Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Collins Property GroupJSE:CPP 61 Graham Number is R25.64 as of Feb. 2026, which is 100% below its 10-year median of 0.48. GuruFocus rates JSE:CPP with a GF Score™ of 61/100 and a GF Value™ of R9.11 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,167 Real Estate companies, Collins Property Group ranks better than 78.06% 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.
Collins Property Group (JSE:CPP) 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.
Collins Property Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
11.19
/
25.64
=
0.44
* 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.
Collins Property Group Graham Number Related Terms
Collins Property Group 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.
JSE:CPP vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Collins Property Group'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.
Collins Property Group Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Collins Property Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Collins Property Group'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.
Collins Property Group (JSE:CPP) has a Graham Number of R25.64 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Collins Property Group and its competitors. This is 5242% above median its historical median of 0.48. Over the past decade, Collins Property Group's Graham Number has ranged from 0.32 to 0.86. According to the industry distribution chart, Collins Property Group ranks #256 out of 1167 companies in the Real Estate industry, placing it in the top 21.9%.
Is Collins Property Group's Graham Number too high?
Collins Property Group's current Graham Number of R25.64 is 5242% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.86. Based on the distribution chart, Collins Property Group ranks #256 out of 1167 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Collins Property Group has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Collins Property Group's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Collins Property Group ranks #256 out of 1167 companies for Graham Number. This places Collins Property Group in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.75. Historically, Collins Property Group's own Graham Number has ranged from 0.32 to 0.86 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.75, based on 1,167 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 Collins Property Group and its competitors. For the Real Estate industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Collins Property Group's current Graham Number is R25.64, which is 5242% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Collins Property Group stock overvalued right now?
Based on GuruFocus' analysis, Collins Property Group (JSE:CPP) is currently considered Modestly Overvalued. The stock's GF Value™ is R9.11, compared to a current price of R11.19 — trading 22.8% above its estimated fair value. The current Graham Number is R25.64, which is 5242% above median its 10-year median of 0.48. Collins Property Group's overall GF Score™ is 61/100 with 7 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 Collins Property Group (JSE:CPP), the current Graham Number is R25.64 as of Feb. 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 Collins Property Group (JSE:CPP) Overvalued in 2026?
Based on GuruFocus' analysis, Collins Property Group stock appears to be overvalued.
The current stock price of R11.19 is trading 22.8% above its estimated GF Value™ of R9.11.
GuruFocus considers Collins Property Group to be Modestly Overvalued.
Key valuation signals for JSE:CPP:
Graham Number: R25.64 (5242% above median its 10-year median of 0.48)
GF Value™: R9.11 vs. price of R11.19 (22.8% above fair value)
No single metric tells the full story. See the JSE:CPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Collins Property Group Ltd is a property investment holding company with main focus areas in South Africa and the United Kingdom. The company is a property developer and investor engaged in the development of distribution centres, warehouses, and retail centres. It operates through the following segments: Property - Offshore, Property - Namibia, Property - South Africa, and Other. The majority of revenue is derived from the Property - South Africa segment. Its revenue comprises rental income and real estate investment trust distribution.
61GF Score
Get the complete analysis for JSE:CPP
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:CPP has been successfully added to your 
