PT Darma Henwa Tbk (FRA:0DH) Graham Number: €0.03 (As of Mar. 2026) — 96% 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.

FRA:0DH PT Darma Henwa Tbk FRA:0DH
65 GF Score
Price €0.02
! 6 Warning Signs
View Full Analysis

What is PT Darma Henwa Tbk Graham Number?

PT Darma Henwa Tbk FRA:0DH 65 Graham Number is €0.03 as of Mar. 2026, which is 100% below its 10-year median of 0.70. GuruFocus rates FRA:0DH with a GF Score™ of 65/100. The stock has 6 warning signs investors should review. Among 86 Other Energy Sources companies, PT Darma Henwa Tbk ranks better than 72.09% 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 (2026-08-08), the stock price of PT Darma Henwa Tbk is €0.0185. PT Darma Henwa Tbk's graham number for the quarter that ended in Mar. 2026 was €0.03. Therefore, PT Darma Henwa Tbk's Price to Graham Number ratio for today is 0.55.

The historical rank and industry rank for PT Darma Henwa Tbk's Graham Number or its related term are showing as below:

FRA:0DH' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37   Med: 0.7   Max: 1.97
Current: 0.62

During the past 13 years, the highest Price to Graham Number ratio of PT Darma Henwa Tbk was 1.97. The lowest was 0.37. And the median was 0.70.

FRA:0DH's Price-to-Graham-Number is ranked better than
72.09% of 86 companies
in the Other Energy Sources industry
Industry Median: 1.16 vs FRA:0DH: 0.62

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


PT Darma Henwa Tbk  (FRA:0DH) 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.

PT Darma Henwa Tbk's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.0185/0.03
=0.55

* 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.


PT Darma Henwa Tbk Graham Number Related Terms


PT Darma Henwa Tbk Graham Number Historical Data

* Premium members only.

The historical data trend for PT Darma Henwa Tbk'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.

PT Darma Henwa Tbk Graham Number Chart

PT Darma Henwa Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.02

PT Darma Henwa Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.04 0.03

PT Darma Henwa Tbk Graham Number Competitor Comparison

For the Thermal Coal subindustry, PT Darma Henwa Tbk'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.


PT Darma Henwa Tbk Price-to-Graham-Number vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Darma Henwa Tbk's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where PT Darma Henwa Tbk's Price-to-Graham-Number falls into.


FRA:0DH
65GF Score
PT Darma Henwa Tbk FRA:0DH
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Darma Henwa Tbk Graham Number Calculation

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

PT Darma Henwa Tbk's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.011*0.002)
=0.02

PT Darma Henwa Tbk's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.01*0.005)
=0.03

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of €0.03 mean?
PT Darma Henwa Tbk (FRA:0DH) has a Graham Number of €0.03 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Darma Henwa Tbk and its competitors. This is 96% below median its historical median of 0.70. Over the past decade, PT Darma Henwa Tbk's Graham Number has ranged from 0.37 to 1.97. According to the industry distribution chart, PT Darma Henwa Tbk ranks #24 out of 86 companies in the Other Energy Sources industry, placing it in the top 27.9%.
Is PT Darma Henwa Tbk's Graham Number too high?
PT Darma Henwa Tbk's current Graham Number of €0.03 is 96% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.97. Based on the distribution chart, PT Darma Henwa Tbk ranks #24 out of 86 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Darma Henwa Tbk has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does PT Darma Henwa Tbk's Graham Number compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Darma Henwa Tbk ranks #24 out of 86 companies for Graham Number. This puts PT Darma Henwa Tbk in the upper half of its industry. The industry median Graham Number is 1.16. Historically, PT Darma Henwa Tbk's own Graham Number has ranged from 0.37 to 1.97 over the past decade. 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 an Other Energy Sources company?
The median Graham Number among Other Energy Sources companies is 1.16, based on 86 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. 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 PT Darma Henwa Tbk and its competitors. For the Other Energy Sources industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Darma Henwa Tbk's current Graham Number is €0.03, which is 96% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Darma Henwa Tbk stock overvalued right now?
PT Darma Henwa Tbk (FRA:0DH) has a current Graham Number of €0.03. The current Graham Number is €0.03, which is 96% below median its 10-year median of 0.70. PT Darma Henwa Tbk's overall GF Score™ is 65/100 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 PT Darma Henwa Tbk (FRA:0DH), the current Graham Number is €0.03 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.

PT Darma Henwa Tbk Business Description

Other Exchanges DEWA:Indonesia
Address Jalan. Jenderal Sudirman Kav. 52-53, Prosperity Tower 39th Floor, SCBD, Lot 28, District 8, Kelurahan Senayan, Kecamatan Kebayoran Baru, Jakarta, IDN, 12190
PT Darma Henwa Tbk is an Indonesia-based company. Its business activities are focused on mining contractor services, general mining services, and equipment maintenance. It mainly operates its business across various mining projects across Indonesia. The majority of its revenue comes from coal production with the remaining through operational activities like land clearing, topsoiling, overburden removal, and equipment rental. The firm operates its business into two business segments, Mining services and other services Out of which the Mining services segment derives the majority of revenue.
65GF Score

Get the complete analysis for FRA:0DH

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

€0.02
Price