety of jurisdictions (in London, Cyprus and Belize).
21GF Score

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

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