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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.
FRA:9WK'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.26 Med: 4.19 Max: 6.59
Current: 1.5
During the past 9 years, the highest Price to Graham Number ratio of Telelink Business Services Group AD was 6.59. The lowest was 1.26. And the median was 4.19.
FRA:9WK's Price-to-Graham-Number is ranked better than 60.1% of 1471
companies
in the Software industry
Industry Median: 1.82
vs FRA:9WK: 1.50
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Telelink Business Services Group AD (FRA:9WK) 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.
Telelink Business Services Group AD's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
5.85
/
5.63
=
1.04
* 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.
Telelink Business Services Group AD Graham Number Related Terms
Telelink Business Services Group AD 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.
Telelink Business Services Group AD Graham Number Chart
FRA:9WK vs IBM, ACN, CTSH: Graham Number Comparison
For the Information Technology Services subindustry, Telelink Business Services Group AD'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.
Telelink Business Services Group AD Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Telelink Business Services Group AD's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Telelink Business Services Group AD'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.
Telelink Business Services Group AD (FRA:9WK) has a Graham Number of €6.21 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Telelink Business Services Group AD and its competitors. According to the industry distribution chart, Telelink Business Services Group AD ranks #587 out of 1471 companies in the Software industry, placing it in the top 39.9%.
Is Telelink Business Services Group AD's Graham Number too high?
Telelink Business Services Group AD's current Graham Number is €6.21. Based on the distribution chart, Telelink Business Services Group AD ranks #587 out of 1471 companies in the Software industry, which is above the industry midpoint. Overall, Telelink Business Services Group AD has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Telelink Business Services Group AD's Graham Number compare to IBM and ACN?
According to the Software industry distribution chart, Telelink Business Services Group AD ranks #587 out of 1471 companies for Graham Number. This puts Telelink Business Services Group AD in the upper half of its industry. The industry median Graham Number is 1.82. 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 1.82, based on 1,471 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 Telelink Business Services Group AD and its competitors. For the Software industry, the median Graham Number is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telelink Business Services Group AD's current Graham Number is €6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telelink Business Services Group AD stock overvalued right now?
Telelink Business Services Group AD (FRA:9WK) has a current Graham Number of €6.21. The stock's GF Value™ is €14.17, compared to a current price of €5.85 — trading 58.7% below its estimated fair value. The current Graham Number is €6.21. Telelink Business Services Group AD's overall GF Score™ is 82/100 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 Telelink Business Services Group AD (FRA:9WK), the current Graham Number is €6.21 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 Telelink Business Services Group AD (FRA:9WK) Overvalued in 2026?
Based on GuruFocus' analysis, Telelink Business Services Group AD stock appears to be undervalued.
The current stock price of €5.85 is trading 58.7% below its estimated GF Value™ of €14.17.
Key valuation signals for FRA:9WK:
Graham Number: €6.21
GF Value™: €14.17 vs. price of €5.85 (58.7% below fair value)
No single metric tells the full story. See the FRA:9WK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions in the three main market segments: mobile telecommunications service providers, fixed telecommunications service providers, and large and mid-sized public and private organizations. Geographically, the company operates in Bulgaria ,Other European countries and Counties outside Europe.
82GF Score
Get the complete analysis for FRA:9WK
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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