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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.
FRA:I15'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.23 Med: 3.11 Max: 7.25
Current: 6.82
During the past 5 years, the highest Price to Graham Number ratio of Telematic Interactive Bulgaria AD Sofia was 7.25. The lowest was 2.23. And the median was 3.11.
FRA:I15's Price-to-Graham-Number is ranked worse than 95.22% of 502
companies
in the Travel & Leisure industry
Industry Median: 1.22
vs FRA:I15: 6.82
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Telematic Interactive Bulgaria AD Sofia (FRA:I15) 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.
Telematic Interactive Bulgaria AD Sofia's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
10.70
/
1.68
=
6.38
* 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.
Telematic Interactive Bulgaria AD Sofia Graham Number Related Terms
Telematic Interactive Bulgaria AD Sofia 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.
Telematic Interactive Bulgaria AD Sofia Graham Number Chart
Telematic Interactive Bulgaria AD Sofia Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Graham Number
3.43
7.32
5.85
4.77
2.72
Telematic Interactive Bulgaria AD Sofia Quarterly Data
FRA:I15 vs FLUT, DKNG, SGHC: Graham Number Comparison
For the Gambling subindustry, Telematic Interactive Bulgaria AD Sofia'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.
Telematic Interactive Bulgaria AD Sofia Price-to-Graham-Number vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Telematic Interactive Bulgaria AD Sofia's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Telematic Interactive Bulgaria AD Sofia'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.
Telematic Interactive Bulgaria AD Sofia (FRA:I15) has a Graham Number of €1.68 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Telematic Interactive Bulgaria AD Sofia and its competitors. According to the industry distribution chart, Telematic Interactive Bulgaria AD Sofia ranks #478 out of 502 companies in the Travel & Leisure industry, placing it in the top 95.2%.
Is Telematic Interactive Bulgaria AD Sofia's Graham Number too high?
Telematic Interactive Bulgaria AD Sofia's current Graham Number is €1.68. Based on the distribution chart, Telematic Interactive Bulgaria AD Sofia ranks #478 out of 502 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Telematic Interactive Bulgaria AD Sofia has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Telematic Interactive Bulgaria AD Sofia's Graham Number compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Telematic Interactive Bulgaria AD Sofia ranks #478 out of 502 companies for Graham Number. This places Telematic Interactive Bulgaria AD Sofia in the lower half of its industry. The industry median Graham Number is 1.22. 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.22, based on 502 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 Telematic Interactive Bulgaria AD Sofia and its competitors. For the Travel & Leisure 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. Telematic Interactive Bulgaria AD Sofia's current Graham Number is €1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telematic Interactive Bulgaria AD Sofia stock overvalued right now?
Telematic Interactive Bulgaria AD Sofia (FRA:I15) has a current Graham Number of €1.68. The stock's GF Value™ is €18.99, compared to a current price of €10.70 — trading 43.7% below its estimated fair value. The current Graham Number is €1.68. Telematic Interactive Bulgaria AD Sofia's overall GF Score™ is 59/100 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 Telematic Interactive Bulgaria AD Sofia (FRA:I15), the current Graham Number is €1.68 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 Telematic Interactive Bulgaria AD Sofia (FRA:I15) Overvalued in 2026?
Based on GuruFocus' analysis, Telematic Interactive Bulgaria AD Sofia stock appears to be undervalued.
The current stock price of €10.70 is trading 43.7% below its estimated GF Value™ of €18.99.
Key valuation signals for FRA:I15:
Graham Number: €1.68
GF Value™: €18.99 vs. price of €10.70 (43.7% below fair value)
No single metric tells the full story. See the FRA:I15 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telematic Interactive Bulgaria AD Sofia is engaged in the field of the online gaming industry. It is involved in activities namely casino games and online betting.
59GF Score
Get the complete analysis for FRA:I15
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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