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TFF GroupFRFTF 88 Graham Number is $23.18 as of Oct. 2025, which is 1532% above its 10-year median of 1.42. GuruFocus rates FRFTF with a GF Score™ of 88/100 and a GF Value™ of $31.33. The stock has 6 warning signs investors should review. Among 292 Packaging & Containers companies, TFF Group ranks better than 65.41% 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 (2026-07-21), the stock price of TFF Group is $17.50. TFF Group's graham number for the quarter that ended in Oct. 2025 was $23.18. Therefore, TFF Group's Price to Graham Number ratio for today is 0.75.
The historical rank and industry rank for TFF Group's Graham Number or its related term are showing as below:
FRFTF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.76 Med: 1.42 Max: 2.12
Current: 0.76
During the past 13 years, the highest Price to Graham Number ratio of TFF Group was 2.12. The lowest was 0.76. And the median was 1.42.
FRFTF's Price-to-Graham-Number is ranked better than 65.41% of 292
companies
in the Packaging & Containers industry
Industry Median: 0.99
vs FRFTF: 0.76
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
TFF Group (OTCPK:FRFTF) 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.
TFF Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Oct. 2025 )
=
17.50
/
23.18
=
0.75
* 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.
TFF Group Graham Number Related Terms
TFF Group Graham Number Historical Data
* Premium members only.
The historical data trend for TFF Group'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 Packaging & Containers subindustry, TFF Group'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.
TFF Group Price-to-Graham-Number vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, TFF Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where TFF Group'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.
TFF Group (FRFTF) has a Graham Number of $23.18 as of Oct. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on TFF Group and its competitors. This is 1532% above median its historical median of 1.42. Over the past decade, TFF Group's Graham Number has ranged from 0.76 to 2.12. According to the industry distribution chart, TFF Group ranks #101 out of 292 companies in the Packaging & Containers industry, placing it in the top 34.6%.
Is TFF Group's Graham Number too high?
TFF Group's current Graham Number of $23.18 is 1532% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.12. The Packaging & Containers industry median Graham Number is 0.99. TFF Group's value of $23.18 is 2241.4% above this industry median. Based on the distribution chart, TFF Group ranks #101 out of 292 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, TFF Group has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does TFF Group's Graham Number compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, TFF Group ranks #101 out of 292 companies for Graham Number. This puts TFF Group in the upper half of its industry. The industry median Graham Number is 0.99. TFF Group's value of $23.18 is 2241.4% above this benchmark. Historically, TFF Group's own Graham Number has ranged from 0.76 to 2.12 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 0.99, TFF Group has consistently been above the industry average. 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 Packaging & Containers company?
The median Graham Number among Packaging & Containers companies is 0.99, based on 292 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. TFF Group's current Graham Number of $23.18 is 2241.4% above the industry median. 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 TFF Group and its competitors. For the Packaging & Containers industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TFF Group's current Graham Number is $23.18, which is 1532% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TFF Group stock overvalued right now?
TFF Group (FRFTF) has a current Graham Number of $23.18. The stock's GF Value™ is $31.33, compared to a current price of $17.50 — trading 44.1% below its estimated fair value. The current Graham Number is $23.18, which is 1532% above median its 10-year median of 1.42 and 2241.4% above the Packaging & Containers industry median of 0.99. TFF Group's overall GF Score™ is 88/100 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 TFF Group (FRFTF), the current Graham Number is $23.18 as of Oct. 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 TFF Group (FRFTF) Overvalued in 2026?
Based on GuruFocus' analysis, TFF Group stock appears to be undervalued.
The current stock price of $17.50 is trading 44.1% below its estimated GF Value™ of $31.33.
Key valuation signals for FRFTF:
Graham Number: $23.18 (1532% above median its 10-year median of 1.42)
GF Value™: $31.33 vs. price of $17.50 (44.1% below fair value)
Industry Position: 2241.4% above the Packaging & Containers median (#101 of 292)
No single metric tells the full story. See the FRFTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TFF Group is a France-based company operating in the beverage industry. The company is engaged in the manufacturing and distribution of barrels and wood products for the ageing of wines and spirits in France. The company also offers cooperages, staves, and casks. Its principal markets include wines, whiskey, and spirits. Geographically, the company derives maximum revenue from the United States and the rest from Europe (excluding France), Oceania and South Africa, France, and other regions.
88GF Score
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