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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 MGI Digital Graphic Technology's Graham Number or its related term are showing as below:
FRIIF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.46 Med: 2.05 Max: 3.55
Current: 0.53
During the past 13 years, the highest Price to Graham Number ratio of MGI Digital Graphic Technology was 3.55. The lowest was 0.46. And the median was 2.05.
FRIIF's Price-to-Graham-Number is ranked better than 91.12% of 1622
companies
in the Hardware industry
Industry Median: 1.97
vs FRIIF: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
MGI Digital Graphic Technology (OTCPK:FRIIF) 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.
MGI Digital Graphic Technology's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
12.88
/
23.65
=
0.54
* 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.
MGI Digital Graphic Technology Graham Number Related Terms
MGI Digital Graphic Technology 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.
MGI Digital Graphic Technology Graham Number Chart
FRIIF vs SNDK, DELL, STX: Graham Number Comparison
For the Computer Hardware subindustry, MGI Digital Graphic Technology'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.
MGI Digital Graphic Technology Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, MGI Digital Graphic Technology's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where MGI Digital Graphic Technology'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.
MGI Digital Graphic Technology (FRIIF) has a Graham Number of $23.65 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on MGI Digital Graphic Technology and its competitors. This is 1054% above median its historical median of 2.05. Over the past decade, MGI Digital Graphic Technology's Graham Number has ranged from 0.46 to 3.55. According to the industry distribution chart, MGI Digital Graphic Technology ranks #144 out of 1622 companies in the Hardware industry, placing it in the top 8.9%.
Is MGI Digital Graphic Technology's Graham Number too high?
MGI Digital Graphic Technology's current Graham Number of $23.65 is 1054% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 3.55. The Hardware industry median Graham Number is 1.97. MGI Digital Graphic Technology's value of $23.65 is 1100.5% above this industry median. Based on the distribution chart, MGI Digital Graphic Technology ranks #144 out of 1622 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MGI Digital Graphic Technology has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does MGI Digital Graphic Technology's Graham Number compare to SNDK and DELL?
According to the Hardware industry distribution chart, MGI Digital Graphic Technology ranks #144 out of 1622 companies for Graham Number. This places MGI Digital Graphic Technology in the top 9% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.97. MGI Digital Graphic Technology's value of $23.65 is 1100.5% above this benchmark. Historically, MGI Digital Graphic Technology's own Graham Number has ranged from 0.46 to 3.55 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.97, MGI Digital Graphic Technology 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 Hardware company?
The median Graham Number among Hardware companies is 1.97, based on 1,622 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. MGI Digital Graphic Technology's current Graham Number of $23.65 is 1100.5% 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 MGI Digital Graphic Technology and its competitors. For the Hardware industry, the median Graham Number is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Digital Graphic Technology's current Graham Number is $23.65, which is 1054% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Digital Graphic Technology stock overvalued right now?
MGI Digital Graphic Technology (FRIIF) has a current Graham Number of $23.65. The stock's GF Value™ is $25.37, compared to a current price of $12.88 — trading 49.2% below its estimated fair value. The current Graham Number is $23.65, which is 1054% above median its 10-year median of 2.05 and 1100.5% above the Hardware industry median of 1.97. MGI Digital Graphic Technology's overall GF Score™ is 79/100 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 MGI Digital Graphic Technology (FRIIF), the current Graham Number is $23.65 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 MGI Digital Graphic Technology (FRIIF) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Digital Graphic Technology stock appears to be undervalued.
The current stock price of $12.88 is trading 49.2% below its estimated GF Value™ of $25.37.
Key valuation signals for FRIIF:
Graham Number: $23.65 (1054% above median its 10-year median of 2.05)
GF Value™: $25.37 vs. price of $12.88 (49.2% below fair value)
Industry Position: 1100.5% above the Hardware median (#144 of 1622)
No single metric tells the full story. See the FRIIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Digital Graphic Technology Business Description
MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.
79GF Score
Get the complete analysis for FRIIF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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