Great Wall Motor Co (FRA:GRVB) Graham Number: €17.08 (As of Dec. 2025) — 1643% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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:GRVB Great Wall Motor Co Ltd FRA:GRVB
89 GF Score
Price €9.65
GF Value €18.01
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Great Wall Motor Co Graham Number?

Great Wall Motor Co FRA:GRVB -3.03% 89 Graham Number is €17.08 as of Dec. 2025, which is 100% below its 10-year median of 0.98. GuruFocus rates FRA:GRVB with a GF Score™ of 89/100 and a GF Value™ of €18.01 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 984 Vehicles & Parts companies, Great Wall Motor Co ranks better than 79.27% 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 (2026-07-23), the stock price of Great Wall Motor Co is €9.65. Great Wall Motor Co's graham number for the quarter that ended in Dec. 2025 was €17.08. Therefore, Great Wall Motor Co's Price to Graham Number ratio for today is 0.56.

The historical rank and industry rank for Great Wall Motor Co's Graham Number or its related term are showing as below:

FRA:GRVB' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47   Med: 0.98   Max: 3.15
Current: 0.58

During the past 13 years, the highest Price to Graham Number ratio of Great Wall Motor Co was 3.15. The lowest was 0.47. And the median was 0.98.

FRA:GRVB's Price-to-Graham-Number is ranked better than
79.27% of 984 companies
in the Vehicles & Parts industry
Industry Median: 1.14 vs FRA:GRVB: 0.58

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


Great Wall Motor Co  (FRA:GRVB) 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.

Great Wall Motor Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=9.65/17.08
=0.56

* 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.


Great Wall Motor Co Graham Number Related Terms


Great Wall Motor Co Graham Number Historical Data

* Premium members only.

The historical data trend for Great Wall Motor Co'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.

Great Wall Motor Co Graham Number Chart

Great Wall Motor Co 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 10.06 14.05 10.50 16.72 13.19

Great Wall Motor Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 19.13 18.62 18.71 17.77 17.08

FRA:GRVB vs TSLA, GM, F: Graham Number Comparison

For the Auto Manufacturers subindustry, Great Wall Motor Co'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.


Great Wall Motor Co Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Great Wall Motor Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Great Wall Motor Co's Price-to-Graham-Number falls into.


FRA:GRVB
89GF Score
Great Wall Motor Co Ltd FRA:GRVB
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Great Wall Motor Co Graham Number Calculation

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

Great Wall Motor Co'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*8.977*0.861)
=13.19

Great Wall Motor Co'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*8.977*1.445)
=17.08

* 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 €17.08 mean?
Great Wall Motor Co (FRA:GRVB) has a Graham Number of €17.08 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Great Wall Motor Co and its competitors. This is 1643% above median its historical median of 0.98. Over the past decade, Great Wall Motor Co's Graham Number has ranged from 0.47 to 3.15. According to the industry distribution chart, Great Wall Motor Co ranks #204 out of 984 companies in the Vehicles & Parts industry, placing it in the top 20.7%.
Is Great Wall Motor Co's Graham Number too high?
Great Wall Motor Co's current Graham Number of €17.08 is 1643% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 3.15. Based on the distribution chart, Great Wall Motor Co ranks #204 out of 984 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Great Wall Motor Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Great Wall Motor Co's Graham Number compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Great Wall Motor Co ranks #204 out of 984 companies for Graham Number. This places Great Wall Motor Co in the top 21% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.14. Historically, Great Wall Motor Co's own Graham Number has ranged from 0.47 to 3.15 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.14, based on 984 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 Great Wall Motor Co and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Wall Motor Co's current Graham Number is €17.08, which is 1643% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Wall Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Great Wall Motor Co (FRA:GRVB) is currently considered Significantly Undervalued. The stock's GF Value™ is €18.01, compared to a current price of €9.65 — trading 46.4% below its estimated fair value. The current Graham Number is €17.08, which is 1643% above median its 10-year median of 0.98. Great Wall Motor Co's overall GF Score™ is 89/100 with 2 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 Great Wall Motor Co (FRA:GRVB), the current Graham Number is €17.08 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 Great Wall Motor Co (FRA:GRVB) Overvalued in 2026?

Based on GuruFocus' analysis, Great Wall Motor Co stock appears to be undervalued. The current stock price of €9.65 is trading 46.4% below its estimated GF Value™ of €18.01. GuruFocus considers Great Wall Motor Co to be Significantly Undervalued.

Key valuation signals for FRA:GRVB:

  • Graham Number: €17.08 (1643% above median its 10-year median of 0.98)
  • GF Value™: €18.01 vs. price of €9.65 (46.4% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


Great Wall Motor Co Business Description

Address No. 2266 Chaoyang Road South, Hebei Province, Lianchi District, Baoding, CHN, 071000
Automobile manufacturer Great Wall Motor is China's market leader in the SUV and pickup truck segments. In 2025, the company sold about 758,000 Haval-branded SUVs and 335,000 WEY- and Tank-branded SUVs, making it the largest SUV manufacturer by sales volume for the 16th year. It also sold more than 181,000 pickup trucks, also ranked number one in sales volume for 26 consecutive years. China's domestic market accounts for about 60% of Great Wall's revenue in 2025, with the balance coming from Russia, the Middle East, South Africa, Australia, and Chile, among others.
89GF Score

Get the complete analysis for FRA:GRVB

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

€9.65
Price
€18.01
GF Value