Greenbrier (FRA:G90) Graham Number: €41.87 (As of May. 2026) — 4552% 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:G90 Greenbrier Companies Inc FRA:G90
70 GF Score
Price €38.80
GF Value €30.26
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Greenbrier Graham Number?

Greenbrier FRA:G90 +0.52% 70 Graham Number is €41.87 as of May. 2026, which is 100% below its 10-year median of 0.90. GuruFocus rates FRA:G90 with a GF Score™ of 70/100 and a GF Value™ of €30.26 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 745 Transportation companies, Greenbrier ranks better than 53.96% 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 (2026-08-16), the stock price of Greenbrier is €38.80. Greenbrier's graham number for the quarter that ended in May. 2026 was €41.87. Therefore, Greenbrier's Price to Graham Number ratio for today is 0.93.

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

FRA:G90' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47   Med: 0.9   Max: 6.68
Current: 0.93

During the past 13 years, the highest Price to Graham Number ratio of Greenbrier was 6.68. The lowest was 0.47. And the median was 0.90.

FRA:G90's Price-to-Graham-Number is ranked better than
53.96% of 745 companies
in the Transportation industry
Industry Median: 1.02 vs FRA:G90: 0.93

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


Greenbrier  (FRA:G90) 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.

Greenbrier's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: May. 2026 )
=38.80/41.87
=0.93

* 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.


Greenbrier Graham Number Related Terms


Greenbrier Graham Number Historical Data

* Premium members only.

The historical data trend for Greenbrier'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.

Greenbrier Graham Number Chart

Greenbrier Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.18 22.08 44.42 58.98 66.27

Greenbrier Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 76.61 71.45 65.18 53.42 41.87

FRA:G90 vs FSTR, RAIL, TRN: Graham Number Comparison

For the Railroads subindustry, Greenbrier'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.


Greenbrier Price-to-Graham-Number vs Transportation Industry

For the Transportation industry and Industrials sector, Greenbrier's Price-to-Graham-Number distribution charts can be found below:

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


FRA:G90
70GF Score
Greenbrier Companies Inc FRA:G90
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Greenbrier Graham Number Calculation

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

Greenbrier's Graham Number for the fiscal year that ended in Aug. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*38.266*5.101)
=66.27

Greenbrier's Graham Number for the quarter that ended in May. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*39.202*1.988)
=41.87

* 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 €41.87 mean?
Greenbrier (FRA:G90) has a Graham Number of €41.87 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Greenbrier and its competitors. This is 4552% above median its historical median of 0.90. Over the past decade, Greenbrier's Graham Number has ranged from 0.47 to 6.68. According to the industry distribution chart, Greenbrier ranks #343 out of 745 companies in the Transportation industry, placing it in the top 46%.
Is Greenbrier's Graham Number too high?
Greenbrier's current Graham Number of €41.87 is 4552% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 6.68. Based on the distribution chart, Greenbrier ranks #343 out of 745 companies in the Transportation industry, which is above the industry midpoint. Overall, Greenbrier has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Greenbrier's Graham Number compare to FSTR and RAIL?
According to the Transportation industry distribution chart, Greenbrier ranks #343 out of 745 companies for Graham Number. This puts Greenbrier in the upper half of its industry. The industry median Graham Number is 1.02. Historically, Greenbrier's own Graham Number has ranged from 0.47 to 6.68 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 Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 745 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 Greenbrier and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenbrier's current Graham Number is €41.87, which is 4552% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenbrier stock overvalued right now?
Based on GuruFocus' analysis, Greenbrier (FRA:G90) is currently considered Modestly Overvalued. The stock's GF Value™ is €30.26, compared to a current price of €38.80 — trading 28.2% above its estimated fair value. The current Graham Number is €41.87, which is 4552% above median its 10-year median of 0.90. Greenbrier's overall GF Score™ is 70/100 with 7 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 Greenbrier (FRA:G90), the current Graham Number is €41.87 as of May. 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 Greenbrier (FRA:G90) Overvalued in 2026?

Based on GuruFocus' analysis, Greenbrier stock appears to be overvalued. The current stock price of €38.80 is trading 28.2% above its estimated GF Value™ of €30.26. GuruFocus considers Greenbrier to be Modestly Overvalued.

Key valuation signals for FRA:G90:

  • Graham Number: €41.87 (4552% above median its 10-year median of 0.90)
  • GF Value™: €30.26 vs. price of €38.80 (28.2% above fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the FRA:G90 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Greenbrier Business Description

Other Exchanges GBX:USA
Address One Centerpoint Drive, Suite 200, Lake Oswego, OR, USA, 97035
Greenbrier Companies Inc supplies equipment and services to international freight transportation markets, designing and marketing freight railcars in North America, Europe, and Brazil through subsidiaries and joint ventures. It provides railcar wheel services, parts, maintenance, and conversion services in North America. The company owns a lease fleet sourced mainly from its manufacturing operations and offers railcar management, regulatory compliance, and leasing services to railroads and owners. It operates two segments: Manufacturing and Leasing & Fleet Management, with the majority of revenue from Manufacturing. The company operates in the U.S. and internationally, with the majority of revenue from the U.S. market.
70GF Score

Get the complete analysis for FRA:G90

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

€38.80
Price
€30.26
GF Value