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.
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.
Warpaint LondonFRA:1J2 -1.61%75 Graham Number is €2.06 as of Dec. 2025, which is 100% below its 10-year median of 1.97. GuruFocus rates FRA:1J2 with a GF Score™ of 75/100 and a GF Value™ of €4.91 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,388 Consumer Packaged Goods companies, Warpaint London ranks worse than 54.18% 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 (2026-08-18), the stock price of Warpaint London is €2.44. Warpaint London's graham number for the quarter that ended in Dec. 2025 was €2.06. Therefore, Warpaint London's Price to Graham Number ratio for today is 1.19.
The historical rank and industry rank for Warpaint London's Graham Number or its related term are showing as below:
FRA:1J2'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.08 Med: 1.97 Max: 3.28
Current: 1.2
During the past 13 years, the highest Price to Graham Number ratio of Warpaint London was 3.28. The lowest was 1.08. And the median was 1.97.
FRA:1J2's Price-to-Graham-Number is ranked worse than 54.18% of 1388
companies
in the Consumer Packaged Goods industry
Industry Median: 1.12
vs FRA:1J2: 1.20
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Warpaint London (FRA:1J2) 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.
Warpaint London's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.44
/
2.06
=
1.19
* 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.
Warpaint London Graham Number Related Terms
Warpaint London Graham Number Historical Data
* Premium members only.
The historical data trend for Warpaint London'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 Household & Personal Products subindustry, Warpaint London'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.
Warpaint London Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Warpaint London's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Warpaint London'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.
Warpaint London (FRA:1J2) has a Graham Number of €2.06 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Warpaint London and its competitors. This is near median its historical median of 1.97. Over the past decade, Warpaint London's Graham Number has ranged from 1.08 to 3.28. According to the industry distribution chart, Warpaint London ranks #752 out of 1388 companies in the Consumer Packaged Goods industry, placing it in the top 54.2%.
Is Warpaint London's Graham Number too high?
Warpaint London's current Graham Number of €2.06 is near median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 3.28. Based on the distribution chart, Warpaint London ranks #752 out of 1388 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Warpaint London has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Warpaint London's Graham Number compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Warpaint London ranks #752 out of 1388 companies for Graham Number. This places Warpaint London in the lower half of its industry. The industry median Graham Number is 1.12. Historically, Warpaint London's own Graham Number has ranged from 1.08 to 3.28 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 a Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.12, based on 1,388 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 Warpaint London and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warpaint London's current Graham Number is €2.06, which is near median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warpaint London stock overvalued right now?
Based on GuruFocus' analysis, Warpaint London (FRA:1J2) is currently considered Possible Value Trap. The stock's GF Value™ is €4.91, compared to a current price of €2.44 — trading 50.3% below its estimated fair value. The current Graham Number is €2.06, which is near median its 10-year median of 1.97. Warpaint London's overall GF Score™ is 75/100 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 Warpaint London (FRA:1J2), the current Graham Number is €2.06 as of Dec. 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 Warpaint London (FRA:1J2) Overvalued in 2026?
Based on GuruFocus' analysis, Warpaint London stock appears to be undervalued.
The current stock price of €2.44 is trading 50.3% below its estimated GF Value™ of €4.91.
GuruFocus considers Warpaint London to be Possible Value Trap.
Key valuation signals for FRA:1J2:
Graham Number: €2.06 (near median its 10-year median of 1.97)
GF Value™: €4.91 vs. price of €2.44 (50.3% below fair value)
No single metric tells the full story. See the FRA:1J2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warpaint London PLC is a branded consumer goods business selling high-quality colour cosmetics and a number of health, beauty, and personal care brands through mostly retail partners, but increasingly direct to consumers through its own website and selected online partners. It supplies high-quality cosmetics at affordable prices under the brand names W7 and Technic. It also supplies a number of health, beauty, and personal care brands, including Skin & Tan, Super Facialist, Dirty Works, Root Perfect, and Fish Soho. Its segments are Branded, which generates maximum revenue and relates to the sale of its own branded products, whereas Close-out relates to the purchase of third-party stock, which is then repackaged for sale. It generates maximum revenue from the UK.
75GF Score
Get the complete analysis for FRA:1J2
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:1J2 has been successfully added to your 
