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Zeta Global HoldingsFRA:8EO -3.44%80 Graham Number is €0.96 as of Mar. 2026, which is 100% below its 10-year median of 34.61. GuruFocus rates FRA:8EO with a GF Score™ of 80/100 and a GF Value™ of €16.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,475 Software companies, Zeta Global Holdings ranks worse than 97.97% 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 (2026-08-02), the stock price of Zeta Global Holdings is €18.54. Zeta Global Holdings's graham number for the quarter that ended in Mar. 2026 was €0.96. Therefore, Zeta Global Holdings's Price to Graham Number ratio for today is 19.23.
The historical rank and industry rank for Zeta Global Holdings's Graham Number or its related term are showing as below:
FRA:8EO'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 14.21 Med: 34.61 Max: 55
Current: 19.31
During the past 7 years, the highest Price to Graham Number ratio of Zeta Global Holdings was 55.00. The lowest was 14.21. And the median was 34.61.
FRA:8EO's Price-to-Graham-Number is ranked worse than 97.97% of 1475
companies
in the Software industry
Industry Median: 1.87
vs FRA:8EO: 19.31
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Zeta Global Holdings (FRA:8EO) 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.
Zeta Global Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
18.54
/
0.96
=
19.23
* 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.
Zeta Global Holdings Graham Number Related Terms
Zeta Global Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Zeta Global Holdings'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.
FRA:8EO vs RELY, QLYS, NTSK: Graham Number Comparison
For the Software - Infrastructure subindustry, Zeta Global Holdings'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.
Zeta Global Holdings Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Zeta Global Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Zeta Global Holdings'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.
Zeta Global Holdings (FRA:8EO) has a Graham Number of €0.96 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Zeta Global Holdings and its competitors. This is 97% below median its historical median of 34.61. Over the past decade, Zeta Global Holdings' Graham Number has ranged from 14.21 to 55.00. According to the industry distribution chart, Zeta Global Holdings ranks #1445 out of 1475 companies in the Software industry, placing it in the top 98%.
Is Zeta Global Holdings' Graham Number too high?
Zeta Global Holdings' current Graham Number of €0.96 is 97% below median its 10-year median of 34.61. Over the past 10 years, this metric has ranged from a low of 14.21 to a high of 55.00. Based on the distribution chart, Zeta Global Holdings ranks #1445 out of 1475 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Zeta Global Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zeta Global Holdings' Graham Number compare to RELY and QLYS?
According to the Software industry distribution chart, Zeta Global Holdings ranks #1445 out of 1475 companies for Graham Number. This places Zeta Global Holdings in the lower half of its industry. The industry median Graham Number is 1.87. Historically, Zeta Global Holdings' own Graham Number has ranged from 14.21 to 55.00 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 Software company?
The median Graham Number among Software companies is 1.87, based on 1,475 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 Zeta Global Holdings and its competitors. For the Software industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zeta Global Holdings's current Graham Number is €0.96, which is 97% below median its own 10-year median of 34.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeta Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zeta Global Holdings (FRA:8EO) is currently considered Fairly Valued. The stock's GF Value™ is €16.83, compared to a current price of €18.54 — trading 10.2% above its estimated fair value. The current Graham Number is €0.96, which is 97% below median its 10-year median of 34.61. Zeta Global Holdings' overall GF Score™ is 80/100 with 3 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 Zeta Global Holdings (FRA:8EO), the current Graham Number is €0.96 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 Zeta Global Holdings (FRA:8EO) Overvalued in 2026?
Based on GuruFocus' analysis, Zeta Global Holdings stock appears to be overvalued.
The current stock price of €18.54 is trading 10.2% above its estimated GF Value™ of €16.83.
GuruFocus considers Zeta Global Holdings to be Fairly Valued.
Key valuation signals for FRA:8EO:
Graham Number: €0.96 (97% below median its 10-year median of 34.61)
GF Value™: €16.83 vs. price of €18.54 (10.2% above fair value)
No single metric tells the full story. See the FRA:8EO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zeta Global Holdings Corp is an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software. It serves enterprise customers across multiple industries, including financial services, insurance, telecommunications, automotive, travel and hospitality, and retail. Its Zeta Marketing Platform, or ZMP, is an omnichannel marketing platform with identity data at its core. The ZMP can analyze billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing. The company operates in U.S, where it generates maximum revenue and Internationally as well.
80GF Score
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