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Element Fleet ManagementELEEF -2.15%71 Graham Number is $9.63 as of Mar. 2026, which is 402% above its 10-year median of 1.92. GuruFocus rates ELEEF with a GF Score™ of 71/100 and a GF Value™ of $18.70 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 697 Business Services companies, Element Fleet Management ranks worse than 80.2% 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.
Element Fleet Management (OTCPK:ELEEF) 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.
Element Fleet Management's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
22.28
/
9.63
=
2.31
* 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.
Element Fleet Management Graham Number Related Terms
Element Fleet Management Graham Number Historical Data
* 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 Rental & Leasing Services subindustry, Element Fleet Management'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.
Element Fleet Management Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Element Fleet Management's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Element Fleet Management'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.
Element Fleet Management (ELEEF) has a Graham Number of $9.63 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Element Fleet Management and its competitors. This is 402% above median its historical median of 1.92. Over the past decade, Element Fleet Management's Graham Number has ranged from 0.66 to 2.80. According to the industry distribution chart, Element Fleet Management ranks #559 out of 697 companies in the Business Services industry, placing it in the top 80.2%.
Is Element Fleet Management's Graham Number too high?
Element Fleet Management's current Graham Number of $9.63 is 402% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 2.80. The Business Services industry median Graham Number is 1.19. Element Fleet Management's value of $9.63 is 709.2% above this industry median. Based on the distribution chart, Element Fleet Management ranks #559 out of 697 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Element Fleet Management has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Element Fleet Management's Graham Number compare to URI and SUNB?
According to the Business Services industry distribution chart, Element Fleet Management ranks #559 out of 697 companies for Graham Number. This places Element Fleet Management in the lower half of its industry. The industry median Graham Number is 1.19. Element Fleet Management's value of $9.63 is 709.2% above this benchmark. Historically, Element Fleet Management's own Graham Number has ranged from 0.66 to 2.80 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.19, Element Fleet Management 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 Business Services company?
The median Graham Number among Business Services companies is 1.19, based on 697 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. Element Fleet Management's current Graham Number of $9.63 is 709.2% 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 Element Fleet Management and its competitors. For the Business Services industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Element Fleet Management's current Graham Number is $9.63, which is 402% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Element Fleet Management stock overvalued right now?
Based on GuruFocus' analysis, Element Fleet Management (ELEEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.70, compared to a current price of $22.28 — trading 19.1% above its estimated fair value. The current Graham Number is $9.63, which is 402% above median its 10-year median of 1.92 and 709.2% above the Business Services industry median of 1.19. Element Fleet Management's overall GF Score™ is 71/100 with 7 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 Element Fleet Management (ELEEF), the current Graham Number is $9.63 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 Element Fleet Management (ELEEF) Overvalued in 2026?
Based on GuruFocus' analysis, Element Fleet Management stock appears to be overvalued.
The current stock price of $22.28 is trading 19.1% above its estimated GF Value™ of $18.70.
GuruFocus considers Element Fleet Management to be Modestly Overvalued.
Key valuation signals for ELEEF:
Graham Number: $9.63 (402% above median its 10-year median of 1.92)
GF Value™: $18.70 vs. price of $22.28 (19.1% above fair value)
Industry Position: 709.2% above the Business Services median (#559 of 697)
No single metric tells the full story. See the ELEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Element Fleet Management Corp is a fleet management company, providing services and financing for commercial vehicle and equipment fleets. Their services include vehicle acquisition, maintenance, route optimization, risk management, and remarketing, as well as advising on decarbonization efforts, integration of electric vehicles, and managing the complexity of gradual fleet electrification.
71GF 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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