Virgin Wines UK (FRA:3RW) Graham Number: €0.12 (As of Dec. 2025) — 93% 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.
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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:3RW Virgin Wines UK PLC FRA:3RW
47 GF Score
Price €0.27
GF Value €0.52
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Virgin Wines UK Graham Number?

Virgin Wines UK FRA:3RW 47 Graham Number is €0.12 as of Dec. 2025, which is 100% below its 10-year median of 1.84. GuruFocus rates FRA:3RW with a GF Score™ of 47/100 and a GF Value™ of €0.52 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 135 Beverages - Alcoholic companies, Virgin Wines UK ranks worse than 73.33% 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 (2026-08-04), the stock price of Virgin Wines UK is €0.272. Virgin Wines UK's graham number for the quarter that ended in Dec. 2025 was €0.12. Therefore, Virgin Wines UK's Price to Graham Number ratio for today is 2.23.

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

FRA:3RW' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.89   Med: 1.84   Max: 12.24
Current: 2.47

During the past 8 years, the highest Price to Graham Number ratio of Virgin Wines UK was 12.24. The lowest was 0.89. And the median was 1.84.

FRA:3RW's Price-to-Graham-Number is ranked worse than
73.33% of 135 companies
in the Beverages - Alcoholic industry
Industry Median: 1.5 vs FRA:3RW: 2.47

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


Virgin Wines UK  (FRA:3RW) 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.

Virgin Wines UK's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.272/0.12
=2.23

* 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.


Virgin Wines UK Graham Number Related Terms


Virgin Wines UK Graham Number Historical Data

* Premium members only.

The historical data trend for Virgin Wines UK'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.

Virgin Wines UK Graham Number Chart

Virgin Wines UK Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Graham Number
Get a 7-Day Free Trial 0.58 0.68 0.12 0.40 0.39

Virgin Wines UK Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.10 0.40 0.45 0.39 0.12

FRA:3RW vs BF.B: Graham Number Comparison

For the Beverages - Wineries & Distilleries subindustry, Virgin Wines UK'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.


Virgin Wines UK Price-to-Graham-Number vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Virgin Wines UK's Price-to-Graham-Number distribution charts can be found below:

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


FRA:3RW
47GF Score
Virgin Wines UK PLC FRA:3RW
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virgin Wines UK Graham Number Calculation

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

Virgin Wines UK's Graham Number for the fiscal year that ended in Jun. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.256*0.027)
=0.39

Virgin Wines UK's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.221*0.003)
=0.12

* 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 €0.12 mean?
Virgin Wines UK (FRA:3RW) has a Graham Number of €0.12 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Virgin Wines UK and its competitors. This is 93% below median its historical median of 1.84. Over the past decade, Virgin Wines UK's Graham Number has ranged from 0.89 to 12.24. According to the industry distribution chart, Virgin Wines UK ranks #99 out of 135 companies in the Beverages - Alcoholic industry, placing it in the top 73.3%.
Is Virgin Wines UK's Graham Number too high?
Virgin Wines UK's current Graham Number of €0.12 is 93% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 12.24. Based on the distribution chart, Virgin Wines UK ranks #99 out of 135 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Virgin Wines UK has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virgin Wines UK's Graham Number compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Virgin Wines UK ranks #99 out of 135 companies for Graham Number. This places Virgin Wines UK in the lower half of its industry. The industry median Graham Number is 1.50. Historically, Virgin Wines UK's own Graham Number has ranged from 0.89 to 12.24 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 Beverages - Alcoholic company?
The median Graham Number among Beverages - Alcoholic companies is 1.50, based on 135 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 Virgin Wines UK and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virgin Wines UK's current Graham Number is €0.12, which is 93% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virgin Wines UK stock overvalued right now?
Based on GuruFocus' analysis, Virgin Wines UK (FRA:3RW) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.52, compared to a current price of €0.27 — trading 47.7% below its estimated fair value. The current Graham Number is €0.12, which is 93% below median its 10-year median of 1.84. Virgin Wines UK's overall GF Score™ is 47/100 with 5 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 Virgin Wines UK (FRA:3RW), the current Graham Number is €0.12 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 Virgin Wines UK (FRA:3RW) Overvalued in 2026?

Based on GuruFocus' analysis, Virgin Wines UK stock appears to be undervalued. The current stock price of €0.27 is trading 47.7% below its estimated GF Value™ of €0.52. GuruFocus considers Virgin Wines UK to be Significantly Undervalued.

Key valuation signals for FRA:3RW:

  • Graham Number: €0.12 (93% below median its 10-year median of 1.84)
  • GF Value™: €0.52 vs. price of €0.27 (47.7% below fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the FRA:3RW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virgin Wines UK Business Description

Other Exchanges VINO:UK
Address St James Mill, 4th Floor, Whitefriars, Norwich, GBR, NR3 1TN
Virgin Wines UK PLC is a direct-to-consumer online wine retailers. It has over 650 wines sourced from more than 40 winemaking partners and suppliers around the world. The product portfolio of the company includes Red Wine, Sparkling Wine, Dessert Wine, Champagne, Cremant, and Cava among others.
47GF Score

Get the complete analysis for FRA:3RW

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

€0.27
Price
€0.52
GF Value