Victory Square Technologies (FRA:6F6) Graham Number: €0.26 (As of Mar. 2026) — 78% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:6F6 Victory Square Technologies Inc FRA:6F6
50 GF Score
Price €0.38
GF Value €0.42
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Victory Square Technologies Graham Number?

Victory Square Technologies FRA:6F6 -3.27% 50 Graham Number is €0.26 as of Mar. 2026, which is 100% below its 10-year median of 1.20. GuruFocus rates FRA:6F6 with a GF Score™ of 50/100 and a GF Value™ of €0.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 370 Healthcare Providers & Services companies, Victory Square Technologies ranks better than 50.27% 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 (2026-08-14), the stock price of Victory Square Technologies is €0.384. Victory Square Technologies's graham number for the quarter that ended in Mar. 2026 was €0.26. Therefore, Victory Square Technologies's Price to Graham Number ratio for today is 1.49.

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

FRA:6F6' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.61   Med: 1.2   Max: 1.75
Current: 1.67

During the past 11 years, the highest Price to Graham Number ratio of Victory Square Technologies was 1.75. The lowest was 0.61. And the median was 1.20.

FRA:6F6's Price-to-Graham-Number is ranked better than
50.27% of 370 companies
in the Healthcare Providers & Services industry
Industry Median: 1.655 vs FRA:6F6: 1.67

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


Victory Square Technologies  (FRA:6F6) 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.

Victory Square Technologies's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.384/0.26
=1.49

* 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.


Victory Square Technologies Graham Number Related Terms


Victory Square Technologies Graham Number Historical Data

* Premium members only.

The historical data trend for Victory Square Technologies'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.

Victory Square Technologies Graham Number Chart

Victory Square Technologies 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 0.15

Victory Square Technologies 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 0.00 0.26

FRA:6F6 vs VEEV, BTSG, HQY: Graham Number Comparison

For the Health Information Services subindustry, Victory Square Technologies'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.


Victory Square Technologies Price-to-Graham-Number vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Victory Square Technologies's Price-to-Graham-Number distribution charts can be found below:

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


FRA:6F6
50GF Score
Victory Square Technologies Inc FRA:6F6
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victory Square Technologies Graham Number Calculation

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

Victory Square Technologies'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*0.158*0.006)
=0.15

Victory Square Technologies'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*0.245*0.012)
=0.26

* 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 €0.26 mean?
Victory Square Technologies (FRA:6F6) has a Graham Number of €0.26 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Victory Square Technologies and its competitors. This is 78% below median its historical median of 1.20. Over the past decade, Victory Square Technologies' Graham Number has ranged from 0.61 to 1.75. According to the industry distribution chart, Victory Square Technologies ranks #184 out of 370 companies in the Healthcare Providers & Services industry, placing it in the top 49.7%.
Is Victory Square Technologies' Graham Number too high?
Victory Square Technologies' current Graham Number of €0.26 is 78% below median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.75. Based on the distribution chart, Victory Square Technologies ranks #184 out of 370 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Victory Square Technologies has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Victory Square Technologies' Graham Number compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Victory Square Technologies ranks #184 out of 370 companies for Graham Number. This puts Victory Square Technologies in the upper half of its industry. The industry median Graham Number is 1.66. Historically, Victory Square Technologies' own Graham Number has ranged from 0.61 to 1.75 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 Healthcare Providers & Services company?
The median Graham Number among Healthcare Providers & Services companies is 1.66, based on 370 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 Victory Square Technologies and its competitors. For the Healthcare Providers & Services industry, the median Graham Number is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Square Technologies's current Graham Number is €0.26, which is 78% below median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Square Technologies stock overvalued right now?
Based on GuruFocus' analysis, Victory Square Technologies (FRA:6F6) is currently considered Fairly Valued. The stock's GF Value™ is €0.42, compared to a current price of €0.38 — trading 8.6% below its estimated fair value. The current Graham Number is €0.26, which is 78% below median its 10-year median of 1.20. Victory Square Technologies' overall GF Score™ is 50/100 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 Victory Square Technologies (FRA:6F6), the current Graham Number is €0.26 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.

Is Victory Square Technologies (FRA:6F6) Overvalued in 2026?

Based on GuruFocus' analysis, Victory Square Technologies stock appears to be undervalued. The current stock price of €0.38 is trading 8.6% below its estimated GF Value™ of €0.42. GuruFocus considers Victory Square Technologies to be Fairly Valued.

Key valuation signals for FRA:6F6:

  • Graham Number: €0.26 (78% below median its 10-year median of 1.20)
  • GF Value™: €0.42 vs. price of €0.38 (8.6% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the FRA:6F6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Victory Square Technologies Business Description

Other Exchanges VSQTF:USAVST:Canada
Address 789 West Pender Street, Suite 480, Vancouver, BC, CAN, V6C 1H2
Victory Square Technologies Inc is focused on investing in disruptive innovation builds, acquires, and invests in startups, then provides the senior leadership and resources needed for fast-track growth. Victory Square provides investors with a liquid way to invest in early-stage technology and healthcare companies without buying a venture fund that requires accredited investor status or multi-year commitments. The firm's corporate portfolio consists of companies using Artificial intelligence (AI), Virtual reality (VR), Augmented reality (AR), and blockchain to disrupt sectors as diverse as fintech, insurance, health, and gaming. The segments of the company are Investments; Health Tech; and Health.
50GF Score

Get the complete analysis for FRA:6F6

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

€0.38
Price
€0.42
GF Value