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Woolworths HoldingsFRA:WN3 76 Graham Number is €0.58 as of Dec. 2025, which is 100% below its 10-year median of 3.83. GuruFocus rates FRA:WN3 with a GF Score™ of 76/100 and a GF Value™ of €3.73. The stock has 4 warning signs investors should review. Among 753 Retail - Cyclical companies, Woolworths Holdings ranks worse than 89.91% 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 (2026-07-15), the stock price of Woolworths Holdings is €2.60. Woolworths Holdings's graham number for the quarter that ended in Dec. 2025 was €0.58. Therefore, Woolworths Holdings's Price to Graham Number ratio for today is 4.48.
The historical rank and industry rank for Woolworths Holdings's Graham Number or its related term are showing as below:
FRA:WN3'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.82 Med: 3.83 Max: 15.92
Current: 4.26
During the past 13 years, the highest Price to Graham Number ratio of Woolworths Holdings was 15.92. The lowest was 2.82. And the median was 3.83.
FRA:WN3's Price-to-Graham-Number is ranked worse than 89.91% of 753
companies
in the Retail - Cyclical industry
Industry Median: 1.2
vs FRA:WN3: 4.26
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Woolworths Holdings (FRA:WN3) 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.
Woolworths Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.60
/
0.58
=
4.48
* 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.
Woolworths Holdings Graham Number Related Terms
Woolworths Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Woolworths Holdings'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.
For the Department Stores subindustry, Woolworths Holdings'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.
Woolworths Holdings Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Woolworths Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Woolworths Holdings'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.
Woolworths Holdings (FRA:WN3) has a Graham Number of €0.58 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Woolworths Holdings and its competitors. This is 85% below median its historical median of 3.83. Over the past decade, Woolworths Holdings' Graham Number has ranged from 2.82 to 15.92. According to the industry distribution chart, Woolworths Holdings ranks #677 out of 753 companies in the Retail - Cyclical industry, placing it in the top 89.9%.
Is Woolworths Holdings' Graham Number too high?
Woolworths Holdings' current Graham Number of €0.58 is 85% below median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 15.92. Based on the distribution chart, Woolworths Holdings ranks #677 out of 753 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Woolworths Holdings has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Woolworths Holdings' Graham Number compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Woolworths Holdings ranks #677 out of 753 companies for Graham Number. This places Woolworths Holdings in the lower half of its industry. The industry median Graham Number is 1.20. Historically, Woolworths Holdings' own Graham Number has ranged from 2.82 to 15.92 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 1.20, based on 753 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 Woolworths Holdings and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Woolworths Holdings's current Graham Number is €0.58, which is 85% below median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Woolworths Holdings stock overvalued right now?
Woolworths Holdings (FRA:WN3) has a current Graham Number of €0.58. The stock's GF Value™ is €3.73, compared to a current price of €2.60 — trading 30.3% below its estimated fair value. The current Graham Number is €0.58, which is 85% below median its 10-year median of 3.83. Woolworths Holdings' overall GF Score™ is 76/100 with 4 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 Woolworths Holdings (FRA:WN3), the current Graham Number is €0.58 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 Woolworths Holdings (FRA:WN3) Overvalued in 2026?
Based on GuruFocus' analysis, Woolworths Holdings stock appears to be undervalued.
The current stock price of €2.60 is trading 30.3% below its estimated GF Value™ of €3.73.
Key valuation signals for FRA:WN3:
Graham Number: €0.58 (85% below median its 10-year median of 3.83)
GF Value™: €3.73 vs. price of €2.60 (30.3% below fair value)
No single metric tells the full story. See the FRA:WN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Woolworths Holdings Ltd is a southern hemisphere retail Group. Its current operations are conducted through its two operating subsidiaries. The segments involve: Fashion, Beauty and Home; Food; Logistics; Woolworths Financial Services; Country Road Group; and Treasury. It derives maximum revenue from Food Segment. Geographically, It operates iun South Africa, Australia and New Zealand and Rest of Africa.
76GF Score
Get the complete analysis for FRA:WN3
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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