HDALF (Haidilao International Holding) Graham Number: $0.75 (As of Dec. 2025) — 83% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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HDALF Haidilao International Holding Ltd HDALF
88 GF Score
Price $1.47
GF Value $2.30
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Haidilao International Holding Graham Number?

Haidilao International Holding HDALF +2.34% 88 Graham Number is $0.75 as of Dec. 2025, which is 83% below its 10-year median of 4.36. GuruFocus rates HDALF with a GF Score™ of 88/100 and a GF Value™ of $2.30 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 205 Restaurants companies, Haidilao International Holding ranks worse than 61.95% 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 Haidilao International Holding is $1.47. Haidilao International Holding's graham number for the quarter that ended in Dec. 2025 was $0.75. Therefore, Haidilao International Holding's Price to Graham Number ratio for today is 1.97.

The historical rank and industry rank for Haidilao International Holding's Graham Number or its related term are showing as below:

HDALF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.94   Med: 4.36   Max: 31.76
Current: 1.99

During the past 11 years, the highest Price to Graham Number ratio of Haidilao International Holding was 31.76. The lowest was 1.94. And the median was 4.36.

HDALF's Price-to-Graham-Number is ranked worse than
61.95% of 205 companies
in the Restaurants industry
Industry Median: 1.62 vs HDALF: 1.99

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


Haidilao International Holding  (OTCPK:HDALF) 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.

Haidilao International Holding's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=1.47/0.75
=1.97

* 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.


Haidilao International Holding Graham Number Related Terms


Haidilao International Holding Graham Number Historical Data

* Premium members only.

The historical data trend for Haidilao International Holding'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.

Haidilao International Holding Graham Number Chart

Haidilao International Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.41 0.87 0.81 0.75

Haidilao International Holding Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 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 Premium Member Only 0.87 0.77 0.81 0.75 0.75

HDALF vs MCD, SBUX, YUM: Graham Number Comparison

For the Restaurants subindustry, Haidilao International Holding'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.


Haidilao International Holding Price-to-Graham-Number vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Haidilao International Holding's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Haidilao International Holding's Price-to-Graham-Number falls into.


HDALF
88GF Score
Haidilao International Holding Ltd HDALF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Haidilao International Holding Graham Number Calculation

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

Haidilao International Holding'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*0.259*0.097)
=0.75

Haidilao International Holding'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*0.259*0.096)
=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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $0.75 mean?
Haidilao International Holding (HDALF) has a Graham Number of $0.75 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Haidilao International Holding and its competitors. This is 83% below median its historical median of 4.36. Over the past decade, Haidilao International Holding's Graham Number has ranged from 1.94 to 31.76. According to the industry distribution chart, Haidilao International Holding ranks #127 out of 205 companies in the Restaurants industry, placing it in the top 62%.
Is Haidilao International Holding's Graham Number too high?
Haidilao International Holding's current Graham Number of $0.75 is 83% below median its 10-year median of 4.36. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 31.76. The Restaurants industry median Graham Number is 1.62. Haidilao International Holding's value of $0.75 is 53.7% below this industry median. Based on the distribution chart, Haidilao International Holding ranks #127 out of 205 companies in the Restaurants industry, which is below the industry midpoint. Overall, Haidilao International Holding has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Haidilao International Holding's Graham Number compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Haidilao International Holding ranks #127 out of 205 companies for Graham Number. This places Haidilao International Holding in the lower half of its industry. The industry median Graham Number is 1.62. Haidilao International Holding's value of $0.75 is 53.7% below this benchmark. Historically, Haidilao International Holding's own Graham Number has ranged from 1.94 to 31.76 over the past decade. While the company's 10-year median is 4.36 vs. the industry median of 1.62, Haidilao International Holding has consistently been below 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 Restaurants company?
The median Graham Number among Restaurants companies is 1.62, based on 205 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. Haidilao International Holding's current Graham Number of $0.75 is 53.7% below 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 Haidilao International Holding and its competitors. For the Restaurants industry, the median Graham Number is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haidilao International Holding's current Graham Number is $0.75, which is 83% below median its own 10-year median of 4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haidilao International Holding stock overvalued right now?
Based on GuruFocus' analysis, Haidilao International Holding (HDALF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.30, compared to a current price of $1.47 — trading 36.1% below its estimated fair value. The current Graham Number is $0.75, which is 83% below median its 10-year median of 4.36 and 53.7% below the Restaurants industry median of 1.62. Haidilao International Holding's overall GF Score™ is 88/100 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 Haidilao International Holding (HDALF), the current Graham Number is $0.75 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 Haidilao International Holding (HDALF) Overvalued in 2026?

Based on GuruFocus' analysis, Haidilao International Holding stock appears to be undervalued. The current stock price of $1.47 is trading 36.1% below its estimated GF Value™ of $2.30. GuruFocus considers Haidilao International Holding to be Significantly Undervalued.

Key valuation signals for HDALF:

  • Graham Number: $0.75 (83% below median its 10-year median of 4.36)
  • GF Value™: $2.30 vs. price of $1.47 (36.1% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 53.7% below the Restaurants median (#127 of 205)

No single metric tells the full story. See the HDALF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haidilao International Holding Business Description

Other Exchanges 06862:Hong Kong8HI:Germany
Address No. 398 Yard, Zhongdong Road, 7th Floor, No. 1 Building, Dongxiaokou Town, Changping District, Beijing, CHN, 102218
Haidilao, founded in Sichuan in 1998, is a prominent Chinese hot pot restaurant operator. Following the spinoff of its international unit Super Hi, Haidilao now focuses solely on managing restaurants in Greater China.By the end of 2024, the chain operated over 1,300 stores in Greater China, generating more than CNY 40 billion in systemwide sales, making it one of the largest restaurant operators in China. The majority of its restaurants are company-owned, with only a small fraction franchised.
88GF Score

Get the complete analysis for HDALF

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

$1.47
Price
$2.30
GF Value