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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 Medical Properties Trust's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Medical Properties Trust was 1.35. The lowest was 0.46. And the median was 1.05.
FRA:M3P's Price-to-Graham-Number is not ranked *
in the REITs industry.
Industry Median: 0.73 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Medical Properties Trust (FRA:M3P) 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.
Medical Properties Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.12
/
N/A
=
N/A
* 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.
Medical Properties Trust Graham Number Related Terms
Medical Properties Trust 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.
FRA:M3P vs DHC, LTC, NHI: Graham Number Comparison
For the REIT - Healthcare Facilities subindustry, Medical Properties Trust'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.
Medical Properties Trust Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Medical Properties Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Medical Properties Trust'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.
Medical Properties Trust (FRA:M3P) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Medical Properties Trust and its competitors. Over the past decade, Medical Properties Trust's Graham Number has ranged from 0.46 to 1.35. According to the industry distribution chart, Medical Properties Trust ranks #999999 out of 725 companies in the REITs industry.
Is Medical Properties Trust's Graham Number too high?
Medical Properties Trust's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.35. Based on the distribution chart, Medical Properties Trust ranks #999999 out of 725 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Medical Properties Trust has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medical Properties Trust's Graham Number compare to DHC and LTC?
According to the REITs industry distribution chart, Medical Properties Trust ranks #999999 out of 725 companies for Graham Number. This places Medical Properties Trust in the lower half of its industry. The industry median Graham Number is 0.73. Historically, Medical Properties Trust's own Graham Number has ranged from 0.46 to 1.35 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 REITs company?
The median Graham Number among REITs companies is 0.73, based on 725 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 Medical Properties Trust and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Properties Trust's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Properties Trust stock overvalued right now?
Based on GuruFocus' analysis, Medical Properties Trust (FRA:M3P) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.65, compared to a current price of €4.12 — trading 11.4% below its estimated fair value. The current Graham Number is €N/A. Medical Properties Trust's overall GF Score™ is 63/100 with 8 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 Medical Properties Trust (FRA:M3P), the current Graham Number is €N/A 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 Medical Properties Trust (FRA:M3P) Overvalued in 2026?
Based on GuruFocus' analysis, Medical Properties Trust stock appears to be undervalued.
The current stock price of €4.12 is trading 11.4% below its estimated GF Value™ of €4.65.
GuruFocus considers Medical Properties Trust to be Modestly Undervalued.
Key valuation signals for FRA:M3P:
Graham Number: €N/A
GF Value™: €4.65 vs. price of €4.12 (11.4% below fair value)
No single metric tells the full story. See the FRA:M3P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medical Properties Trust Inc acquires and develops net-leased healthcare facilities. Its investments in healthcare real estate, other loans, and any investments in tenants are considered a single reportable segment. Its business strategy is to acquire and develop healthcare facilities and lease the facilities to healthcare operating companies under long-term net leases, which require the tenant to bear of the costs associated with the property. The group's geographic areas are the United States, the United Kingdom, and All other countries.
63GF Score
Get the complete analysis for FRA:M3P
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