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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.
The historical rank and industry rank for Celik Halat ve Telnayii AS's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Celik Halat ve Telnayii AS was 7.79. The lowest was 0.63. And the median was 0.99.
IST:CELHA's Price-to-Graham-Number is not ranked *
in the Industrial Products industry.
Industry Median: 1.78 * 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.
Celik Halat ve Telnayii AS (IST:CELHA) 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.
Celik Halat ve Telnayii AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
24.82
/
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.
Celik Halat ve Telnayii AS Graham Number Related Terms
Celik Halat ve Telnayii AS Graham Number Historical Data
* 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.
IST:CELHA vs CRS, ATI, MLI: Graham Number Comparison
For the Metal Fabrication subindustry, Celik Halat ve Telnayii 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.
Celik Halat ve Telnayii AS Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Celik Halat ve Telnayii AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Celik Halat ve Telnayii AS'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.
Celik Halat ve Telnayii AS (IST:CELHA) has a Graham Number of ₺N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Celik Halat ve Telnayii AS and its competitors. Over the past decade, Celik Halat ve Telnayii AS's Graham Number has ranged from 0.63 to 7.79. According to the industry distribution chart, Celik Halat ve Telnayii AS ranks #999999 out of 2209 companies in the Industrial Products industry.
Is Celik Halat ve Telnayii AS's Graham Number too high?
Celik Halat ve Telnayii AS's current Graham Number is ₺N/A. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 7.79. Based on the distribution chart, Celik Halat ve Telnayii AS ranks #999999 out of 2209 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Celik Halat ve Telnayii AS has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Celik Halat ve Telnayii AS's Graham Number compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Celik Halat ve Telnayii AS ranks #999999 out of 2209 companies for Graham Number. This places Celik Halat ve Telnayii AS in the lower half of its industry. The industry median Graham Number is 1.78. Historically, Celik Halat ve Telnayii AS's own Graham Number has ranged from 0.63 to 7.79 over the past decade. 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.78, based on 2,209 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 Celik Halat ve Telnayii AS and its competitors. For the Industrial Products industry, the median Graham Number is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celik Halat ve Telnayii 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 Celik Halat ve Telnayii AS stock overvalued right now?
Based on GuruFocus' analysis, Celik Halat ve Telnayii AS (IST:CELHA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺6.70, compared to a current price of ₺24.82 — trading 270.4% above its estimated fair value. The current Graham Number is ₺N/A. Celik Halat ve Telnayii AS's overall GF Score™ is 38/100 with 9 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 Celik Halat ve Telnayii AS (IST:CELHA), the current Graham Number is ₺N/A as of Mar. 2026. 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 Celik Halat ve Telnayii AS (IST:CELHA) Overvalued in 2026?
Based on GuruFocus' analysis, Celik Halat ve Telnayii AS stock appears to be overvalued.
The current stock price of ₺24.82 is trading 270.4% above its estimated GF Value™ of ₺6.70.
GuruFocus considers Celik Halat ve Telnayii AS to be Significantly Overvalued.
Key valuation signals for IST:CELHA:
Graham Number: ₺N/A
GF Value™: ₺6.70 vs. price of ₺24.82 (270.4% above fair value)
No single metric tells the full story. See the IST:CELHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celik Halat ve Tel Sanayii AS is engaged in manufacturing high carbon wire and steel wire ropes. Its products portfolio includes steel wire ropes consisting of Crane Ropes, Chairlift Ropes, Marine Ropes, Mining Ropes, Elevator Ropes, and special ropes; galvanized wire, bead wire, mechanical spring wire; prestressed concrete strand, concrete strand, and concrete wire. Its products are used in various sectors including mining, construction, tire, bead, energy, fishery and other manufacturing industries. Its products are exported to the USA, Canada, Holland, Romania, Serbia, Spain, Italy and other European Countries, Turkmenistan, Azerbaijan and other Turkic Republics.
38GF Score
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