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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.
The historical rank and industry rank for Hanking Gold International's Graham Number or its related term are showing as below:
FRA:6CH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.45 Med: 0.9 Max: 8.13
Current: 8.05
During the past 13 years, the highest Price to Graham Number ratio of Hanking Gold International was 8.13. The lowest was 0.45. And the median was 0.90.
FRA:6CH's Price-to-Graham-Number is ranked worse than 97.94% of 436
companies
in the Steel industry
Industry Median: 0.935
vs FRA:6CH: 8.05
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hanking Gold International (FRA:6CH) 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.
Hanking Gold International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
0.322
/
0.04
=
7.20
* 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.
Hanking Gold International Graham Number Related Terms
Hanking Gold International Graham Number Historical Data
* 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.
Hanking Gold International Graham Number Competitor Comparison
For the Steel subindustry, Hanking Gold International'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.
Hanking Gold International Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Hanking Gold International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hanking Gold International'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.
Hanking Gold International (FRA:6CH) has a Graham Number of €0.04 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hanking Gold International and its competitors. According to the industry distribution chart, Hanking Gold International ranks #427 out of 436 companies in the Steel industry, placing it in the top 97.9%.
Is Hanking Gold International's Graham Number too high?
Hanking Gold International's current Graham Number is €0.04. Based on the distribution chart, Hanking Gold International ranks #427 out of 436 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hanking Gold International has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Hanking Gold International's Graham Number compare to competitors?
According to the Steel industry distribution chart, Hanking Gold International ranks #427 out of 436 companies for Graham Number. This places Hanking Gold International in the lower half of its industry. The industry median Graham Number is 0.94. 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 Steel company?
The median Graham Number among Steel companies is 0.94, based on 436 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 Hanking Gold International and its competitors. For the Steel industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanking Gold International's current Graham Number is €0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanking Gold International stock overvalued right now?
Hanking Gold International (FRA:6CH) has a current Graham Number of €0.04. The stock's GF Value™ is €0.07, compared to a current price of €0.32 — trading 360% above its estimated fair value. The current Graham Number is €0.04. Hanking Gold International's overall GF Score™ is 55/100 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 Hanking Gold International (FRA:6CH), the current Graham Number is €0.04 as of Jun. 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.
Is Hanking Gold International (FRA:6CH) Overvalued in 2026?
Based on GuruFocus' analysis, Hanking Gold International stock appears to be overvalued.
The current stock price of €0.32 is trading 360% above its estimated GF Value™ of €0.07.
Key valuation signals for FRA:6CH:
Graham Number: €0.04
GF Value™: €0.07 vs. price of €0.32 (360% above fair value)
No single metric tells the full story. See the FRA:6CH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanking Gold International Ltd is a Hong Kong-listed mining company. It specializes in exploration, mining, processing, smelting, and sales of iron ore, high-purity iron, and gold. Geographically, the company operates in Mainland China, Hong Kong and Australia generating majority revenue from Mainland China region.
55GF Score
Get the complete analysis for FRA:6CH
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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