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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 Johnson Controls International's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Johnson Controls International was 3.40. The lowest was 3.40. And the median was 3.40.
FRA:TYIA's Price-to-Graham-Number is not ranked *
in the Construction industry.
Industry Median: 1.01 * 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.
Johnson Controls International (FRA:TYIA) 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.
Johnson Controls International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
126.75
/
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.
Johnson Controls International Graham Number Related Terms
Johnson Controls International 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.
Johnson Controls International Graham Number Chart
FRA:TYIA vs TT, CARR, LII: Graham Number Comparison
For the Building Products & Equipment subindustry, Johnson Controls International'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.
Johnson Controls International Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Johnson Controls International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Johnson Controls International'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.
Johnson Controls International (FRA:TYIA) 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 Johnson Controls International and its competitors. Over the past decade, Johnson Controls International's Graham Number has ranged from 3.40 to 3.40. According to the industry distribution chart, Johnson Controls International ranks #999999 out of 1216 companies in the Construction industry.
Is Johnson Controls International's Graham Number too high?
Johnson Controls International's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 3.40. Based on the distribution chart, Johnson Controls International ranks #999999 out of 1216 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Johnson Controls International has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Johnson Controls International's Graham Number compare to TT and CARR?
According to the Construction industry distribution chart, Johnson Controls International ranks #999999 out of 1216 companies for Graham Number. This places Johnson Controls International in the lower half of its industry. The industry median Graham Number is 1.01. Historically, Johnson Controls International's own Graham Number has ranged from 3.40 to 3.40 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 Construction company?
The median Graham Number among Construction companies is 1.01, based on 1,216 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 Johnson Controls International and its competitors. For the Construction industry, the median Graham Number is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Controls International'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 Johnson Controls International stock overvalued right now?
Based on GuruFocus' analysis, Johnson Controls International (FRA:TYIA) is currently considered Significantly Overvalued. The stock's GF Value™ is €84.28, compared to a current price of €126.75 — trading 50.4% above its estimated fair value. The current Graham Number is €N/A. Johnson Controls International's overall GF Score™ is 76/100 with 6 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 Johnson Controls International (FRA:TYIA), 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 Johnson Controls International (FRA:TYIA) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Controls International stock appears to be overvalued.
The current stock price of €126.75 is trading 50.4% above its estimated GF Value™ of €84.28.
GuruFocus considers Johnson Controls International to be Significantly Overvalued.
Key valuation signals for FRA:TYIA:
Graham Number: €N/A
GF Value™: €84.28 vs. price of €126.75 (50.4% above fair value)
No single metric tells the full story. See the FRA:TYIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Johnson Controls International Business Description
Following Johnson Controls' divestiture of its residential and light commercial HVAC businesses to Bosch in 2025, nearly all of its revenue comes from commercial HVAC (60%) and fire and security products and services (40%). A 2016 merger joined Johnson Controls' HVAC and Tyco's fire and security businesses with the premise that there is synergy in offering a broader variety of automation products and solutions to commercial buildings. We estimate Johnson Controls' pro forma revenue mix will be one-third products, one-third installation, and one-third services.
76GF Score
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