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Futu HoldingsFUTU -1.17%80 Graham Number is $87.65 as of Mar. 2026, which is 4797% above its 10-year median of 1.79. GuruFocus rates FUTU with a GF Score™ of 80/100 and a GF Value™ of $161.18 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 529 Capital Markets companies, Futu Holdings ranks better than 51.8% 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 (2026-07-17), the stock price of Futu Holdings is $96.33. Futu Holdings's graham number for the quarter that ended in Mar. 2026 was $87.65. Therefore, Futu Holdings's Price to Graham Number ratio for today is 1.10.
The historical rank and industry rank for Futu Holdings's Graham Number or its related term are showing as below:
FUTU'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.97 Med: 1.79 Max: 7.6
Current: 1.1
During the past 10 years, the highest Price to Graham Number ratio of Futu Holdings was 7.60. The lowest was 0.97. And the median was 1.79.
FUTU's Price-to-Graham-Number is ranked better than 51.8% of 529
companies
in the Capital Markets industry
Industry Median: 1.13
vs FUTU: 1.10
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Futu Holdings (NAS:FUTU) 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.
Futu Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
96.33
/
87.65
=
1.10
* 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.
Futu Holdings Graham Number Related Terms
Futu Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Futu 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 Capital Markets subindustry, Futu 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.
Futu Holdings Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Futu Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Futu 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.
Futu Holdings (FUTU) has a Graham Number of $87.65 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Futu Holdings and its competitors. This is 4797% above median its historical median of 1.79. Over the past decade, Futu Holdings' Graham Number has ranged from 0.97 to 7.60. According to the industry distribution chart, Futu Holdings ranks #255 out of 529 companies in the Capital Markets industry, placing it in the top 48.2%.
Is Futu Holdings' Graham Number too high?
Futu Holdings' current Graham Number of $87.65 is 4797% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 7.60. The Capital Markets industry median Graham Number is 1.13. Futu Holdings' value of $87.65 is 7656.6% above this industry median. Based on the distribution chart, Futu Holdings ranks #255 out of 529 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Futu Holdings has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futu Holdings' Graham Number compare to EVR and HUT?
According to the Capital Markets industry distribution chart, Futu Holdings ranks #255 out of 529 companies for Graham Number. This puts Futu Holdings in the upper half of its industry. The industry median Graham Number is 1.13. Futu Holdings' value of $87.65 is 7656.6% above this benchmark. Historically, Futu Holdings' own Graham Number has ranged from 0.97 to 7.60 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.13, Futu Holdings 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.13, based on 529 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. Futu Holdings's current Graham Number of $87.65 is 7656.6% 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 Futu Holdings and its competitors. For the Capital Markets industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futu Holdings's current Graham Number is $87.65, which is 4797% above median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futu Holdings (FUTU) is currently considered Possible Value Trap. The stock's GF Value™ is $161.18, compared to a current price of $96.33 — trading 40.2% below its estimated fair value. The current Graham Number is $87.65, which is 4797% above median its 10-year median of 1.79 and 7656.6% above the Capital Markets industry median of 1.13. Futu Holdings' overall GF Score™ is 80/100 with 1 warning sign 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 Futu Holdings (FUTU), the current Graham Number is $87.65 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 Futu Holdings (FUTU) Overvalued in 2026?
Based on GuruFocus' analysis, Futu Holdings stock appears to be undervalued.
The current stock price of $96.33 is trading 40.2% below its estimated GF Value™ of $161.18.
GuruFocus considers Futu Holdings to be Possible Value Trap.
Key valuation signals for FUTU:
Graham Number: $87.65 (4797% above median its 10-year median of 1.79)
GF Value™: $161.18 vs. price of $96.33 (40.2% below fair value)
Industry Position: 7656.6% above the Capital Markets median (#255 of 529)
No single metric tells the full story. See the FUTU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Futu Holdings Ltd is an online broker providing one-stop online investing services.. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Group engages in online brokerage services and margin financing services. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. Geographically, it operates in Hong Kong, which derives key revenue and it also has its presence in other countries.
80GF Score
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