NewPrinces Spa (FRA:6NF) Graham Number: €12.82 (As of Mar. 2026) — 453% Above 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:6NF NewPrinces Spa FRA:6NF
78 GF Score
Price €15.79
GF Value €36.30
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is NewPrinces Spa Graham Number?

NewPrinces Spa FRA:6NF +1.28% 78 Graham Number is €12.82 as of Mar. 2026, which is 100% below its 10-year median of 2.32. GuruFocus rates FRA:6NF with a GF Score™ of 78/100 and a GF Value™ of €36.30 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, NewPrinces Spa ranks worse than 56.46% 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 (2026-07-28), the stock price of NewPrinces Spa is €15.79. NewPrinces Spa's graham number for the quarter that ended in Mar. 2026 was €12.82. Therefore, NewPrinces Spa's Price to Graham Number ratio for today is 1.23.

The historical rank and industry rank for NewPrinces Spa's Graham Number or its related term are showing as below:

FRA:6NF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95   Med: 2.32   Max: 12.2
Current: 1.25

During the past 10 years, the highest Price to Graham Number ratio of NewPrinces Spa was 12.20. The lowest was 0.95. And the median was 2.32.

FRA:6NF's Price-to-Graham-Number is ranked worse than
56.46% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs FRA:6NF: 1.25

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


NewPrinces Spa  (FRA:6NF) 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.

NewPrinces Spa's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=15.79/12.82
=1.23

* 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.


NewPrinces Spa Graham Number Related Terms


NewPrinces Spa Graham Number Historical Data

* Premium members only.

The historical data trend for NewPrinces Spa'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.

NewPrinces Spa Graham Number Chart

NewPrinces Spa 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 1.56 1.82 3.13 4.65 23.62

NewPrinces Spa 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 6.75 7.59 9.74 20.46 12.82

FRA:6NF vs KHC, GIS: Graham Number Comparison

For the Packaged Foods subindustry, NewPrinces Spa'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.


NewPrinces Spa Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NewPrinces Spa's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where NewPrinces Spa's Price-to-Graham-Number falls into.


FRA:6NF
78GF Score
NewPrinces Spa FRA:6NF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NewPrinces Spa Graham Number Calculation

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

NewPrinces Spa'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*13.506*1.836)
=23.62

NewPrinces Spa'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*12.947*0.564)
=12.82

* 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 €12.82 mean?
NewPrinces Spa (FRA:6NF) has a Graham Number of €12.82 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on NewPrinces Spa and its competitors. This is 453% above median its historical median of 2.32. Over the past decade, NewPrinces Spa's Graham Number has ranged from 0.95 to 12.20. According to the industry distribution chart, NewPrinces Spa ranks #782 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 56.5%.
Is NewPrinces Spa's Graham Number too high?
NewPrinces Spa's current Graham Number of €12.82 is 453% above median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 12.20. Based on the distribution chart, NewPrinces Spa ranks #782 out of 1385 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, NewPrinces Spa has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NewPrinces Spa's Graham Number compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, NewPrinces Spa ranks #782 out of 1385 companies for Graham Number. This places NewPrinces Spa in the lower half of its industry. The industry median Graham Number is 1.10. Historically, NewPrinces Spa's own Graham Number has ranged from 0.95 to 12.20 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 1.10, based on 1,385 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 NewPrinces Spa and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewPrinces Spa's current Graham Number is €12.82, which is 453% above median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewPrinces Spa stock overvalued right now?
Based on GuruFocus' analysis, NewPrinces Spa (FRA:6NF) is currently considered Possible Value Trap. The stock's GF Value™ is €36.30, compared to a current price of €15.79 — trading 56.5% below its estimated fair value. The current Graham Number is €12.82, which is 453% above median its 10-year median of 2.32. NewPrinces Spa's overall GF Score™ is 78/100 with 9 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 NewPrinces Spa (FRA:6NF), the current Graham Number is €12.82 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 NewPrinces Spa (FRA:6NF) Overvalued in 2026?

Based on GuruFocus' analysis, NewPrinces Spa stock appears to be undervalued. The current stock price of €15.79 is trading 56.5% below its estimated GF Value™ of €36.30. GuruFocus considers NewPrinces Spa to be Possible Value Trap.

Key valuation signals for FRA:6NF:

  • Graham Number: €12.82 (453% above median its 10-year median of 2.32)
  • GF Value™: €36.30 vs. price of €15.79 (56.5% below fair value)
  • GF Score™: 78/100 with 9 warning signs

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


NewPrinces Spa Business Description

Other Exchanges NWL:ItalyNWLm:UK6NF:Germany
Address Via J. F. Kennedy 16, Reggio Emilia, ITA, 42124
NewPrinces Spa is an agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The firm's operating segments: Dairy Products, Foods, Drinks, Fish, Italian Products, Oils, Distribution (Princes Retail and its subsidiaries), and Other Products. The company generates key revenue from the Foods division, which offers products such as baked beans, soups, ready meals, peas, and legumes through retail and foodservice channels, mainly produced in the United Kingdom. Geographically, the company generates the majority of its revenue from the United Kingdom.
78GF Score

Get the complete analysis for FRA:6NF

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

€15.79
Price
€36.30
GF Value