Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Graham Number: ₺2.21 (As of Mar. 2026) — 89% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:IZFAS Izmir Firca Sanayi ve Ticaret AS IST:IZFAS
43 GF Score
Price ₺64.90
GF Value ₺13.68
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Izmir Fircanayi ve Ticaret AS Graham Number?

Izmir Fircanayi ve Ticaret AS IST:IZFAS +0.62% 43 Graham Number is ₺2.21 as of Mar. 2026, which is 100% below its 10-year median of 19.65. GuruFocus rates IST:IZFAS with a GF Score™ of 43/100 and a GF Value™ of ₺13.68 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, Izmir Fircanayi ve Ticaret AS ranks worse than 99.49% 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 (2026-07-31), the stock price of Izmir Fircanayi ve Ticaret AS is ₺64.90. Izmir Fircanayi ve Ticaret AS's graham number for the quarter that ended in Mar. 2026 was ₺2.21. Therefore, Izmir Fircanayi ve Ticaret AS's Price to Graham Number ratio for today is 29.31.

The historical rank and industry rank for Izmir Fircanayi ve Ticaret AS's Graham Number or its related term are showing as below:

IST:IZFAS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.2   Med: 19.65   Max: 34.37
Current: 29.37

During the past 11 years, the highest Price to Graham Number ratio of Izmir Fircanayi ve Ticaret AS was 34.37. The lowest was 1.20. And the median was 19.65.

IST:IZFAS's Price-to-Graham-Number is ranked worse than
99.49% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs IST:IZFAS: 29.37

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


Izmir Fircanayi ve Ticaret AS  (IST:IZFAS) 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.

Izmir Fircanayi ve Ticaret AS's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=64.90/2.21
=29.31

* 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.


Izmir Fircanayi ve Ticaret AS Graham Number Related Terms


Izmir Fircanayi ve Ticaret AS Graham Number Historical Data

* Premium members only.

The historical data trend for Izmir Fircanayi ve Ticaret AS'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.

Izmir Fircanayi ve Ticaret AS Graham Number Chart

Izmir Fircanayi ve Ticaret AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.00 0.00 1.31 0.00

Izmir Fircanayi ve Ticaret AS Quarterly Data
Dec18 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.77 1.32 1.14 2.88 2.21

IST:IZFAS vs PG, CL, KVUE: Graham Number Comparison

For the Household & Personal Products subindustry, Izmir Fircanayi ve Ticaret 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.


Izmir Fircanayi ve Ticaret AS Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Izmir Fircanayi ve Ticaret AS's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Izmir Fircanayi ve Ticaret AS's Price-to-Graham-Number falls into.


IST:IZFAS
43GF Score
Izmir Firca Sanayi ve Ticaret AS IST:IZFAS
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Izmir Fircanayi ve Ticaret AS Graham Number Calculation

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

Izmir Fircanayi ve Ticaret AS'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*2.255*-0.225)
=N/A

Izmir Fircanayi ve Ticaret AS's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*2.27*0.096)
=2.21

* 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 ₺2.21 mean?
Izmir Fircanayi ve Ticaret AS (IST:IZFAS) has a Graham Number of ₺2.21 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Izmir Fircanayi ve Ticaret AS and its competitors. This is 89% below median its historical median of 19.65. Over the past decade, Izmir Fircanayi ve Ticaret AS's Graham Number has ranged from 1.20 to 34.37. According to the industry distribution chart, Izmir Fircanayi ve Ticaret AS ranks #1378 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 99.5%.
Is Izmir Fircanayi ve Ticaret AS's Graham Number too high?
Izmir Fircanayi ve Ticaret AS's current Graham Number of ₺2.21 is 89% below median its 10-year median of 19.65. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 34.37. Based on the distribution chart, Izmir Fircanayi ve Ticaret AS ranks #1378 out of 1385 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Izmir Fircanayi ve Ticaret AS has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Izmir Fircanayi ve Ticaret AS's Graham Number compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Izmir Fircanayi ve Ticaret AS ranks #1378 out of 1385 companies for Graham Number. This places Izmir Fircanayi ve Ticaret AS in the lower half of its industry. The industry median Graham Number is 1.10. Historically, Izmir Fircanayi ve Ticaret AS's own Graham Number has ranged from 1.20 to 34.37 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 a Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.10, based on 1,385 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 Izmir Fircanayi ve Ticaret AS and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Izmir Fircanayi ve Ticaret AS's current Graham Number is ₺2.21, which is 89% below median its own 10-year median of 19.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Izmir Fircanayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Izmir Fircanayi ve Ticaret AS (IST:IZFAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.68, compared to a current price of ₺64.90 — trading 374.4% above its estimated fair value. The current Graham Number is ₺2.21, which is 89% below median its 10-year median of 19.65. Izmir Fircanayi ve Ticaret AS's overall GF Score™ is 43/100 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 Izmir Fircanayi ve Ticaret AS (IST:IZFAS), the current Graham Number is ₺2.21 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 Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Overvalued in 2026?

Based on GuruFocus' analysis, Izmir Fircanayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺64.90 is trading 374.4% above its estimated GF Value™ of ₺13.68. GuruFocus considers Izmir Fircanayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:IZFAS:

  • Graham Number: ₺2.21 (89% below median its 10-year median of 19.65)
  • GF Value™: ₺13.68 vs. price of ₺64.90 (374.4% above fair value)
  • GF Score™: 43/100 with 8 warning signs

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


Izmir Fircanayi ve Ticaret AS Business Description

Address 10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620
Izmir Firca Sanayi ve Ticaret AS provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.
43GF Score

Get the complete analysis for IST:IZFAS

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

₺64.90
Price
₺13.68
GF Value