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Apranga APBFRA:WHX 83 Graham Number is €2.85 as of Mar. 2026, which is 100% below its 10-year median of 1.06. GuruFocus rates FRA:WHX with a GF Score™ of 83/100 and a GF Value™ of €3.40 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 758 Retail - Cyclical companies, Apranga APB ranks worse than 55.41% 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 (2026-07-28), the stock price of Apranga APB is €3.89. Apranga APB's graham number for the quarter that ended in Mar. 2026 was €2.85. Therefore, Apranga APB's Price to Graham Number ratio for today is 1.36.
The historical rank and industry rank for Apranga APB's Graham Number or its related term are showing as below:
FRA:WHX'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69 Med: 1.06 Max: 1.38
Current: 1.38
During the past 13 years, the highest Price to Graham Number ratio of Apranga APB was 1.38. The lowest was 0.69. And the median was 1.06.
FRA:WHX's Price-to-Graham-Number is ranked worse than 55.41% of 758
companies
in the Retail - Cyclical industry
Industry Median: 1.215
vs FRA:WHX: 1.38
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Apranga APB (FRA:WHX) 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.
Apranga APB's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.89
/
2.85
=
1.36
* 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.
Apranga APB Graham Number Related Terms
Apranga APB Graham Number Historical Data
* Premium members only.
The historical data trend for Apranga APB'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:WHX vs TJX, ROST, BURL: Graham Number Comparison
For the Apparel Retail subindustry, Apranga APB'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.
Apranga APB Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Apranga APB's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Apranga APB'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.
Apranga APB (FRA:WHX) has a Graham Number of €2.85 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Apranga APB and its competitors. This is 169% above median its historical median of 1.06. Over the past decade, Apranga APB's Graham Number has ranged from 0.69 to 1.38. According to the industry distribution chart, Apranga APB ranks #420 out of 758 companies in the Retail - Cyclical industry, placing it in the top 55.4%.
Is Apranga APB's Graham Number too high?
Apranga APB's current Graham Number of €2.85 is 169% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.38. Based on the distribution chart, Apranga APB ranks #420 out of 758 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Apranga APB has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apranga APB's Graham Number compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Apranga APB ranks #420 out of 758 companies for Graham Number. This places Apranga APB in the lower half of its industry. The industry median Graham Number is 1.22. Historically, Apranga APB's own Graham Number has ranged from 0.69 to 1.38 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.22, based on 758 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 Apranga APB and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apranga APB's current Graham Number is €2.85, which is 169% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apranga APB stock overvalued right now?
Based on GuruFocus' analysis, Apranga APB (FRA:WHX) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.40, compared to a current price of €3.89 — trading 14.4% above its estimated fair value. The current Graham Number is €2.85, which is 169% above median its 10-year median of 1.06. Apranga APB's overall GF Score™ is 83/100 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 Apranga APB (FRA:WHX), the current Graham Number is €2.85 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 Apranga APB (FRA:WHX) Overvalued in 2026?
Based on GuruFocus' analysis, Apranga APB stock appears to be overvalued.
The current stock price of €3.89 is trading 14.4% above its estimated GF Value™ of €3.40.
GuruFocus considers Apranga APB to be Modestly Overvalued.
Key valuation signals for FRA:WHX:
Graham Number: €2.85 (169% above median its 10-year median of 1.06)
GF Value™: €3.40 vs. price of €3.89 (14.4% above fair value)
No single metric tells the full story. See the FRA:WHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apranga APB is a fashion retailer in the Baltic States that has partnerships with various European and international brands. The company operates and utilizes retail multi-brand stores, such as Apranga, Aprangos galerija, City, and Mados Linija, etc, and e-commerce platforms (owned and third party) to sell clothes, footwear, and other related accessories. It serves key markets such as Lithuania, Latvia, and Estonia and represents different customer groups according to the main retail segments of its activities: Economy, Youth, Business, Luxury, Zara, Outlets, and Footwear. The Company's reportable segments include Lithuania, which derives maximum revenue, Latvia, and Estonia.
83GF Score
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