KOYJF (Kemira Oyj) Graham Number: $13.72 (As of Jun. 2026) — 827% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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.

KOYJF Kemira Oyj KOYJF
70 GF Score
Price $18.80
GF Value $21.12
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Kemira Oyj Graham Number?

Kemira Oyj KOYJF +0.27% 70 Graham Number is $13.72 as of Jun. 2026, which is 827% above its 10-year median of 1.48. GuruFocus rates KOYJF with a GF Score™ of 70/100 and a GF Value™ of $21.12 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,155 Chemicals companies, Kemira Oyj ranks better than 52.12% 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 (2026-07-26), the stock price of Kemira Oyj is $18.80. Kemira Oyj's graham number for the quarter that ended in Jun. 2026 was $13.72. Therefore, Kemira Oyj's Price to Graham Number ratio for today is 1.37.

The historical rank and industry rank for Kemira Oyj's Graham Number or its related term are showing as below:

KOYJF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.81   Med: 1.48   Max: 1.95
Current: 1.38

During the past 13 years, the highest Price to Graham Number ratio of Kemira Oyj was 1.95. The lowest was 0.81. And the median was 1.48.

KOYJF's Price-to-Graham-Number is ranked better than
52.12% of 1155 companies
in the Chemicals industry
Industry Median: 1.43 vs KOYJF: 1.38

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


Kemira Oyj  (OTCPK:KOYJF) 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.

Kemira Oyj's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=18.80/13.72
=1.37

* 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.


Kemira Oyj Graham Number Related Terms


Kemira Oyj Graham Number Historical Data

* Premium members only.

The historical data trend for Kemira Oyj'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.

Kemira Oyj Graham Number Chart

Kemira Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.17 15.62 19.18 17.97 16.36

Kemira Oyj Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 17.73 18.15 15.76 14.53 13.72

KOYJF vs DOW: Graham Number Comparison

For the Chemicals subindustry, Kemira Oyj'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.


Kemira Oyj Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kemira Oyj's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Kemira Oyj's Price-to-Graham-Number falls into.


KOYJF
70GF Score
Kemira Oyj KOYJF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kemira Oyj Graham Number Calculation

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

Kemira Oyj's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*8.217*1.448)
=16.36

Kemira Oyj's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*7.416*1.128)
=13.72

* 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 $13.72 mean?
Kemira Oyj (KOYJF) has a Graham Number of $13.72 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kemira Oyj and its competitors. This is 827% above median its historical median of 1.48. Over the past decade, Kemira Oyj's Graham Number has ranged from 0.81 to 1.95. According to the industry distribution chart, Kemira Oyj ranks #553 out of 1155 companies in the Chemicals industry, placing it in the top 47.9%.
Is Kemira Oyj's Graham Number too high?
Kemira Oyj's current Graham Number of $13.72 is 827% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.95. The Chemicals industry median Graham Number is 1.43. Kemira Oyj's value of $13.72 is 859.4% above this industry median. Based on the distribution chart, Kemira Oyj ranks #553 out of 1155 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kemira Oyj has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kemira Oyj's Graham Number compare to DOW?
According to the Chemicals industry distribution chart, Kemira Oyj ranks #553 out of 1155 companies for Graham Number. This puts Kemira Oyj in the upper half of its industry. The industry median Graham Number is 1.43. Kemira Oyj's value of $13.72 is 859.4% above this benchmark. Historically, Kemira Oyj's own Graham Number has ranged from 0.81 to 1.95 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.43, Kemira Oyj has consistently been above the industry average. 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.43, based on 1,155 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. Kemira Oyj's current Graham Number of $13.72 is 859.4% above the industry median. 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 Kemira Oyj and its competitors. For the Chemicals industry, the median Graham Number is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kemira Oyj's current Graham Number is $13.72, which is 827% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kemira Oyj stock overvalued right now?
Based on GuruFocus' analysis, Kemira Oyj (KOYJF) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.12, compared to a current price of $18.80 — trading 11% below its estimated fair value. The current Graham Number is $13.72, which is 827% above median its 10-year median of 1.48 and 859.4% above the Chemicals industry median of 1.43. Kemira Oyj's overall GF Score™ is 70/100 with 4 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 Kemira Oyj (KOYJF), the current Graham Number is $13.72 as of Jun. 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 Kemira Oyj (KOYJF) Overvalued in 2026?

Based on GuruFocus' analysis, Kemira Oyj stock appears to be undervalued. The current stock price of $18.80 is trading 11% below its estimated GF Value™ of $21.12. GuruFocus considers Kemira Oyj to be Modestly Undervalued.

Key valuation signals for KOYJF:

  • Graham Number: $13.72 (827% above median its 10-year median of 1.48)
  • GF Value™: $21.12 vs. price of $18.80 (11% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 859.4% above the Chemicals median (#553 of 1155)

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


Kemira Oyj Business Description

Address Energiakatu 4, P.O. Box 330, Helsinki, FIN, 00180
Kemira Oyj is a chemicals company serving customers in water-intensive industries. It provides expertise in applications and chemicals that help customers use water, energy, and raw materials more efficiently. Along with its subsidiaries, the company's operating business segments are: Water Solutions, Packaging & Hygiene Solutions, and Fiber Essentials. The majority of its revenue is generated from the Water solutions segment. Geographically, the company derives its key revenue from EMEA (Europe, the Middle East, and Africa), followed by the Americas and the Asia-Pacific region.
70GF Score

Get the complete analysis for KOYJF

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

$18.80
Price
$21.12
GF Value