CEWE Stiftung KGaAFRA:CWC -1.19%76 Graham Number is €100.27 as of Mar. 2026, which is 100% below its 10-year median of 1.57. GuruFocus rates FRA:CWC with a GF Score™ of 76/100 and a GF Value™ of €138.07 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 52 Personal Services companies, CEWE Stiftung KGaA ranks better than 57.69% 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 (2026-06-28), the stock price of CEWE Stiftung KGaA is €91.50. CEWE Stiftung KGaA's graham number for the quarter that ended in Mar. 2026 was €100.27. Therefore, CEWE Stiftung KGaA's Price to Graham Number ratio for today is 0.91.
The historical rank and industry rank for CEWE Stiftung KGaA's Graham Number or its related term are showing as below:
FRA:CWC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.91 Med: 1.57 Max: 2.31
Current: 0.91
During the past 13 years, the highest Price to Graham Number ratio of CEWE Stiftung KGaA was 2.31. The lowest was 0.91. And the median was 1.57.
FRA:CWC's Price-to-Graham-Number is ranked better than 57.69% of 52
companies
in the Personal Services industry
Industry Median: 0.985
vs FRA:CWC: 0.91
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
CEWE Stiftung KGaA (FRA:CWC) 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.
CEWE Stiftung KGaA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
91.50
/
100.27
=
0.91
* 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.
CEWE Stiftung KGaA Graham Number Related Terms
CEWE Stiftung KGaA Graham Number Historical Data
* Premium members only.
The historical data trend for CEWE Stiftung KGaA'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:CWC vs ROL, SCI, HRB: Graham Number Comparison
For the Personal Services subindustry, CEWE Stiftung KGaA'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.
CEWE Stiftung KGaA Price-to-Graham-Number vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, CEWE Stiftung KGaA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where CEWE Stiftung KGaA'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.
CEWE Stiftung KGaA (FRA:CWC) has a Graham Number of €100.27 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on CEWE Stiftung KGaA and its competitors. This is 6287% above median its historical median of 1.57. Over the past decade, CEWE Stiftung KGaA's Graham Number has ranged from 0.91 to 2.31. According to the industry distribution chart, CEWE Stiftung KGaA ranks #22 out of 52 companies in the Personal Services industry, placing it in the top 42.3%.
Is CEWE Stiftung KGaA's Graham Number too high?
CEWE Stiftung KGaA's current Graham Number of €100.27 is 6287% above median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 2.31. Based on the distribution chart, CEWE Stiftung KGaA ranks #22 out of 52 companies in the Personal Services industry, which is above the industry midpoint. Overall, CEWE Stiftung KGaA has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CEWE Stiftung KGaA's Graham Number compare to ROL and SCI?
According to the Personal Services industry distribution chart, CEWE Stiftung KGaA ranks #22 out of 52 companies for Graham Number. This puts CEWE Stiftung KGaA in the upper half of its industry. The industry median Graham Number is 0.99. Historically, CEWE Stiftung KGaA's own Graham Number has ranged from 0.91 to 2.31 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 Personal Services company?
The median Graham Number among Personal Services companies is 0.99, based on 52 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 CEWE Stiftung KGaA and its competitors. For the Personal Services industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEWE Stiftung KGaA's current Graham Number is €100.27, which is 6287% above median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEWE Stiftung KGaA stock overvalued right now?
Based on GuruFocus' analysis, CEWE Stiftung KGaA (FRA:CWC) is currently considered Significantly Undervalued. The stock's GF Value™ is €138.07, compared to a current price of €91.50 — trading 33.7% below its estimated fair value. The current Graham Number is €100.27, which is 6287% above median its 10-year median of 1.57. CEWE Stiftung KGaA's overall GF Score™ is 76/100 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 CEWE Stiftung KGaA (FRA:CWC), the current Graham Number is €100.27 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 CEWE Stiftung KGaA (FRA:CWC) Overvalued in 2026?
Based on GuruFocus' analysis, CEWE Stiftung KGaA stock appears to be undervalued.
The current stock price of €91.50 is trading 33.7% below its estimated GF Value™ of €138.07.
GuruFocus considers CEWE Stiftung KGaA to be Significantly Undervalued.
Key valuation signals for FRA:CWC:
Graham Number: €100.27 (6287% above median its 10-year median of 1.57)
GF Value™: €138.07 vs. price of €91.50 (33.7% below fair value)
No single metric tells the full story. See the FRA:CWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.
76GF Score
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