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Salungano GroupJSE:SLG +9.89%36 Graham Number is R2.42 as of Mar. 2026, which is 100% below its 10-year median of 0.78. GuruFocus rates JSE:SLG with a GF Score™ of 36/100 and a GF Value™ of R0.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 88 Other Energy Sources companies, Salungano Group ranks better than 90.91% 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.
As of today (2026-08-11), the stock price of Salungano Group is R1.00. Salungano Group's graham number for the quarter that ended in Mar. 2026 was R2.42. Therefore, Salungano Group's Price to Graham Number ratio for today is 0.41.
The historical rank and industry rank for Salungano Group's Graham Number or its related term are showing as below:
JSE:SLG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.2 Med: 0.78 Max: 3.57
Current: 0.41
During the past 13 years, the highest Price to Graham Number ratio of Salungano Group was 3.57. The lowest was 0.20. And the median was 0.78.
JSE:SLG's Price-to-Graham-Number is ranked better than 90.91% of 88
companies
in the Other Energy Sources industry
Industry Median: 1.17
vs JSE:SLG: 0.41
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Salungano Group (JSE:SLG) 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.
Salungano Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1.00
/
2.42
=
0.41
* 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.
Salungano Group Graham Number Related Terms
Salungano Group Graham Number Historical Data
* Premium members only.
The historical data trend for Salungano Group's Graham Number can be seen below:
* 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 Thermal Coal subindustry, Salungano 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.
Salungano Group Price-to-Graham-Number vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Salungano Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Salungano 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.
Salungano Group (JSE:SLG) has a Graham Number of R2.42 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Salungano Group and its competitors. This is 210% above median its historical median of 0.78. Over the past decade, Salungano Group's Graham Number has ranged from 0.20 to 3.57. According to the industry distribution chart, Salungano Group ranks #8 out of 88 companies in the Other Energy Sources industry, placing it in the top 9.1%.
Is Salungano Group's Graham Number too high?
Salungano Group's current Graham Number of R2.42 is 210% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 3.57. Based on the distribution chart, Salungano Group ranks #8 out of 88 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Salungano Group has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salungano Group's Graham Number compare to CNR?
According to the Other Energy Sources industry distribution chart, Salungano Group ranks #8 out of 88 companies for Graham Number. This places Salungano Group in the top 9% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.17. Historically, Salungano Group's own Graham Number has ranged from 0.20 to 3.57 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 1.17, 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 Salungano Group and its competitors. For the Other Energy Sources industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salungano Group's current Graham Number is R2.42, which is 210% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salungano Group stock overvalued right now?
Based on GuruFocus' analysis, Salungano Group (JSE:SLG) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.52, compared to a current price of R1.00 — trading 92.3% above its estimated fair value. The current Graham Number is R2.42, which is 210% above median its 10-year median of 0.78. Salungano Group's overall GF Score™ is 36/100 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 Salungano Group (JSE:SLG), the current Graham Number is R2.42 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 Salungano Group (JSE:SLG) Overvalued in 2026?
Based on GuruFocus' analysis, Salungano Group stock appears to be overvalued.
The current stock price of R1.00 is trading 92.3% above its estimated GF Value™ of R0.52.
GuruFocus considers Salungano Group to be Significantly Overvalued.
Key valuation signals for JSE:SLG:
Graham Number: R2.42 (210% above median its 10-year median of 0.78)
GF Value™: R0.52 vs. price of R1.00 (92.3% above fair value)
No single metric tells the full story. See the JSE:SLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salungano Group Ltd is a South African firm mainly engaged in the mining, processing, sale, and distribution of thermal coal. Along with its subsidiaries, it operates in the following reportable segments: Mining, Trading, Property rental and other, and Investment holding. The majority of its revenue is generated from the Mining segment, which is involved in the exploration, beneficiation, and mining of bituminous coal. The mining operations of the Group are carried out at Elandspruit, Khanyisa, Vanggatfontein, Arnot, and Moabsvelden mining complexes. The Trading segment buys and sells coal to inland customers, and the property rental segment rents property to other segments within the group.
36GF Score
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