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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.
As of today (2026-08-28), the stock price of Neturen Co is €8.11. Neturen Co's graham number for the quarter that ended in Mar. 2026 was €6.88. Therefore, Neturen Co's Price to Graham Number ratio for today is 1.01.
The historical rank and industry rank for Neturen Co's Graham Number or its related term are showing as below:
FRA:UU5'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.41 Med: 0.79 Max: 1.21
Current: 1.05
During the past 13 years, the highest Price to Graham Number ratio of Neturen Co was 1.21. The lowest was 0.41. And the median was 0.79.
FRA:UU5's Price-to-Graham-Number is ranked worse than 55.28% of 436
companies
in the Steel industry
Industry Median: 0.975
vs FRA:UU5: 1.05
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.
Neturen Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
8.11
/
8.02
=
1.01
* 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.
Neturen Co Graham Number Related Terms
Neturen Co Graham Number Historical Data
* Premium members only.
The historical data trend for Neturen Co'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:UU5 vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Neturen Co'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.
Neturen Co Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Neturen Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Neturen Co'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.
Neturen Co (FRA:UU5) has a Graham Number of €6.88 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Neturen Co and its competitors. According to the industry distribution chart, Neturen Co ranks #241 out of 436 companies in the Steel industry, placing it in the top 55.3%.
Is Neturen Co's Graham Number too high?
Neturen Co's current Graham Number is €6.88. Based on the distribution chart, Neturen Co ranks #241 out of 436 companies in the Steel industry, which is below the industry midpoint. Overall, Neturen Co has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neturen Co's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Neturen Co ranks #241 out of 436 companies for Graham Number. This places Neturen Co in the lower half of its industry. The industry median Graham Number is 0.98. 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 Steel company?
The median Graham Number among Steel companies is 0.98, based on 436 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 Neturen Co and its competitors. For the Steel industry, the median Graham Number is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neturen Co's current Graham Number is €6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neturen Co stock overvalued right now?
Based on GuruFocus' analysis, Neturen Co (FRA:UU5) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.33, compared to a current price of €8.11 — trading 28.1% above its estimated fair value. The current Graham Number is €6.88. Neturen Co's overall GF Score™ is 56/100 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 Neturen Co (FRA:UU5), the current Graham Number is €6.88 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 Neturen Co (FRA:UU5) Overvalued in 2026?
Based on GuruFocus' analysis, Neturen Co stock appears to be overvalued.
The current stock price of €8.11 is trading 28.1% above its estimated GF Value™ of €6.33.
GuruFocus considers Neturen Co to be Modestly Overvalued.
Key valuation signals for FRA:UU5:
Graham Number: €6.88
GF Value™: €6.33 vs. price of €8.11 (28.1% above fair value)
No single metric tells the full story. See the FRA:UU5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.
56GF Score
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