Rapala VMC (FRA:RAP) Graham Number: €N/A (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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:RAP Rapala VMC Corp FRA:RAP
62 GF Score
Price €1.13
GF Value €2.38
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Rapala VMC Graham Number?

Rapala VMC FRA:RAP +1.35% 62 Graham Number is €N/A as of Dec. 2025. GuruFocus rates FRA:RAP with a GF Score™ of 62/100 and a GF Value™ of €2.38 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 492 Travel & Leisure companies, Rapala VMC ranks worse than 203251.83% 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 (2026-07-18), the stock price of Rapala VMC is €1.13. Rapala VMC's graham number for the quarter that ended in Dec. 2025 was €N/A. Therefore, Rapala VMC's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for Rapala VMC's Graham Number or its related term are showing as below:

During the past 13 years, the highest Price to Graham Number ratio of Rapala VMC was 12.82. The lowest was 1.43. And the median was 2.08.

FRA:RAP's Price-to-Graham-Number is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.235
* 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.


Rapala VMC  (FRA:RAP) 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.

Rapala VMC's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=1.13/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.


Rapala VMC Graham Number Related Terms


Rapala VMC Graham Number Historical Data

* Premium members only.

The historical data trend for Rapala VMC'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.

Rapala VMC Graham Number Chart

Rapala VMC 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 3.90 1.86 0.00 0.00 0.00

Rapala VMC 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 0.00 0.00 0.00 0.00 0.00

FRA:RAP vs AS, HAS, LTH: Graham Number Comparison

For the Leisure subindustry, Rapala VMC'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.


Rapala VMC Price-to-Graham-Number vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Rapala VMC's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Rapala VMC's Price-to-Graham-Number falls into.


FRA:RAP
62GF Score
Rapala VMC Corp FRA:RAP
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rapala VMC Graham Number Calculation

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

Rapala VMC'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*1.049*-0.238)
=N/A

Rapala VMC'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*1.049*-0.242)
=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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of €N/A mean?
Rapala VMC (FRA:RAP) has a Graham Number of €N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Rapala VMC and its competitors. Over the past decade, Rapala VMC's Graham Number has ranged from 1.43 to 12.82. According to the industry distribution chart, Rapala VMC ranks #999999 out of 492 companies in the Travel & Leisure industry.
Is Rapala VMC's Graham Number too high?
Rapala VMC's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 12.82. Based on the distribution chart, Rapala VMC ranks #999999 out of 492 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Rapala VMC has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rapala VMC's Graham Number compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Rapala VMC ranks #999999 out of 492 companies for Graham Number. This places Rapala VMC in the lower half of its industry. The industry median Graham Number is 1.24. Historically, Rapala VMC's own Graham Number has ranged from 1.43 to 12.82 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.24, based on 492 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 Rapala VMC and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rapala VMC'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 Rapala VMC stock overvalued right now?
Based on GuruFocus' analysis, Rapala VMC (FRA:RAP) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.38, compared to a current price of €1.13 — trading 52.5% below its estimated fair value. The current Graham Number is €N/A. Rapala VMC's overall GF Score™ is 62/100 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 Rapala VMC (FRA:RAP), the current Graham Number is €N/A 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 Rapala VMC (FRA:RAP) Overvalued in 2026?

Based on GuruFocus' analysis, Rapala VMC stock appears to be undervalued. The current stock price of €1.13 is trading 52.5% below its estimated GF Value™ of €2.38. GuruFocus considers Rapala VMC to be Significantly Undervalued.

Key valuation signals for FRA:RAP:

  • Graham Number: €N/A
  • GF Value™: €2.38 vs. price of €1.13 (52.5% below fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Rapala VMC Business Description

Address Makelankatu 87, Helsinki, FIN, 00610
Rapala VMC Corp is a fishing tackle company. It is engaged in the business of manufacturing, sourcing, and distributing mainly fishing tackle equipment, as well as hunting, outdoor, and winter sports equipment. The company's products include fishing lures, treble hooks, fishing-related knives and hooks, etc. The firm markets and sells its products under the Sufix, Mora Ice, Peltonen, Williamson, VMC, Storm, Blue Fox, Rapala, and other brands. Geographically, the company generates maximum revenue from North America, followed by the Nordic regions, Rest of Europe, and the Rest of the World.
62GF Score

Get the complete analysis for FRA:RAP

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

€1.13
Price
€2.38
GF Value