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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.
As of today (2026-09-09), the stock price of Trellidor Holdings is R1.24. Trellidor Holdings's graham number for the quarter that ended in Dec. 2025 was R0.82. Therefore, Trellidor Holdings's Price to Graham Number ratio for today is 1.52.
The historical rank and industry rank for Trellidor Holdings's Graham Number or its related term are showing as below:
JSE:TRL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53 Med: 1.37 Max: 14.57
Current: 1.51
During the past 11 years, the highest Price to Graham Number ratio of Trellidor Holdings was 14.57. The lowest was 0.53. And the median was 1.37.
JSE:TRL's Price-to-Graham-Number is ranked worse than 62.68% of 702
companies
in the Business Services industry
Industry Median: 1.165
vs JSE:TRL: 1.51
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Trellidor Holdings (JSE:TRL) 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.
Trellidor Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.24
/
0.82
=
1.52
* 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.
Trellidor Holdings Graham Number Related Terms
Trellidor Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Trellidor Holdings'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.
JSE:TRL vs ALLE, MSA, ADT: Graham Number Comparison
For the Security & Protection Services subindustry, Trellidor 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.
Trellidor Holdings Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Trellidor Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Trellidor 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.
Trellidor Holdings (JSE:TRL) has a Graham Number of R0.82 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Trellidor Holdings and its competitors. According to the industry distribution chart, Trellidor Holdings ranks #440 out of 702 companies in the Business Services industry, placing it in the top 62.7%.
Is Trellidor Holdings' Graham Number too high?
Trellidor Holdings' current Graham Number is R0.82. Based on the distribution chart, Trellidor Holdings ranks #440 out of 702 companies in the Business Services industry, which is below the industry midpoint. Overall, Trellidor Holdings has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trellidor Holdings' Graham Number compare to ALLE and MSA?
According to the Business Services industry distribution chart, Trellidor Holdings ranks #440 out of 702 companies for Graham Number. This places Trellidor Holdings in the lower half of its industry. The industry median Graham Number is 1.17. 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 Business Services company?
The median Graham Number among Business Services companies is 1.17, based on 702 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 Trellidor Holdings and its competitors. For the Business Services 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. Trellidor Holdings's current Graham Number is R0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trellidor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trellidor Holdings (JSE:TRL) is currently considered Modestly Undervalued. The stock's GF Value™ is R1.41, compared to a current price of R1.24 — trading 12.1% below its estimated fair value. The current Graham Number is R0.82. Trellidor Holdings' overall GF Score™ is 72/100 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 Trellidor Holdings (JSE:TRL), the current Graham Number is R0.82 as of Dec. 2025. 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 Trellidor Holdings (JSE:TRL) Overvalued in 2026?
Based on GuruFocus' analysis, Trellidor Holdings stock appears to be undervalued.
The current stock price of R1.24 is trading 12.1% below its estimated GF Value™ of R1.41.
GuruFocus considers Trellidor Holdings to be Modestly Undervalued.
Key valuation signals for JSE:TRL:
Graham Number: R0.82
GF Value™: R1.41 vs. price of R1.24 (12.1% below fair value)
No single metric tells the full story. See the JSE:TRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trellidor Holdings Ltd operates in the security and protection services industry. The group operating segments include Trellidor; and Holdings. Its Trellidor segment is engaged in the manufacture and distribution of custom-made barrier security products. Holdings is engaged in Management of the group treasury function and receives management fee income. It generates maximum revenue from the Trellidor segment. Geographically, it derives a majority of its revenue from South Africa, and also has its presence in Rest of Africa and Rest of the world.
72GF Score
Get the complete analysis for JSE:TRL
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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