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PT Atlas Resources TbkISX:ARII -1.41%62 Graham Number is Rp401.00 as of Jun. 2026, which is 100% below its 10-year median of 1.02. GuruFocus rates ISX:ARII with a GF Score™ of 62/100 and a GF Value™ of Rp370.67 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 88 Other Energy Sources companies, PT Atlas Resources Tbk ranks better than 71.59% 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.
The historical rank and industry rank for PT Atlas Resources Tbk's Graham Number or its related term are showing as below:
ISX:ARII'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5 Med: 1.02 Max: 2.3
Current: 0.7
During the past 13 years, the highest Price to Graham Number ratio of PT Atlas Resources Tbk was 2.30. The lowest was 0.50. And the median was 1.02.
ISX:ARII's Price-to-Graham-Number is ranked better than 71.59% of 88
companies
in the Other Energy Sources industry
Industry Median: 1.155
vs ISX:ARII: 0.70
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PT Atlas Resources Tbk (ISX:ARII) 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.
PT Atlas Resources Tbk's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
280.00
/
401.00
=
0.70
* 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.
PT Atlas Resources Tbk Graham Number Related Terms
PT Atlas Resources Tbk 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.
PT Atlas Resources Tbk Graham Number Competitor Comparison
For the Thermal Coal subindustry, PT Atlas Resources Tbk'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.
PT Atlas Resources Tbk Price-to-Graham-Number vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Atlas Resources Tbk's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PT Atlas Resources Tbk'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.
PT Atlas Resources Tbk (ISX:ARII) has a Graham Number of Rp401.00 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Atlas Resources Tbk and its competitors. This is 39214% above median its historical median of 1.02. Over the past decade, PT Atlas Resources Tbk's Graham Number has ranged from 0.50 to 2.30. According to the industry distribution chart, PT Atlas Resources Tbk ranks #25 out of 88 companies in the Other Energy Sources industry, placing it in the top 28.4%.
Is PT Atlas Resources Tbk's Graham Number too high?
PT Atlas Resources Tbk's current Graham Number of Rp401.00 is 39214% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.30. Based on the distribution chart, PT Atlas Resources Tbk ranks #25 out of 88 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Atlas Resources Tbk has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Atlas Resources Tbk's Graham Number compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Atlas Resources Tbk ranks #25 out of 88 companies for Graham Number. This puts PT Atlas Resources Tbk in the upper half of its industry. The industry median Graham Number is 1.16. Historically, PT Atlas Resources Tbk's own Graham Number has ranged from 0.50 to 2.30 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 Other Energy Sources company?
The median Graham Number among Other Energy Sources companies is 1.16, based on 88 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 PT Atlas Resources Tbk and its competitors. For the Other Energy Sources industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Atlas Resources Tbk's current Graham Number is Rp401.00, which is 39214% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Atlas Resources Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Atlas Resources Tbk (ISX:ARII) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp370.67, compared to a current price of Rp280.00 — trading 24.5% below its estimated fair value. The current Graham Number is Rp401.00, which is 39214% above median its 10-year median of 1.02. PT Atlas Resources Tbk's overall GF Score™ is 62/100 with 2 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 PT Atlas Resources Tbk (ISX:ARII), the current Graham Number is Rp401.00 as of Jun. 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 PT Atlas Resources Tbk (ISX:ARII) Overvalued in 2026?
Based on GuruFocus' analysis, PT Atlas Resources Tbk stock appears to be undervalued.
The current stock price of Rp280.00 is trading 24.5% below its estimated GF Value™ of Rp370.67.
GuruFocus considers PT Atlas Resources Tbk to be Modestly Undervalued.
Key valuation signals for ISX:ARII:
Graham Number: Rp401.00 (39214% above median its 10-year median of 1.02)
GF Value™: Rp370.67 vs. price of Rp280.00 (24.5% below fair value)
No single metric tells the full story. See the ISX:ARII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Atlas Resources Tbk is an Indonesia-based company engaged in the production of coal. The business activity of the firm is in the services, development, transportation, machine repair, printing, trade, industry, and agriculture. The company has 2 main activities namely, Export-import and trade of solid fuels: includes trade in coal, solid coal briquettes, refractory ash, and other related business activities and second Mining and coal transportation: This includes management and maintenance of transportation facilities related to mining and coal, as well as related business activities. Geographically the group has a presence in the region of Japan, China, Korea, Thailand, Europe, India, and Indonesia.
62GF Score
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