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PW Medtech GroupFRA:PWE -7.77%80 Graham Number is €0.18 as of Dec. 2025, which is 100% below its 10-year median of 0.55. GuruFocus rates FRA:PWE with a GF Score™ of 80/100 and a GF Value™ of €0.13 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 402 Medical Devices & Instruments companies, PW Medtech Group ranks better than 95.27% 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 (2026-08-12), the stock price of PW Medtech Group is €0.089. PW Medtech Group's graham number for the quarter that ended in Dec. 2025 was €0.18. Therefore, PW Medtech Group's Price to Graham Number ratio for today is 0.51.
The historical rank and industry rank for PW Medtech Group's Graham Number or its related term are showing as below:
FRA:PWE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.3 Med: 0.55 Max: 1.58
Current: 0.56
During the past 13 years, the highest Price to Graham Number ratio of PW Medtech Group was 1.58. The lowest was 0.30. And the median was 0.55.
FRA:PWE's Price-to-Graham-Number is ranked better than 95.27% of 402
companies
in the Medical Devices & Instruments industry
Industry Median: 1.9
vs FRA:PWE: 0.56
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PW Medtech Group (FRA:PWE) 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.
PW Medtech Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.089
/
0.18
=
0.51
* 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.
PW Medtech Group Graham Number Related Terms
PW Medtech Group Graham Number Historical Data
* Premium members only.
The historical data trend for PW Medtech Group'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:PWE vs ISRG, BDX, MDLN: Graham Number Comparison
For the Medical Instruments & Supplies subindustry, PW Medtech Group'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.
PW Medtech Group Price-to-Graham-Number vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, PW Medtech Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PW Medtech Group'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.
PW Medtech Group (FRA:PWE) has a Graham Number of €0.18 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on PW Medtech Group and its competitors. This is 67% below median its historical median of 0.55. Over the past decade, PW Medtech Group's Graham Number has ranged from 0.30 to 1.58. According to the industry distribution chart, PW Medtech Group ranks #19 out of 402 companies in the Medical Devices & Instruments industry, placing it in the top 4.7%.
Is PW Medtech Group's Graham Number too high?
PW Medtech Group's current Graham Number of €0.18 is 67% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.58. Based on the distribution chart, PW Medtech Group ranks #19 out of 402 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, PW Medtech Group has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PW Medtech Group's Graham Number compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, PW Medtech Group ranks #19 out of 402 companies for Graham Number. This places PW Medtech Group in the top 5% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.90. Historically, PW Medtech Group's own Graham Number has ranged from 0.30 to 1.58 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 Medical Devices & Instruments company?
The median Graham Number among Medical Devices & Instruments companies is 1.90, based on 402 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 PW Medtech Group and its competitors. For the Medical Devices & Instruments industry, the median Graham Number is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PW Medtech Group's current Graham Number is €0.18, which is 67% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PW Medtech Group stock overvalued right now?
Based on GuruFocus' analysis, PW Medtech Group (FRA:PWE) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.13, compared to a current price of €0.09 — trading 31.5% below its estimated fair value. The current Graham Number is €0.18, which is 67% below median its 10-year median of 0.55. PW Medtech Group's overall GF Score™ is 80/100 with 7 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 PW Medtech Group (FRA:PWE), the current Graham Number is €0.18 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 PW Medtech Group (FRA:PWE) Overvalued in 2026?
Based on GuruFocus' analysis, PW Medtech Group stock appears to be undervalued.
The current stock price of €0.09 is trading 31.5% below its estimated GF Value™ of €0.13.
GuruFocus considers PW Medtech Group to be Significantly Undervalued.
Key valuation signals for FRA:PWE:
Graham Number: €0.18 (67% below median its 10-year median of 0.55)
GF Value™: €0.13 vs. price of €0.09 (31.5% below fair value)
No single metric tells the full story. See the FRA:PWE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PW Medtech Group Ltd is a medical device company focused on China's medical device industry. The Group operates in infusion sets, blood purification products, and regenerative medical biomaterials. Its products include non-PVC-based infusion sets, precision filter infusion sets, light-resistant infusion sets, intravenous cannula products, insulin needles and pens, high flux and low flux hemodialyzers, hemodiafilters, hemoperfutors, and dialysis machines. Its segments are Infusion Set Business, Blood Purification Business, which represents the R&D, manufacturing, and sales of hemodialysis and blood purification medical devices, and Regenerative Medical Biomaterials Business, which generates maximum revenue. Geographically, it operates in China, North America, India and Others.
80GF Score
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