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Etoro GroupETOR -3.85%44 Graham Number is $31.93 as of Mar. 2026, which is 2454% above its 10-year median of 1.25. GuruFocus rates ETOR with a GF Score™ of 44/100. The stock has 3 warning signs investors should review. Among 528 Capital Markets companies, Etoro Group ranks better than 50% 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 (2026-07-19), the stock price of Etoro Group is $35.965. Etoro Group's graham number for the quarter that ended in Mar. 2026 was $31.93. Therefore, Etoro Group's Price to Graham Number ratio for today is 1.13.
The historical rank and industry rank for Etoro Group's Graham Number or its related term are showing as below:
ETOR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.94 Med: 1.25 Max: 2.27
Current: 1.13
During the past 6 years, the highest Price to Graham Number ratio of Etoro Group was 2.27. The lowest was 0.94. And the median was 1.25.
ETOR's Price-to-Graham-Number is ranked better than 50% of 528
companies
in the Capital Markets industry
Industry Median: 1.13
vs ETOR: 1.13
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Etoro Group (NAS:ETOR) 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.
Etoro Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
35.965
/
31.93
=
1.13
* 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.
Etoro Group Graham Number Related Terms
Etoro Group Graham Number Historical Data
* Premium members only.
The historical data trend for Etoro Group'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 Capital Markets subindustry, Etoro Group'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.
Etoro Group Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Etoro Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Etoro Group'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.
Etoro Group (ETOR) has a Graham Number of $31.93 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Etoro Group and its competitors. This is 2454% above median its historical median of 1.25. Over the past decade, Etoro Group's Graham Number has ranged from 0.94 to 2.27. According to the industry distribution chart, Etoro Group ranks #264 out of 528 companies in the Capital Markets industry, placing it in the top 50%.
Is Etoro Group's Graham Number too high?
Etoro Group's current Graham Number of $31.93 is 2454% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.27. The Capital Markets industry median Graham Number is 1.13. Etoro Group's value of $31.93 is 2725.7% above this industry median. Based on the distribution chart, Etoro Group ranks #264 out of 528 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Etoro Group has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Etoro Group's Graham Number compare to MIAX and PJT?
According to the Capital Markets industry distribution chart, Etoro Group ranks #264 out of 528 companies for Graham Number. This puts Etoro Group in the upper half of its industry. The industry median Graham Number is 1.13. Etoro Group's value of $31.93 is 2725.7% above this benchmark. Historically, Etoro Group's own Graham Number has ranged from 0.94 to 2.27 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.13, Etoro Group 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.13, based on 528 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. Etoro Group's current Graham Number of $31.93 is 2725.7% 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 Etoro Group and its competitors. For the Capital Markets industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etoro Group's current Graham Number is $31.93, which is 2454% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etoro Group stock overvalued right now?
Etoro Group (ETOR) has a current Graham Number of $31.93. The current Graham Number is $31.93, which is 2454% above median its 10-year median of 1.25 and 2725.7% above the Capital Markets industry median of 1.13. Etoro Group's overall GF Score™ is 44/100 with 3 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 Etoro Group (ETOR), the current Graham Number is $31.93 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.
Etoro Group Ltd is a multi-asset platform supporting trading and investing in equities, cryptoassets, commodities, currencies, and options traded either as an asset or as a derivative related to different underlying asset types. The Group is engaged in one operating segment of trading activity.
44GF Score
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