Green Minerals AS (HAM:5IP) Graham Number: €N/A (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:5IP Green Minerals AS HAM:5IP
24 GF Score
Price €0.11
! 2 Warning Signs
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What is Green Minerals AS Graham Number?

Green Minerals AS HAM:5IP +45.21% 24 Graham Number is €N/A as of Dec. 2025. GuruFocus rates HAM:5IP with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 610 Metals & Mining companies, Green Minerals AS ranks worse than 163934.26% 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 Green Minerals AS is €0.106. Green Minerals AS's graham number for the quarter that ended in Dec. 2025 was €N/A. Therefore, Green Minerals AS's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for Green Minerals AS's Graham Number or its related term are showing as below:

HAM:5IP's Price-to-Graham-Number is not ranked *
in the Metals & Mining industry.
Industry Median: 1.27
* Ranked among companies with meaningful Price-to-Graham-Number only.

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Green Minerals AS  (HAM:5IP) 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.

Green Minerals AS's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.106/N/A
=N/A

* 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.


Green Minerals AS Graham Number Related Terms


Green Minerals AS Graham Number Historical Data

* Premium members only.

The historical data trend for Green Minerals AS'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.

Green Minerals AS Graham Number Chart

Green Minerals AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Green Minerals AS Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Green Minerals AS Graham Number Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Green Minerals AS'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.


Green Minerals AS Price-to-Graham-Number vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Green Minerals AS's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Green Minerals AS's Price-to-Graham-Number falls into.


HAM:5IP
24GF Score
Green Minerals AS HAM:5IP
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Green Minerals AS Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Green Minerals AS's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.016*-0.019)
=N/A

Green Minerals AS's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.016*-0.068)
=N/A

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of €N/A mean?
Green Minerals AS (HAM:5IP) has a Graham Number of €N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Green Minerals AS and its competitors. According to the industry distribution chart, Green Minerals AS ranks #999999 out of 610 companies in the Metals & Mining industry.
Is Green Minerals AS's Graham Number too high?
Green Minerals AS's current Graham Number is €N/A. Based on the distribution chart, Green Minerals AS ranks #999999 out of 610 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Green Minerals AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Green Minerals AS's Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, Green Minerals AS ranks #999999 out of 610 companies for Graham Number. This places Green Minerals AS in the lower half of its industry. The industry median Graham Number is 1.27. 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.27, based on 610 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 Green Minerals AS and its competitors. For the Metals & Mining industry, the median Graham Number is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Minerals AS's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Minerals AS stock overvalued right now?
Green Minerals AS (HAM:5IP) has a current Graham Number of €N/A. The current Graham Number is €N/A. Green Minerals AS's overall GF Score™ is 24/100 with 2 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 Green Minerals AS (HAM:5IP), the current Graham Number is €N/A 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.

Green Minerals AS Business Description

Other Exchanges GEM:Norway5IP:Germany
Address Olav Selvaags plass 5, Oslo, NOR, 0252
Green Minerals AS is a Norway-based company, which operates within marine minerals industry and provides offshore mining services. The Company aims to win licenses to survey, explore and produce marine minerals on the Norwegian Continental Shelf. The main focus of Green Minerals is exploration design, design of marine minerals production system and winning licenses. The company enables the worlds drive towards electrification and digitization in a sustainable manner. The Company does this by deep sea mining of marine minerals and Rare Earth Elements key to the green shift, eliminating the social costs in onshore mining while reducing the environmental footprint and solving a strategic need for EU and USA.
24GF Score

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Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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