J D W Sugar Mills (KAR:JDWS) Graham Number: ₨1,593.70 (As of Mar. 2026) — 230871% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

KAR:JDWS J D W Sugar Mills Ltd KAR:JDWS
74 GF Score
Price ₨932.11
GF Value ₨682.19
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is J D W Sugar Mills Graham Number?

J D W Sugar Mills KAR:JDWS -1.66% 74 Graham Number is ₨1,593.70 as of Mar. 2026, which is 100% below its 10-year median of 0.69. GuruFocus rates KAR:JDWS with a GF Score™ of 74/100 and a GF Value™ of ₨682.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,384 Consumer Packaged Goods companies, J D W Sugar Mills ranks better than 81.43% 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 (2026-07-24), the stock price of J D W Sugar Mills is ₨932.11. J D W Sugar Mills's graham number for the quarter that ended in Mar. 2026 was ₨1,593.70. Therefore, J D W Sugar Mills's Price to Graham Number ratio for today is 0.58.

The historical rank and industry rank for J D W Sugar Mills's Graham Number or its related term are showing as below:

KAR:JDWS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.19   Med: 0.69   Max: 1.88
Current: 0.58

During the past 13 years, the highest Price to Graham Number ratio of J D W Sugar Mills was 1.88. The lowest was 0.19. And the median was 0.69.

KAR:JDWS's Price-to-Graham-Number is ranked better than
81.43% of 1384 companies
in the Consumer Packaged Goods industry
Industry Median: 1.09 vs KAR:JDWS: 0.58

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


J D W Sugar Mills  (KAR:JDWS) 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.

J D W Sugar Mills's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=932.11/1,593.70
=0.58

* 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.


J D W Sugar Mills Graham Number Related Terms


J D W Sugar Mills Graham Number Historical Data

* Premium members only.

The historical data trend for J D W Sugar Mills'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.

J D W Sugar Mills Graham Number Chart

J D W Sugar Mills Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 863.65 694.03 578.71 1,638.34 1,273.80

J D W Sugar Mills Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,247.42 1,286.01 1,305.14 1,543.15 1,593.70

KAR:JDWS vs MDLZ, HSY, TR: Graham Number Comparison

For the Confectioners subindustry, J D W Sugar Mills'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.


J D W Sugar Mills Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, J D W Sugar Mills's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where J D W Sugar Mills's Price-to-Graham-Number falls into.


KAR:JDWS
74GF Score
J D W Sugar Mills Ltd KAR:JDWS
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

J D W Sugar Mills Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

J D W Sugar Mills's Graham Number for the fiscal year that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*605.104*119.177)
=1,273.80

J D W Sugar Mills's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*663.962*170.015)
=1,593.70

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₨1,593.70 mean?
J D W Sugar Mills (KAR:JDWS) has a Graham Number of ₨1,593.70 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on J D W Sugar Mills and its competitors. This is 230871% above median its historical median of 0.69. Over the past decade, J D W Sugar Mills' Graham Number has ranged from 0.19 to 1.88. According to the industry distribution chart, J D W Sugar Mills ranks #257 out of 1384 companies in the Consumer Packaged Goods industry, placing it in the top 18.6%.
Is J D W Sugar Mills' Graham Number too high?
J D W Sugar Mills' current Graham Number of ₨1,593.70 is 230871% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.88. Based on the distribution chart, J D W Sugar Mills ranks #257 out of 1384 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, J D W Sugar Mills has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does J D W Sugar Mills' Graham Number compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, J D W Sugar Mills ranks #257 out of 1384 companies for Graham Number. This places J D W Sugar Mills in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.09. Historically, J D W Sugar Mills' own Graham Number has ranged from 0.19 to 1.88 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.09, based on 1,384 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 J D W Sugar Mills and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. J D W Sugar Mills's current Graham Number is ₨1,593.70, which is 230871% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J D W Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, J D W Sugar Mills (KAR:JDWS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨682.19, compared to a current price of ₨932.11 — trading 36.6% above its estimated fair value. The current Graham Number is ₨1,593.70, which is 230871% above median its 10-year median of 0.69. J D W Sugar Mills' overall GF Score™ is 74/100 with 8 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 J D W Sugar Mills (KAR:JDWS), the current Graham Number is ₨1,593.70 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 J D W Sugar Mills (KAR:JDWS) Overvalued in 2026?

Based on GuruFocus' analysis, J D W Sugar Mills stock appears to be overvalued. The current stock price of ₨932.11 is trading 36.6% above its estimated GF Value™ of ₨682.19. GuruFocus considers J D W Sugar Mills to be Significantly Overvalued.

Key valuation signals for KAR:JDWS:

  • Graham Number: ₨1,593.70 (230871% above median its 10-year median of 0.69)
  • GF Value™: ₨682.19 vs. price of ₨932.11 (36.6% above fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the KAR:JDWS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


J D W Sugar Mills Business Description

Address 17 - Abid Majeed Road, Lahore Cantonment, Lahore, PB, PAK
J D W Sugar Mills Ltd engages in the manufacturing and sale of crystalline sugar, electricity generation, and the management of corporate farms. Its Sugar segment involves the production and sale of crystalline sugar and joint and by-products. The Co-Generation Power segment focuses on power generation and the sale of energy to CPPA-G. The Corporate Farms segment manages corporate farms for the cultivation of sugarcane and small quantities of other crops. The Ethanol segment involves the production and sale of ethanol and by-products. Other projects for energy generation are under construction. However, the paper pulp operation is classified as a disposal group, and the majority of the company's revenue is generated from the Sugar segment. The company operates in Europe, Asia, and Africa.
74GF Score

Get the complete analysis for KAR:JDWS

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨932.11
Price
₨682.19
GF Value