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AMTD DigitalHKD +0.58%63 Graham Number is $1.36 as of Oct. 2025, which is 61% below its 10-year median of 3.46. GuruFocus rates HKD with a GF Score™ of 63/100 and a GF Value™ of $4.82 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,483 Software companies, AMTD Digital ranks better than 68.91% 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 (2026-08-21), the stock price of AMTD Digital is $1.72. AMTD Digital's graham number for the quarter that ended in Oct. 2025 was $1.36. Therefore, AMTD Digital's Price to Graham Number ratio for today is 1.27.
The historical rank and industry rank for AMTD Digital's Graham Number or its related term are showing as below:
HKD'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.26 Med: 3.46 Max: 3.46
Current: 1.26
During the past 7 years, the highest Price to Graham Number ratio of AMTD Digital was 3.46. The lowest was 1.26. And the median was 3.46.
HKD's Price-to-Graham-Number is ranked better than 68.91% of 1483
companies
in the Software industry
Industry Median: 1.9
vs HKD: 1.26
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
AMTD Digital's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Oct. 2025 )
=
1.72
/
1.36
=
1.27
* 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.
AMTD Digital Graham Number Related Terms
AMTD Digital Graham Number Historical Data
* Premium members only.
The historical data trend for AMTD Digital'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 Software - Application subindustry, AMTD Digital'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.
AMTD Digital Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, AMTD Digital's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AMTD Digital'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.
AMTD Digital (HKD) has a Graham Number of $1.36 as of Oct. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on AMTD Digital and its competitors. This is 61% below median its historical median of 3.46. Over the past decade, AMTD Digital's Graham Number has ranged from 1.26 to 3.46. According to the industry distribution chart, AMTD Digital ranks #461 out of 1483 companies in the Software industry, placing it in the top 31.1%.
Is AMTD Digital's Graham Number too high?
AMTD Digital's current Graham Number of $1.36 is 61% below median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 3.46. The Software industry median Graham Number is 1.90. AMTD Digital's value of $1.36 is 28.4% below this industry median. Based on the distribution chart, AMTD Digital ranks #461 out of 1483 companies in the Software industry, which is above the industry midpoint. Overall, AMTD Digital has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AMTD Digital's Graham Number compare to ALIT and OOMA?
According to the Software industry distribution chart, AMTD Digital ranks #461 out of 1483 companies for Graham Number. This puts AMTD Digital in the upper half of its industry. The industry median Graham Number is 1.90. AMTD Digital's value of $1.36 is 28.4% below this benchmark. Historically, AMTD Digital's own Graham Number has ranged from 1.26 to 3.46 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 1.90, AMTD Digital 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 Software company?
The median Graham Number among Software companies is 1.90, based on 1,483 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. AMTD Digital's current Graham Number of $1.36 is 28.4% 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 AMTD Digital and its competitors. For the Software industry, the median Graham Number is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMTD Digital's current Graham Number is $1.36, which is 61% below median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMTD Digital stock overvalued right now?
Based on GuruFocus' analysis, AMTD Digital (HKD) is currently considered Possible Value Trap. The stock's GF Value™ is $4.82, compared to a current price of $1.72 — trading 64.3% below its estimated fair value. The current Graham Number is $1.36, which is 61% below median its 10-year median of 3.46 and 28.4% below the Software industry median of 1.90. AMTD Digital's overall GF Score™ is 63/100 with 8 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 AMTD Digital (HKD), the current Graham Number is $1.36 as of Oct. 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 AMTD Digital (HKD) Overvalued in 2026?
Based on GuruFocus' analysis, AMTD Digital stock appears to be undervalued.
The current stock price of $1.72 is trading 64.3% below its estimated GF Value™ of $4.82.
GuruFocus considers AMTD Digital to be Possible Value Trap.
Key valuation signals for HKD:
Graham Number: $1.36 (61% below median its 10-year median of 3.46)
GF Value™: $4.82 vs. price of $1.72 (64.3% below fair value)
Industry Position: 28.4% below the Software median (#461 of 1483)
No single metric tells the full story. See the HKD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMTD Digital Inc along with its subsidiaries, is mainly involved in the provision of digital solutions services. Its reportable segments are digital solutions services segment; hotel operations, hospitality and VIP services segment; media and entertainment services segment; and Strategic investments. The company generates maximum revenue from Digital solutions services segment, which provides its institutional and corporate clients with exclusive, paid access to enhance their investor communication, investor relations and corporate communication to potentially maximize their valuation, as well as providing digital solution services. Geographically, the company generates revenue from China, Hong Kong, Europe, Americas and Southeast Asia.
63GF Score
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