FOCIF (Focusrite) Graham Number: $2.08 (As of Aug. 2025) — 14% Below Median


FOCIF Focusrite PLC FOCIF
79 GF Score
Price $2.14
GF Value $6.50
Valuation Significantly Undervalued
! 9 Warning Signs
View Full Analysis

What is Focusrite Graham Number?

Focusrite FOCIF 79 Graham Number is $2.08 as of Aug. 2025, which is 14% below its 10-year median of 2.43. GuruFocus rates FOCIF with a GF Score™ of 79/100 and a GF Value™ of $6.50 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 493 Travel & Leisure companies, Focusrite ranks worse than 59.03% 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 (2026-07-12), the stock price of Focusrite is $2.14. Focusrite's graham number for the quarter that ended in Aug. 2025 was $2.08. Therefore, Focusrite's Price to Graham Number ratio for today is 1.03.

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

FOCIF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.04   Med: 2.43   Max: 7.39
Current: 1.48

During the past 13 years, the highest Price to Graham Number ratio of Focusrite was 7.39. The lowest was 1.04. And the median was 2.43.

FOCIF's Price-to-Graham-Number is ranked worse than
59.03% of 493 companies
in the Travel & Leisure industry
Industry Median: 1.25 vs FOCIF: 1.48

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


Focusrite  (OTCPK:FOCIF) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Aug. 2025 )
=2.14/2.08
=1.03

* 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.


Focusrite Graham Number Related Terms


Focusrite Graham Number Historical Data

* Premium members only.

The historical data trend for Focusrite'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.

Focusrite Graham Number Chart

Focusrite Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 3.25 2.85 2.91 2.02

Focusrite Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.88 2.32 2.00 1.89 2.08

FOCIF vs AS, HAS, LTH: Graham Number Comparison

For the Leisure subindustry, Focusrite'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.


Focusrite Price-to-Graham-Number vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Focusrite's Price-to-Graham-Number distribution charts can be found below:

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


FOCIF
79GF Score
Focusrite PLC FOCIF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Focusrite Graham Number Calculation

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

Focusrite's Graham Number for the fiscal year that ended in Aug. 2024 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.775*0.233)
=2.02

Focusrite's Graham Number for the quarter that ended in Aug. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.874*0.219)
=2.08

* 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 $2.08 mean?
Focusrite (FOCIF) has a Graham Number of $2.08 as of Aug. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Focusrite and its competitors. This is 14% below median its historical median of 2.43. Over the past decade, Focusrite's Graham Number has ranged from 1.04 to 7.39. According to the industry distribution chart, Focusrite ranks #291 out of 493 companies in the Travel & Leisure industry, placing it in the top 59%.
Is Focusrite's Graham Number too high?
Focusrite's current Graham Number of $2.08 is 14% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 7.39. The Travel & Leisure industry median Graham Number is 1.25. Focusrite's value of $2.08 is 66.4% above this industry median. Based on the distribution chart, Focusrite ranks #291 out of 493 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Focusrite has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Focusrite's Graham Number compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Focusrite ranks #291 out of 493 companies for Graham Number. This places Focusrite in the lower half of its industry. The industry median Graham Number is 1.25. Focusrite's value of $2.08 is 66.4% above this benchmark. Historically, Focusrite's own Graham Number has ranged from 1.04 to 7.39 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.25, Focusrite 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.25, based on 493 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. Focusrite's current Graham Number of $2.08 is 66.4% 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 Focusrite and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focusrite's current Graham Number is $2.08, which is 14% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focusrite stock overvalued right now?
Based on GuruFocus' analysis, Focusrite (FOCIF) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.50, compared to a current price of $2.14 — trading 67.1% below its estimated fair value. The current Graham Number is $2.08, which is 14% below median its 10-year median of 2.43 and 66.4% above the Travel & Leisure industry median of 1.25. Focusrite's overall GF Score™ is 79/100 with 9 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 Focusrite (FOCIF), the current Graham Number is $2.08 as of Aug. 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 Focusrite (FOCIF) Overvalued in 2026?

Based on GuruFocus' analysis, Focusrite stock appears to be undervalued. The current stock price of $2.14 is trading 67.1% below its estimated GF Value™ of $6.50. GuruFocus considers Focusrite to be Significantly Undervalued.

Key valuation signals for FOCIF:

  • Graham Number: $2.08 (14% below median its 10-year median of 2.43)
  • GF Value™: $6.50 vs. price of $2.14 (67.1% below fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 66.4% above the Travel & Leisure median (#291 of 493)

No single metric tells the full story. See the FOCIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Focusrite Business Description

Other Exchanges TUNE:UK0FO:Germany
Address Hillbottom Road, Artisan, High Wycombe, Buckinghamshire, GBR, HP12 4HJ
Focusrite PLC is a music and audio products company supplying hardware and software products used by musicians. The company's operating segments include Focusrite, Novation, ADAM Audio, Martin Audio, Sequential, and Sonox. The company generates maximum revenue from the Focusrite segment. Focusrite segment includes sales of Focusrite and Focusrite Pro branded products. Geographically, the majority of its revenue is generated from Europe, the Middle East and Africa region.
79GF Score

Get the complete analysis for FOCIF

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

$2.14
Price
$6.50
GF Value