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Frontier Transport HoldingsJSE:FTH -11.38%79 Graham Number is R13.07 as of Mar. 2026, which is 100% below its 10-year median of 0.47. GuruFocus rates JSE:FTH with a GF Score™ of 79/100 and a GF Value™ of R6.76 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 743 Transportation companies, Frontier Transport Holdings ranks better than 90.04% 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 Frontier Transport Holdings's Graham Number or its related term are showing as below:
JSE:FTH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36 Med: 0.47 Max: 0.55
Current: 0.44
During the past 10 years, the highest Price to Graham Number ratio of Frontier Transport Holdings was 0.55. The lowest was 0.36. And the median was 0.47.
JSE:FTH's Price-to-Graham-Number is ranked better than 90.04% of 743
companies
in the Transportation industry
Industry Median: 1.02
vs JSE:FTH: 0.44
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Frontier Transport Holdings (JSE:FTH) 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.
Frontier Transport Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
5.76
/
13.07
=
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.
Frontier Transport Holdings Graham Number Related Terms
Frontier Transport Holdings 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:FTH vs UNP, CSX, NSC: Graham Number Comparison
For the Railroads subindustry, Frontier Transport Holdings'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.
Frontier Transport Holdings Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Transport Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Frontier Transport Holdings'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.
Frontier Transport Holdings (JSE:FTH) has a Graham Number of R13.07 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Frontier Transport Holdings and its competitors. This is 2681% above median its historical median of 0.47. Over the past decade, Frontier Transport Holdings' Graham Number has ranged from 0.36 to 0.55. According to the industry distribution chart, Frontier Transport Holdings ranks #74 out of 743 companies in the Transportation industry, placing it in the top 10%.
Is Frontier Transport Holdings' Graham Number too high?
Frontier Transport Holdings' current Graham Number of R13.07 is 2681% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.55. Based on the distribution chart, Frontier Transport Holdings ranks #74 out of 743 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Frontier Transport Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Transport Holdings' Graham Number compare to UNP and CSX?
According to the Transportation industry distribution chart, Frontier Transport Holdings ranks #74 out of 743 companies for Graham Number. This places Frontier Transport Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.02. Historically, Frontier Transport Holdings' own Graham Number has ranged from 0.36 to 0.55 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 Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 743 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 Frontier Transport Holdings and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Transport Holdings's current Graham Number is R13.07, which is 2681% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Transport Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Transport Holdings (JSE:FTH) is currently considered Modestly Undervalued. The stock's GF Value™ is R6.76, compared to a current price of R5.76 — trading 14.8% below its estimated fair value. The current Graham Number is R13.07, which is 2681% above median its 10-year median of 0.47. Frontier Transport Holdings' overall GF Score™ is 79/100 with 5 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 Frontier Transport Holdings (JSE:FTH), the current Graham Number is R13.07 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 Frontier Transport Holdings (JSE:FTH) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Transport Holdings stock appears to be undervalued.
The current stock price of R5.76 is trading 14.8% below its estimated GF Value™ of R6.76.
GuruFocus considers Frontier Transport Holdings to be Modestly Undervalued.
Key valuation signals for JSE:FTH:
Graham Number: R13.07 (2681% above median its 10-year median of 0.47)
GF Value™: R6.76 vs. price of R5.76 (14.8% below fair value)
No single metric tells the full story. See the JSE:FTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Transport Holdings Ltd is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The company through its subsidiary provides a scheduled commuter bus operator in the Cape Metropole. The company provides services such as Public Transport, School & Private Tours, Luxury Coaches, Shuttle Services, and Parts & Spares Sales.
79GF Score
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