Kunlun Energy Co (FRA:CTJ1) Graham Number: €1.25 (As of Dec. 2025) — 71% Above 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:CTJ1 Kunlun Energy Co Ltd FRA:CTJ1
94 GF Score
Price €0.76
GF Value €0.93
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Kunlun Energy Co Graham Number?

Kunlun Energy Co FRA:CTJ1 +0.67% 94 Graham Number is €1.25 as of Dec. 2025, which is 100% below its 10-year median of 0.73. GuruFocus rates FRA:CTJ1 with a GF Score™ of 94/100 and a GF Value™ of €0.93 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 619 Oil & Gas companies, Kunlun Energy Co ranks better than 78.19% 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 (2026-08-21), the stock price of Kunlun Energy Co is €0.755. Kunlun Energy Co's graham number for the quarter that ended in Dec. 2025 was €1.25. Therefore, Kunlun Energy Co's Price to Graham Number ratio for today is 0.60.

The historical rank and industry rank for Kunlun Energy Co's Graham Number or its related term are showing as below:

FRA:CTJ1' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51   Med: 0.73   Max: 0.98
Current: 0.6

During the past 13 years, the highest Price to Graham Number ratio of Kunlun Energy Co was 0.98. The lowest was 0.51. And the median was 0.73.

FRA:CTJ1's Price-to-Graham-Number is ranked better than
78.19% of 619 companies
in the Oil & Gas industry
Industry Median: 1.13 vs FRA:CTJ1: 0.60

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


Kunlun Energy Co  (FRA:CTJ1) 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.

Kunlun Energy Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.755/1.25
=0.60

* 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.


Kunlun Energy Co Graham Number Related Terms


Kunlun Energy Co Graham Number Historical Data

* Premium members only.

The historical data trend for Kunlun Energy Co'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.

Kunlun Energy Co Graham Number Chart

Kunlun Energy Co 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 1.28 1.33 1.35 1.45 1.31

Kunlun Energy Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.32 1.33 1.39 1.31 1.25

FRA:CTJ1 vs MPC, VLO, PSX: Graham Number Comparison

For the Oil & Gas Refining & Marketing subindustry, Kunlun Energy Co'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.


Kunlun Energy Co Price-to-Graham-Number vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kunlun Energy Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Kunlun Energy Co's Price-to-Graham-Number falls into.


FRA:CTJ1
94GF Score
Kunlun Energy Co Ltd FRA:CTJ1
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kunlun Energy Co Graham Number Calculation

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

Kunlun Energy Co'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*0.931*0.082)
=1.31

Kunlun Energy Co's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.931*0.075)
=1.25

* 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 €1.25 mean?
Kunlun Energy Co (FRA:CTJ1) has a Graham Number of €1.25 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kunlun Energy Co and its competitors. This is 71% above median its historical median of 0.73. Over the past decade, Kunlun Energy Co's Graham Number has ranged from 0.51 to 0.98. According to the industry distribution chart, Kunlun Energy Co ranks #135 out of 619 companies in the Oil & Gas industry, placing it in the top 21.8%.
Is Kunlun Energy Co's Graham Number too high?
Kunlun Energy Co's current Graham Number of €1.25 is 71% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.98. Based on the distribution chart, Kunlun Energy Co ranks #135 out of 619 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Kunlun Energy Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kunlun Energy Co's Graham Number compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Kunlun Energy Co ranks #135 out of 619 companies for Graham Number. This places Kunlun Energy Co in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.13. Historically, Kunlun Energy Co's own Graham Number has ranged from 0.51 to 0.98 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 an Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.13, based on 619 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 Kunlun Energy Co and its competitors. For the Oil & Gas industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kunlun Energy Co's current Graham Number is €1.25, which is 71% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kunlun Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Kunlun Energy Co (FRA:CTJ1) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.93, compared to a current price of €0.76 — trading 18.8% below its estimated fair value. The current Graham Number is €1.25, which is 71% above median its 10-year median of 0.73. Kunlun Energy Co's overall GF Score™ is 94/100 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 Kunlun Energy Co (FRA:CTJ1), the current Graham Number is €1.25 as of Dec. 2025. 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 Kunlun Energy Co (FRA:CTJ1) Overvalued in 2026?

Based on GuruFocus' analysis, Kunlun Energy Co stock appears to be undervalued. The current stock price of €0.76 is trading 18.8% below its estimated GF Value™ of €0.93. GuruFocus considers Kunlun Energy Co to be Modestly Undervalued.

Key valuation signals for FRA:CTJ1:

  • Graham Number: €1.25 (71% above median its 10-year median of 0.73)
  • GF Value™: €0.93 vs. price of €0.76 (18.8% below fair value)
  • GF Score™: 94/100 with 3 warning signs

No single metric tells the full story. See the FRA:CTJ1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kunlun Energy Co Business Description

Industry EnergyOil & Gas
Address 118 Connaught Road West, 39th Floor, Hong Kong, HKG
Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipelines mainly providing support services to the oil and gas industry, and offering processing and storage facilities of liquified natural gas(LNG), and sale of LNG and liquified petroleum gas across China. The group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating divisions: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal, and Exploration and Production.
94GF Score

Get the complete analysis for FRA:CTJ1

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

€0.76
Price
€0.93
GF Value