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Ibersol SGPSFRA:L34 -0.41%83 Graham Number is €6.96 as of Mar. 2026, which is 100% below its 10-year median of 1.28. GuruFocus rates FRA:L34 with a GF Score™ of 83/100 and a GF Value™ of €9.70 (Fairly Valued). The stock has 5 warning signs investors should review. Among 207 Restaurants companies, Ibersol SGPS ranks better than 63.29% 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 (2026-08-11), the stock price of Ibersol SGPS is €9.66. Ibersol SGPS's graham number for the quarter that ended in Mar. 2026 was €6.96. Therefore, Ibersol SGPS's Price to Graham Number ratio for today is 1.39.
The historical rank and industry rank for Ibersol SGPS's Graham Number or its related term are showing as below:
FRA:L34'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 1.28 Max: 2.85
Current: 1.39
During the past 13 years, the highest Price to Graham Number ratio of Ibersol SGPS was 2.85. The lowest was 0.42. And the median was 1.28.
FRA:L34's Price-to-Graham-Number is ranked better than 63.29% of 207
companies
in the Restaurants industry
Industry Median: 1.6
vs FRA:L34: 1.39
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Ibersol SGPS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
9.66
/
6.96
=
1.39
* 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.
Ibersol SGPS Graham Number Related Terms
Ibersol SGPS Graham Number Historical Data
* Premium members only.
The historical data trend for Ibersol SGPS'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.
FRA:L34 vs MCD, SBUX, YUM: Graham Number Comparison
For the Restaurants subindustry, Ibersol SGPS'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.
Ibersol SGPS Price-to-Graham-Number vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Ibersol SGPS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ibersol SGPS'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.
Ibersol SGPS (FRA:L34) has a Graham Number of €6.96 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ibersol SGPS and its competitors. This is 444% above median its historical median of 1.28. Over the past decade, Ibersol SGPS's Graham Number has ranged from 0.42 to 2.85. According to the industry distribution chart, Ibersol SGPS ranks #76 out of 207 companies in the Restaurants industry, placing it in the top 36.7%.
Is Ibersol SGPS's Graham Number too high?
Ibersol SGPS's current Graham Number of €6.96 is 444% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.85. Based on the distribution chart, Ibersol SGPS ranks #76 out of 207 companies in the Restaurants industry, which is above the industry midpoint. Overall, Ibersol SGPS has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ibersol SGPS's Graham Number compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Ibersol SGPS ranks #76 out of 207 companies for Graham Number. This puts Ibersol SGPS in the upper half of its industry. The industry median Graham Number is 1.60. Historically, Ibersol SGPS's own Graham Number has ranged from 0.42 to 2.85 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 Restaurants company?
The median Graham Number among Restaurants companies is 1.60, based on 207 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 Ibersol SGPS and its competitors. For the Restaurants industry, the median Graham Number is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ibersol SGPS's current Graham Number is €6.96, which is 444% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ibersol SGPS stock overvalued right now?
Based on GuruFocus' analysis, Ibersol SGPS (FRA:L34) is currently considered Fairly Valued. The stock's GF Value™ is €9.70, compared to a current price of €9.66 — trading 0.4% below its estimated fair value. The current Graham Number is €6.96, which is 444% above median its 10-year median of 1.28. Ibersol SGPS's overall GF Score™ is 83/100 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 Ibersol SGPS (FRA:L34), the current Graham Number is €6.96 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 Ibersol SGPS (FRA:L34) Overvalued in 2026?
Based on GuruFocus' analysis, Ibersol SGPS stock appears to be undervalued.
The current stock price of €9.66 is trading 0.4% below its estimated GF Value™ of €9.70.
GuruFocus considers Ibersol SGPS to be Fairly Valued.
Key valuation signals for FRA:L34:
Graham Number: €6.96 (444% above median its 10-year median of 1.28)
GF Value™: €9.70 vs. price of €9.66 (0.4% below fair value)
No single metric tells the full story. See the FRA:L34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ibersol SGPS SA., through its subsidiaries, operates a network of restaurant units in Portugal, Spain, and Angola. It provides services in the business segments such as Restaurants which comprises the units with table service and home delivery restaurant offerings, Counters which comprises the units with over-the-counter sales, and Concessions & Catering which includes all the other businesses, namely the catering activity and the units located in concession areas. Ibersol functions restaurant units through various brands, including Pizza Hut, Pasta Caffe, Pans & Company, Taco Bell, and Eat out Group. It derives maximum revenue from Concession segment.
83GF Score
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