PT Mitra Adiperkasa TbkISX:MAPI -0.33%86 Graham Number is Rp1,693.92 as of Mar. 2026, which is 100% below its 10-year median of 1.50. GuruFocus rates ISX:MAPI with a GF Score™ of 86/100 and a GF Value™ of Rp1,760.19 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 756 Retail - Cyclical companies, PT Mitra Adiperkasa Tbk ranks better than 67.06% 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 Mitra Adiperkasa Tbk's Graham Number or its related term are showing as below:
ISX:MAPI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.71 Med: 1.5 Max: 4.95
Current: 0.89
During the past 13 years, the highest Price to Graham Number ratio of PT Mitra Adiperkasa Tbk was 4.95. The lowest was 0.71. And the median was 1.50.
ISX:MAPI's Price-to-Graham-Number is ranked better than 67.06% of 756
companies
in the Retail - Cyclical industry
Industry Median: 1.21
vs ISX:MAPI: 0.89
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PT Mitra Adiperkasa Tbk (ISX:MAPI) 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 Mitra Adiperkasa Tbk's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1515.00
/
1,693.92
=
0.89
* 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 Mitra Adiperkasa Tbk Graham Number Related Terms
PT Mitra Adiperkasa 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.
For the Department Stores subindustry, PT Mitra Adiperkasa 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 Mitra Adiperkasa Tbk Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PT Mitra Adiperkasa Tbk's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PT Mitra Adiperkasa 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 Mitra Adiperkasa Tbk (ISX:MAPI) has a Graham Number of Rp1,693.92 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Mitra Adiperkasa Tbk and its competitors. This is 112828% above median its historical median of 1.50. Over the past decade, PT Mitra Adiperkasa Tbk's Graham Number has ranged from 0.71 to 4.95. According to the industry distribution chart, PT Mitra Adiperkasa Tbk ranks #249 out of 756 companies in the Retail - Cyclical industry, placing it in the top 32.9%.
Is PT Mitra Adiperkasa Tbk's Graham Number too high?
PT Mitra Adiperkasa Tbk's current Graham Number of Rp1,693.92 is 112828% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 4.95. Based on the distribution chart, PT Mitra Adiperkasa Tbk ranks #249 out of 756 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, PT Mitra Adiperkasa Tbk has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mitra Adiperkasa Tbk's Graham Number compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, PT Mitra Adiperkasa Tbk ranks #249 out of 756 companies for Graham Number. This puts PT Mitra Adiperkasa Tbk in the upper half of its industry. The industry median Graham Number is 1.21. Historically, PT Mitra Adiperkasa Tbk's own Graham Number has ranged from 0.71 to 4.95 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.21, based on 756 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 Mitra Adiperkasa Tbk and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mitra Adiperkasa Tbk's current Graham Number is Rp1,693.92, which is 112828% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mitra Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk (ISX:MAPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,760.19, compared to a current price of Rp1,515.00 — trading 13.9% below its estimated fair value. The current Graham Number is Rp1,693.92, which is 112828% above median its 10-year median of 1.50. PT Mitra Adiperkasa Tbk's overall GF Score™ is 86/100 with 4 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 Mitra Adiperkasa Tbk (ISX:MAPI), the current Graham Number is Rp1,693.92 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 PT Mitra Adiperkasa Tbk (ISX:MAPI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk stock appears to be undervalued.
The current stock price of Rp1,515.00 is trading 13.9% below its estimated GF Value™ of Rp1,760.19.
GuruFocus considers PT Mitra Adiperkasa Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MAPI:
Graham Number: Rp1,693.92 (112828% above median its 10-year median of 1.50)
GF Value™: Rp1,760.19 vs. price of Rp1,515.00 (13.9% below fair value)
No single metric tells the full story. See the ISX:MAPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others.
86GF Score
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