NetSol TechnologiesKAR:NETSOL 77 Graham Number is ₨329.66 as of Mar. 2026, which is 100% below its 10-year median of 0.71. GuruFocus rates KAR:NETSOL with a GF Score™ of 77/100 and a GF Value™ of ₨177.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,468 Software companies, NetSol Technologies ranks better than 96.32% 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 (2026-06-28), the stock price of NetSol Technologies is ₨134.47. NetSol Technologies's graham number for the quarter that ended in Mar. 2026 was ₨329.66. Therefore, NetSol Technologies's Price to Graham Number ratio for today is 0.41.
The historical rank and industry rank for NetSol Technologies's Graham Number or its related term are showing as below:
KAR:NETSOL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.3 Med: 0.71 Max: 3.72
Current: 0.41
During the past 12 years, the highest Price to Graham Number ratio of NetSol Technologies was 3.72. The lowest was 0.30. And the median was 0.71.
KAR:NETSOL's Price-to-Graham-Number is ranked better than 96.32% of 1468
companies
in the Software industry
Industry Median: 1.77
vs KAR:NETSOL: 0.41
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
NetSol Technologies (KAR:NETSOL) 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.
NetSol Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
134.47
/
329.66
=
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.
NetSol Technologies Graham Number Related Terms
NetSol Technologies Graham Number Historical Data
* Premium members only.
The historical data trend for NetSol Technologies'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.
KAR:NETSOL vs IBM, ACN, FISV: Graham Number Comparison
For the Information Technology Services subindustry, NetSol Technologies'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.
NetSol Technologies Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, NetSol Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where NetSol Technologies'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.
NetSol Technologies (KAR:NETSOL) has a Graham Number of ₨329.66 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on NetSol Technologies and its competitors. This is 46331% above median its historical median of 0.71. Over the past decade, NetSol Technologies' Graham Number has ranged from 0.30 to 3.72. According to the industry distribution chart, NetSol Technologies ranks #54 out of 1468 companies in the Software industry, placing it in the top 3.7%.
Is NetSol Technologies' Graham Number too high?
NetSol Technologies' current Graham Number of ₨329.66 is 46331% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 3.72. Based on the distribution chart, NetSol Technologies ranks #54 out of 1468 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, NetSol Technologies has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NetSol Technologies' Graham Number compare to IBM and ACN?
According to the Software industry distribution chart, NetSol Technologies ranks #54 out of 1468 companies for Graham Number. This places NetSol Technologies in the top 4% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.77. Historically, NetSol Technologies' own Graham Number has ranged from 0.30 to 3.72 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 Software company?
The median Graham Number among Software companies is 1.77, based on 1,468 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 NetSol Technologies and its competitors. For the Software industry, the median Graham Number is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetSol Technologies's current Graham Number is ₨329.66, which is 46331% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetSol Technologies stock overvalued right now?
Based on GuruFocus' analysis, NetSol Technologies (KAR:NETSOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₨177.40, compared to a current price of ₨134.47 — trading 24.2% below its estimated fair value. The current Graham Number is ₨329.66, which is 46331% above median its 10-year median of 0.71. NetSol Technologies' overall GF Score™ is 77/100 with 1 warning sign 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 NetSol Technologies (KAR:NETSOL), the current Graham Number is ₨329.66 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 NetSol Technologies (KAR:NETSOL) Overvalued in 2026?
Based on GuruFocus' analysis, NetSol Technologies stock appears to be undervalued.
The current stock price of ₨134.47 is trading 24.2% below its estimated GF Value™ of ₨177.40.
GuruFocus considers NetSol Technologies to be Modestly Undervalued.
Key valuation signals for KAR:NETSOL:
Graham Number: ₨329.66 (46331% above median its 10-year median of 0.71)
GF Value™: ₨177.40 vs. price of ₨134.47 (24.2% below fair value)
No single metric tells the full story. See the KAR:NETSOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetSol Technologies Ltd provides Information Technology services & enterprise solutions. It provides solutions for leasing and finance, healthcare technology, insurance, and e-Procurement. Its products include Enterprise Solutions, Business Intelligence, IT Consulting & Business Process Reengineering, Technology & Business Process Outsourcing, Application Development & Maintenance, Cloud Services. Its operating segments are product-based solutions and ancillary services, professional services, and business process outsourcing. Geographically, it operates in Pakistan, Asia Pacific, Australia & the USA, the UK, and other countries.
77GF Score
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