Jungfraubahn Holding AG (FRA:J4F) Graham Number: €214.64 (As of Dec. 2025) — 22258% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:J4F Jungfraubahn Holding AG FRA:J4F
92 GF Score
Price €276.00
GF Value €250.08
Valuation Fairly Valued
! 1 Warning Sign
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What is Jungfraubahn Holding AG Graham Number?

Jungfraubahn Holding AG FRA:J4F 92 Graham Number is €214.64 as of Dec. 2025, which is 100% below its 10-year median of 0.96. GuruFocus rates FRA:J4F with a GF Score™ of 92/100 and a GF Value™ of €250.08 (Fairly Valued). The stock has 1 warning sign investors should review. Among 740 Transportation companies, Jungfraubahn Holding AG ranks worse than 61.35% 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 (2026-08-06), the stock price of Jungfraubahn Holding AG is €276.00. Jungfraubahn Holding AG's graham number for the quarter that ended in Dec. 2025 was €214.64. Therefore, Jungfraubahn Holding AG's Price to Graham Number ratio for today is 1.29.

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

FRA:J4F' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85   Med: 0.96   Max: 1.43
Current: 1.33

During the past 13 years, the highest Price to Graham Number ratio of Jungfraubahn Holding AG was 1.43. The lowest was 0.85. And the median was 0.96.

FRA:J4F's Price-to-Graham-Number is ranked worse than
61.35% of 740 companies
in the Transportation industry
Industry Median: 1.02 vs FRA:J4F: 1.33

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


Jungfraubahn Holding AG  (FRA:J4F) 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.

Jungfraubahn Holding AG's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=276.00/214.64
=1.29

* 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.


Jungfraubahn Holding AG Graham Number Related Terms


Jungfraubahn Holding AG Graham Number Historical Data

* Premium members only.

The historical data trend for Jungfraubahn Holding AG'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.

Jungfraubahn Holding AG Graham Number Chart

Jungfraubahn Holding AG 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 0.00 133.81 199.60 206.64 214.78

Jungfraubahn Holding AG 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 198.21 199.27 205.41 211.35 214.64

FRA:J4F vs UNP, CSX, NSC: Graham Number Comparison

For the Railroads subindustry, Jungfraubahn Holding AG'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.


Jungfraubahn Holding AG Price-to-Graham-Number vs Transportation Industry

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

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


FRA:J4F
92GF Score
Jungfraubahn Holding AG FRA:J4F
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jungfraubahn Holding AG Graham Number Calculation

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

Jungfraubahn Holding AG'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*140.836*14.557)
=214.78

Jungfraubahn Holding AG'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*140.836*14.539)
=214.64

* 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 €214.64 mean?
Jungfraubahn Holding AG (FRA:J4F) has a Graham Number of €214.64 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Jungfraubahn Holding AG and its competitors. This is 22258% above median its historical median of 0.96. Over the past decade, Jungfraubahn Holding AG's Graham Number has ranged from 0.85 to 1.43. According to the industry distribution chart, Jungfraubahn Holding AG ranks #454 out of 740 companies in the Transportation industry, placing it in the top 61.4%.
Is Jungfraubahn Holding AG's Graham Number too high?
Jungfraubahn Holding AG's current Graham Number of €214.64 is 22258% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 1.43. Based on the distribution chart, Jungfraubahn Holding AG ranks #454 out of 740 companies in the Transportation industry, which is below the industry midpoint. Overall, Jungfraubahn Holding AG has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jungfraubahn Holding AG's Graham Number compare to UNP and CSX?
According to the Transportation industry distribution chart, Jungfraubahn Holding AG ranks #454 out of 740 companies for Graham Number. This places Jungfraubahn Holding AG in the lower half of its industry. The industry median Graham Number is 1.02. Historically, Jungfraubahn Holding AG's own Graham Number has ranged from 0.85 to 1.43 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 740 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 Jungfraubahn Holding AG 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. Jungfraubahn Holding AG's current Graham Number is €214.64, which is 22258% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jungfraubahn Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Jungfraubahn Holding AG (FRA:J4F) is currently considered Fairly Valued. The stock's GF Value™ is €250.08, compared to a current price of €276.00 — trading 10.4% above its estimated fair value. The current Graham Number is €214.64, which is 22258% above median its 10-year median of 0.96. Jungfraubahn Holding AG's overall GF Score™ is 92/100 with 1 warning sign 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 Jungfraubahn Holding AG (FRA:J4F), the current Graham Number is €214.64 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 Jungfraubahn Holding AG (FRA:J4F) Overvalued in 2026?

Based on GuruFocus' analysis, Jungfraubahn Holding AG stock appears to be overvalued. The current stock price of €276.00 is trading 10.4% above its estimated GF Value™ of €250.08. GuruFocus considers Jungfraubahn Holding AG to be Fairly Valued.

Key valuation signals for FRA:J4F:

  • Graham Number: €214.64 (22258% above median its 10-year median of 0.96)
  • GF Value™: €250.08 vs. price of €276.00 (10.4% above fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the FRA:J4F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jungfraubahn Holding AG Business Description

Address Harderstrasse 14, Interlaken, CHE, CH-3800
Jungfraubahn Holding AG is a tourism company and the mountain railway company in Switzerland. It engaged in the operation of excursion railways and winter sports facilities. It also operates a railway service from Interlaken to Lauterbrunnen and Grindelwald. The company's segment includes Jungfraujoch-Top of Europe, Winter Sports and Experience Mountains, It generates maximum revenue from the Jungfraujoch-Top of Europe segment.
92GF Score

Get the complete analysis for FRA:J4F

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

€276.00
Price
€250.08
GF Value