Henkel AG KGaAHENOF 76 Graham Number is $34.99 as of Dec. 2025, which is 1078% above its 10-year median of 2.97. GuruFocus rates HENOF with a GF Score™ of 76/100 and a GF Value™ of $83.30 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,381 Consumer Packaged Goods companies, Henkel AG KGaA ranks worse than 84.21% 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 (2026-07-11), the stock price of Henkel AG KGaA is $83.50. Henkel AG KGaA's graham number for the quarter that ended in Dec. 2025 was $34.99. Therefore, Henkel AG KGaA's Price to Graham Number ratio for today is 2.39.
The historical rank and industry rank for Henkel AG KGaA's Graham Number or its related term are showing as below:
HENOF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.32 Med: 2.97 Max: 12.08
Current: 2.44
During the past 13 years, the highest Price to Graham Number ratio of Henkel AG KGaA was 12.08. The lowest was 2.32. And the median was 2.97.
HENOF's Price-to-Graham-Number is ranked worse than 84.21% of 1381
companies
in the Consumer Packaged Goods industry
Industry Median: 1.09
vs HENOF: 2.44
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Henkel AG KGaA (OTCPK:HENOF) 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.
Henkel AG KGaA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
83.50
/
34.99
=
2.39
* 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.
Henkel AG KGaA Graham Number Related Terms
Henkel AG KGaA Graham Number Historical Data
* Premium members only.
The historical data trend for Henkel AG KGaA'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 Household & Personal Products subindustry, Henkel AG KGaA'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.
Henkel AG KGaA Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Henkel AG KGaA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Henkel AG KGaA'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.
Henkel AG KGaA (HENOF) has a Graham Number of $34.99 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Henkel AG KGaA and its competitors. This is 1078% above median its historical median of 2.97. Over the past decade, Henkel AG KGaA's Graham Number has ranged from 2.32 to 12.08. According to the industry distribution chart, Henkel AG KGaA ranks #1163 out of 1381 companies in the Consumer Packaged Goods industry, placing it in the top 84.2%.
Is Henkel AG KGaA's Graham Number too high?
Henkel AG KGaA's current Graham Number of $34.99 is 1078% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 12.08. The Consumer Packaged Goods industry median Graham Number is 1.09. Henkel AG KGaA's value of $34.99 is 3110.1% above this industry median. Based on the distribution chart, Henkel AG KGaA ranks #1163 out of 1381 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Henkel AG KGaA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henkel AG KGaA's Graham Number compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Henkel AG KGaA ranks #1163 out of 1381 companies for Graham Number. This places Henkel AG KGaA in the lower half of its industry. The industry median Graham Number is 1.09. Henkel AG KGaA's value of $34.99 is 3110.1% above this benchmark. Historically, Henkel AG KGaA's own Graham Number has ranged from 2.32 to 12.08 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 1.09, Henkel AG KGaA 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.09, based on 1,381 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. Henkel AG KGaA's current Graham Number of $34.99 is 3110.1% 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 Henkel AG KGaA and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henkel AG KGaA's current Graham Number is $34.99, which is 1078% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henkel AG KGaA stock overvalued right now?
Based on GuruFocus' analysis, Henkel AG KGaA (HENOF) is currently considered Fairly Valued. The stock's GF Value™ is $83.30, compared to a current price of $83.50 — trading 0.2% above its estimated fair value. The current Graham Number is $34.99, which is 1078% above median its 10-year median of 2.97 and 3110.1% above the Consumer Packaged Goods industry median of 1.09. Henkel AG KGaA's overall GF Score™ is 76/100 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 Henkel AG KGaA (HENOF), the current Graham Number is $34.99 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 Henkel AG KGaA (HENOF) Overvalued in 2026?
Based on GuruFocus' analysis, Henkel AG KGaA stock appears to be overvalued.
The current stock price of $83.50 is trading 0.2% above its estimated GF Value™ of $83.30.
GuruFocus considers Henkel AG KGaA to be Fairly Valued.
Key valuation signals for HENOF:
Graham Number: $34.99 (1078% above median its 10-year median of 2.97)
GF Value™: $83.30 vs. price of $83.50 (0.2% above fair value)
Industry Position: 3110.1% above the Consumer Packaged Goods median (#1163 of 1381)
No single metric tells the full story. See the HENOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Two distinct customer groups constitute Henkel. The consumer segment (around 47% of consolidated 2025 sales) is laundry and homecare, including the Persil and Purex laundry detergent brands; haircare, including the Schwarzkopf brand; and other brands, including Dial in hand soap. The adhesive technologies segment makes up the remaining 53% of sales. Sales in Europe accounted for 38% of the firm's consolidated total in 2025, while Asia-Pacific and North America accounted for 17% and 26%, respectively.
76GF Score
Get the complete analysis for HENOF
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