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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.
The historical rank and industry rank for Stellus Capital Investment's Graham Number or its related term are showing as below:
FRA:GO0'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.38 Med: 0.6 Max: 1.12
Current: 0.51
During the past 13 years, the highest Price to Graham Number ratio of Stellus Capital Investment was 1.12. The lowest was 0.38. And the median was 0.60.
FRA:GO0's Price-to-Graham-Number is ranked better than 72.59% of 1171
companies
in the Asset Management industry
Industry Median: 0.69
vs FRA:GO0: 0.51
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Stellus Capital Investment (FRA:GO0) 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.
Stellus Capital Investment's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
7.489
/
14.82
=
0.51
* 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.
Stellus Capital Investment Graham Number Related Terms
Stellus Capital Investment Graham Number Historical Data
* 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.
For the Asset Management subindustry, Stellus Capital Investment'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.
Stellus Capital Investment Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Stellus Capital Investment's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Stellus Capital Investment'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.
Stellus Capital Investment (FRA:GO0) has a Graham Number of €14.82 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Stellus Capital Investment and its competitors. According to the industry distribution chart, Stellus Capital Investment ranks #321 out of 1171 companies in the Asset Management industry, placing it in the top 27.4%.
Is Stellus Capital Investment's Graham Number too high?
Stellus Capital Investment's current Graham Number is €14.82. Based on the distribution chart, Stellus Capital Investment ranks #321 out of 1171 companies in the Asset Management industry, which is above the industry midpoint. Overall, Stellus Capital Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stellus Capital Investment's Graham Number compare to IDE and ETX?
According to the Asset Management industry distribution chart, Stellus Capital Investment ranks #321 out of 1171 companies for Graham Number. This puts Stellus Capital Investment in the upper half of its industry. The industry median Graham Number is 0.69. 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.69, based on 1,171 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 Stellus Capital Investment and its competitors. For the Asset Management industry, the median Graham Number is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stellus Capital Investment's current Graham Number is €14.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stellus Capital Investment stock overvalued right now?
Based on GuruFocus' analysis, Stellus Capital Investment (FRA:GO0) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.43, compared to a current price of €7.49 — trading 28.2% below its estimated fair value. The current Graham Number is €14.82. Stellus Capital Investment's overall GF Score™ is 51/100 with 5 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 Stellus Capital Investment (FRA:GO0), the current Graham Number is €14.82 as of Jun. 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 Stellus Capital Investment (FRA:GO0) Overvalued in 2026?
Based on GuruFocus' analysis, Stellus Capital Investment stock appears to be undervalued.
The current stock price of €7.49 is trading 28.2% below its estimated GF Value™ of €10.43.
GuruFocus considers Stellus Capital Investment to be Modestly Undervalued.
Key valuation signals for FRA:GO0:
Graham Number: €14.82
GF Value™: €10.43 vs. price of €7.49 (28.2% below fair value)
No single metric tells the full story. See the FRA:GO0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stellus Capital Investment Corp is a closed-end, non-diversified management investment company. Its objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. It invests in private middle-market companies through first lien, second lien, and unsecured debt financing, often with a corresponding equity investment. The company invests in various sectors, such as business services, energy, general industrial, government services, healthcare, software, and specialty finance. The business activity of the firm functions throughout the United States, and it generates revenue in the form of interest income on debt investments, capital gains, and distributions.
51GF Score
Get the complete analysis for FRA:GO0
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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