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Hang Lung GroupHNLGY 54 Graham Number is $30.15 as of Dec. 2025. GuruFocus rates HNLGY with a GF Score™ of 54/100 and a GF Value™ of $6.66 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,156 Real Estate companies, Hang Lung Group ranks better than 89.97% 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 (2026-09-08), the stock price of Hang Lung Group is $7.87. Hang Lung Group's graham number for the quarter that ended in Dec. 2025 was $30.15. Therefore, Hang Lung Group's Price to Graham Number ratio for today is 0.30.
The historical rank and industry rank for Hang Lung Group's Graham Number or its related term are showing as below:
HNLGY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.18 Med: 0.33 Max: 0.5
Current: 0.3
During the past 13 years, the highest Price to Graham Number ratio of Hang Lung Group was 0.50. The lowest was 0.18. And the median was 0.33.
HNLGY's Price-to-Graham-Number is ranked better than 89.97% of 1156
companies
in the Real Estate industry
Industry Median: 0.73
vs HNLGY: 0.30
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hang Lung Group (OTCPK:HNLGY) 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.
Hang Lung Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
7.87
/
26.42
=
0.30
* 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.
Hang Lung Group Graham Number Related Terms
Hang Lung Group Graham Number Historical Data
* Premium members only.
The historical data trend for Hang Lung Group'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.
HNLGY vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Hang Lung Group'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.
Hang Lung Group Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hang Lung Group'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.
Hang Lung Group (HNLGY) has a Graham Number of $30.15 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hang Lung Group and its competitors. According to the industry distribution chart, Hang Lung Group ranks #116 out of 1156 companies in the Real Estate industry, placing it in the top 10%.
Is Hang Lung Group's Graham Number too high?
Hang Lung Group's current Graham Number is $30.15. The Real Estate industry median Graham Number is 0.73. Hang Lung Group's value of $30.15 is 4030.1% above this industry median. Based on the distribution chart, Hang Lung Group ranks #116 out of 1156 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hang Lung Group has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Group's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Group ranks #116 out of 1156 companies for Graham Number. This places Hang Lung Group in the top 10% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.73. Hang Lung Group's value of $30.15 is 4030.1% above this benchmark. 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.73, based on 1,156 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. Hang Lung Group's current Graham Number of $30.15 is 4030.1% 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 Hang Lung Group and its competitors. For the Real Estate industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hang Lung Group's current Graham Number is $30.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Group stock overvalued right now?
Based on GuruFocus' analysis, Hang Lung Group (HNLGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.66, compared to a current price of $7.87 — trading 18.2% above its estimated fair value. The current Graham Number is $30.15 and 4030.1% above the Real Estate industry median of 0.73. Hang Lung Group's overall GF Score™ is 54/100 with 7 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 Hang Lung Group (HNLGY), the current Graham Number is $30.15 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 Hang Lung Group (HNLGY) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Group stock appears to be overvalued.
The current stock price of $7.87 is trading 18.2% above its estimated GF Value™ of $6.66.
GuruFocus considers Hang Lung Group to be Modestly Overvalued.
Key valuation signals for HNLGY:
Graham Number: $30.15
GF Value™: $6.66 vs. price of $7.87 (18.2% above fair value)
Industry Position: 4030.1% above the Real Estate median (#116 of 1156)
No single metric tells the full story. See the HNLGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hang Lung Group Ltd is an investment holding company. Through its subsidiaries, it is engaged in property development for sales and leasing, property investment for rental income, and other investments. The Group also operates in property management, and through its joint ventures, is involved in the provision of dry and laundry cleaning services. Its reportable segments are Property Leasing, Hotels, and Property Sales. Maximum revenue is generated from the Property Leasing segment, which includes leasing of a portfolio of commercial, office, and residential properties in Mainland China and Hong Kong. Geographically, the Group generates maximum revenue from the Chinese Mainland and the rest from Hong Kong.
54GF Score
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