DouYu International Holdings (FRA:DY8) Graham Number: €6.31 (As of Mar. 2026) — 338% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:DY8 DouYu International Holdings Ltd FRA:DY8
60 GF Score
Price €3.98
GF Value €5.42
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is DouYu International Holdings Graham Number?

DouYu International Holdings FRA:DY8 -1.00% 60 Graham Number is €6.31 as of Mar. 2026, which is 100% below its 10-year median of 1.44. GuruFocus rates FRA:DY8 with a GF Score™ of 60/100 and a GF Value™ of €5.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 278 Interactive Media companies, DouYu International Holdings ranks better than 81.29% 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 (2026-08-19), the stock price of DouYu International Holdings is €3.98. DouYu International Holdings's graham number for the quarter that ended in Mar. 2026 was €6.31. Therefore, DouYu International Holdings's Price to Graham Number ratio for today is 0.63.

The historical rank and industry rank for DouYu International Holdings's Graham Number or its related term are showing as below:

FRA:DY8' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47   Med: 1.44   Max: 4.22
Current: 0.64

During the past 10 years, the highest Price to Graham Number ratio of DouYu International Holdings was 4.22. The lowest was 0.47. And the median was 1.44.

FRA:DY8's Price-to-Graham-Number is ranked better than
81.29% of 278 companies
in the Interactive Media industry
Industry Median: 1.38 vs FRA:DY8: 0.64

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


DouYu International Holdings  (FRA:DY8) 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.

DouYu International Holdings's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=3.98/6.31
=0.63

* 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.


DouYu International Holdings Graham Number Related Terms


DouYu International Holdings Graham Number Historical Data

* Premium members only.

The historical data trend for DouYu International 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.

DouYu International Holdings Graham Number Chart

DouYu International Holdings 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 0.00 4.36 60.62 0.00 5.33

DouYu International Holdings 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 0.00 0.00 0.00 0.00 6.31

FRA:DY8 vs DIBS, BSCL, PODC: Graham Number Comparison

For the Internet Content & Information subindustry, DouYu International 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.


DouYu International Holdings Price-to-Graham-Number vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, DouYu International Holdings's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where DouYu International Holdings's Price-to-Graham-Number falls into.


FRA:DY8
60GF Score
DouYu International Holdings Ltd FRA:DY8
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DouYu International Holdings Graham Number Calculation

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

DouYu International Holdings'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*7.85*0.161)
=5.33

DouYu International Holdings'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*8.155*0.217)
=6.31

* 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 €6.31 mean?
DouYu International Holdings (FRA:DY8) has a Graham Number of €6.31 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on DouYu International Holdings and its competitors. This is 338% above median its historical median of 1.44. Over the past decade, DouYu International Holdings' Graham Number has ranged from 0.47 to 4.22. According to the industry distribution chart, DouYu International Holdings ranks #52 out of 278 companies in the Interactive Media industry, placing it in the top 18.7%.
Is DouYu International Holdings' Graham Number too high?
DouYu International Holdings' current Graham Number of €6.31 is 338% above median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 4.22. Based on the distribution chart, DouYu International Holdings ranks #52 out of 278 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, DouYu International Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DouYu International Holdings' Graham Number compare to DIBS and BSCL?
According to the Interactive Media industry distribution chart, DouYu International Holdings ranks #52 out of 278 companies for Graham Number. This places DouYu International Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.38. Historically, DouYu International Holdings' own Graham Number has ranged from 0.47 to 4.22 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 Interactive Media company?
The median Graham Number among Interactive Media companies is 1.38, based on 278 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 DouYu International Holdings and its competitors. For the Interactive Media industry, the median Graham Number is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DouYu International Holdings's current Graham Number is €6.31, which is 338% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DouYu International Holdings stock overvalued right now?
Based on GuruFocus' analysis, DouYu International Holdings (FRA:DY8) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.42, compared to a current price of €3.98 — trading 26.6% below its estimated fair value. The current Graham Number is €6.31, which is 338% above median its 10-year median of 1.44. DouYu International Holdings' overall GF Score™ is 60/100 with 6 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 DouYu International Holdings (FRA:DY8), the current Graham Number is €6.31 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 DouYu International Holdings (FRA:DY8) Overvalued in 2026?

Based on GuruFocus' analysis, DouYu International Holdings stock appears to be undervalued. The current stock price of €3.98 is trading 26.6% below its estimated GF Value™ of €5.42. GuruFocus considers DouYu International Holdings to be Modestly Undervalued.

Key valuation signals for FRA:DY8:

  • Graham Number: €6.31 (338% above median its 10-year median of 1.44)
  • GF Value™: €5.42 vs. price of €3.98 (26.6% below fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the FRA:DY8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DouYu International Holdings Business Description

Other Exchanges DOYU:USA
Address No. 473 Guanshan Avenue, 20th Floor, Building A, New Development International Center, Hongshan District, Hubei Province, Wuhan, CHN, 430073
DouYu International Holdings Ltd is a game-centric live streaming platform in China and a pioneer in the eSports value chain. The company aims to build an integrated game-centric ecosystem of livestreaming, video, voice, graphic content, and other interactive and community features. The company operates the platform both on mobile apps and PC portals, through which users can enjoy immersive and interactive games and entertainment livestreaming, access a wide array of video and graphic content, and participate in community events and discussions.
60GF Score

Get the complete analysis for FRA:DY8

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

€3.98
Price
€5.42
GF Value