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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.
ISX:GSMF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.77 Max: 2.4
Current: 1.34
During the past 13 years, the highest Price to Graham Number ratio of PT Equity Development Investment Tbk was 2.40. The lowest was 0.42. And the median was 0.77.
ISX:GSMF's Price-to-Graham-Number is ranked worse than 72.88% of 424
companies
in the Insurance industry
Industry Median: 0.93
vs ISX:GSMF: 1.34
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PT Equity Development Investment Tbk (ISX:GSMF) 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 Equity Development Investment Tbk's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
101.00
/
75.11
=
1.34
* 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 Equity Development Investment Tbk Graham Number Related Terms
PT Equity Development Investment 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 Equity Development Investment Tbk Graham Number Chart
ISX:GSMF vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, PT Equity Development Investment 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 Equity Development Investment Tbk Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, PT Equity Development Investment Tbk's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PT Equity Development Investment 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 Equity Development Investment Tbk (ISX:GSMF) has a Graham Number of Rp75.11 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Equity Development Investment Tbk and its competitors. According to the industry distribution chart, PT Equity Development Investment Tbk ranks #309 out of 424 companies in the Insurance industry, placing it in the top 72.9%.
Is PT Equity Development Investment Tbk's Graham Number too high?
PT Equity Development Investment Tbk's current Graham Number is Rp75.11. Based on the distribution chart, PT Equity Development Investment Tbk ranks #309 out of 424 companies in the Insurance industry, which is below the industry midpoint. Overall, PT Equity Development Investment Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Equity Development Investment Tbk's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, PT Equity Development Investment Tbk ranks #309 out of 424 companies for Graham Number. This places PT Equity Development Investment Tbk in the lower half of its industry. The industry median Graham Number is 0.93. 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 Insurance company?
The median Graham Number among Insurance companies is 0.93, based on 424 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 Equity Development Investment Tbk and its competitors. For the Insurance industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Equity Development Investment Tbk's current Graham Number is Rp75.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Equity Development Investment Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Equity Development Investment Tbk (ISX:GSMF) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp53.60, compared to a current price of Rp101.00 — trading 88.4% above its estimated fair value. The current Graham Number is Rp75.11. PT Equity Development Investment Tbk's overall GF Score™ is 59/100 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 Equity Development Investment Tbk (ISX:GSMF), the current Graham Number is Rp75.11 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 Equity Development Investment Tbk (ISX:GSMF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Equity Development Investment Tbk stock appears to be overvalued.
The current stock price of Rp101.00 is trading 88.4% above its estimated GF Value™ of Rp53.60.
GuruFocus considers PT Equity Development Investment Tbk to be Significantly Overvalued.
Key valuation signals for ISX:GSMF:
Graham Number: Rp75.11
GF Value™: Rp53.60 vs. price of Rp101.00 (88.4% above fair value)
No single metric tells the full story. See the ISX:GSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Equity Development Investment Tbk is an Indonesia-based investment holding company engaged in the insurance business through its subsidiaries. It is also engaged in investment activities, management consulting services, and share investments, as well as training areas specifically for the Equity group. The company and its subsidiaries have categorized their business activity into four segments by the nature of the business, which include Holding company, travel services and venture capital, Banking and financing, Insurance, Stock administration and securities, out of which the majority of the revenue is generated from the Insurance segment. The company's geographical segments include Java Island and Outside Java Island.
59GF Score
Get the complete analysis for ISX:GSMF
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