Giordano International (FRA:GIO) Graham Number: €0.17 (As of Dec. 2025) — 85% Below Median

Author: Vera Yuan Vera Yuan
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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:GIO Giordano International Ltd FRA:GIO
91 GF Score
Price €0.14
GF Value €0.17
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Giordano International Graham Number?

Giordano International FRA:GIO -0.71% 91 Graham Number is €0.17 as of Dec. 2025, which is 100% below its 10-year median of 1.12. GuruFocus rates FRA:GIO with a GF Score™ of 91/100 and a GF Value™ of €0.17 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 755 Retail - Cyclical companies, Giordano International ranks better than 65.83% 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 (2026-07-22), the stock price of Giordano International is €0.139. Giordano International's graham number for the quarter that ended in Dec. 2025 was €0.17. Therefore, Giordano International's Price to Graham Number ratio for today is 0.84.

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

FRA:GIO' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.84   Med: 1.12   Max: 1.47
Current: 0.93

During the past 13 years, the highest Price to Graham Number ratio of Giordano International was 1.47. The lowest was 0.84. And the median was 1.12.

FRA:GIO's Price-to-Graham-Number is ranked better than
65.83% of 755 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs FRA:GIO: 0.93

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


Giordano International  (FRA:GIO) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.139/0.17
=0.84

* 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.


Giordano International Graham Number Related Terms


Giordano International Graham Number Historical Data

* Premium members only.

The historical data trend for Giordano International'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.

Giordano International Graham Number Chart

Giordano International 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 0.20 0.25 0.26 0.21 0.17

Giordano International 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 0.26 0.22 0.21 0.19 0.17

FRA:GIO vs TJX, ROST, BURL: Graham Number Comparison

For the Apparel Retail subindustry, Giordano International'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.


Giordano International Price-to-Graham-Number vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Giordano International's Price-to-Graham-Number distribution charts can be found below:

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


FRA:GIO
91GF Score
Giordano International Ltd FRA:GIO
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Giordano International Graham Number Calculation

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

Giordano International'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*0.101*0.012)
=0.17

Giordano International'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*0.101*0.012)
=0.17

* 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 €0.17 mean?
Giordano International (FRA:GIO) has a Graham Number of €0.17 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Giordano International and its competitors. This is 85% below median its historical median of 1.12. Over the past decade, Giordano International's Graham Number has ranged from 0.84 to 1.47. According to the industry distribution chart, Giordano International ranks #258 out of 755 companies in the Retail - Cyclical industry, placing it in the top 34.2%.
Is Giordano International's Graham Number too high?
Giordano International's current Graham Number of €0.17 is 85% below median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.47. Based on the distribution chart, Giordano International ranks #258 out of 755 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Giordano International has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Giordano International's Graham Number compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Giordano International ranks #258 out of 755 companies for Graham Number. This puts Giordano International in the upper half of its industry. The industry median Graham Number is 1.22. Historically, Giordano International's own Graham Number has ranged from 0.84 to 1.47 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.22, based on 755 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 Giordano International and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giordano International's current Graham Number is €0.17, which is 85% below median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giordano International stock overvalued right now?
Based on GuruFocus' analysis, Giordano International (FRA:GIO) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.17, compared to a current price of €0.14 — trading 18.2% below its estimated fair value. The current Graham Number is €0.17, which is 85% below median its 10-year median of 1.12. Giordano International's overall GF Score™ is 91/100 with 4 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 Giordano International (FRA:GIO), the current Graham Number is €0.17 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 Giordano International (FRA:GIO) Overvalued in 2026?

Based on GuruFocus' analysis, Giordano International stock appears to be undervalued. The current stock price of €0.14 is trading 18.2% below its estimated GF Value™ of €0.17. GuruFocus considers Giordano International to be Modestly Undervalued.

Key valuation signals for FRA:GIO:

  • Graham Number: €0.17 (85% below median its 10-year median of 1.12)
  • GF Value™: €0.17 vs. price of €0.14 (18.2% below fair value)
  • GF Score™: 91/100 with 4 warning signs

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


Giordano International Business Description

Other Exchanges GRDZF:USA00709:Hong Kong
Address 777-779 Cheung Sha Wan Road, 5th Floor, Tin On Industrial Building, Kowloon, Hong Kong, HKG
Giordano International Ltd is an apparel manufacturer and retailer with thousands of stores in the Asia-Pacific region. Giordano's has both self-operated and franchised stores. The Giordano brand, encompassing Giordano Men, Giordano Women, and Giordano Junior, generates the vast majority of the company's sales, mostly through Giordano Men. Other brands include Giordano Ladies, BSX, Beau Monde, and Eula. There are two operating segments: Retail and Distribution; and Wholesales to Overseas Franchisees. The Retail and Distribution segment is geographically managed through Mainland China and the Gulf Cooperation Council (the GCC), Hong Kong and Macau, Taiwan, Southeast Asia and Australia, and Wholesale to Overseas Franchisees.
91GF Score

Get the complete analysis for FRA:GIO

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

€0.14
Price
€0.17
GF Value