Independent Petroleum Group KSCP (KUW:IPG) Graham Number: KWD0.60 (As of Mar. 2026) — 26% Below Median

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KUW:IPG Independent Petroleum Group KSCP KUW:IPG
33 GF Score
Price KWD0.68
GF Value KWD0.35
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Independent Petroleum Group KSCP Graham Number?

Independent Petroleum Group KSCP KUW:IPG 33 Graham Number is KWD0.60 as of Mar. 2026, which is 100% below its 10-year median of 0.81. GuruFocus rates KUW:IPG with a GF Score™ of 33/100 and a GF Value™ of KWD0.35 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 616 Oil & Gas companies, Independent Petroleum Group KSCP ranks worse than 51.62% 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 (2026-08-07), the stock price of Independent Petroleum Group KSCP is KWD0.676. Independent Petroleum Group KSCP's graham number for the quarter that ended in Mar. 2026 was KWD0.60. Therefore, Independent Petroleum Group KSCP's Price to Graham Number ratio for today is 1.13.

The historical rank and industry rank for Independent Petroleum Group KSCP's Graham Number or its related term are showing as below:

KUW:IPG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42   Med: 0.81   Max: 5.56
Current: 1.13

During the past 13 years, the highest Price to Graham Number ratio of Independent Petroleum Group KSCP was 5.56. The lowest was 0.42. And the median was 0.81.

KUW:IPG's Price-to-Graham-Number is ranked worse than
51.62% of 616 companies
in the Oil & Gas industry
Industry Median: 1.08 vs KUW:IPG: 1.13

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


Independent Petroleum Group KSCP  (KUW:IPG) 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.

Independent Petroleum Group KSCP's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.676/0.60
=1.13

* 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.


Independent Petroleum Group KSCP Graham Number Related Terms


Independent Petroleum Group KSCP Graham Number Historical Data

* Premium members only.

The historical data trend for Independent Petroleum Group KSCP'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.

Independent Petroleum Group KSCP Graham Number Chart

Independent Petroleum Group KSCP 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 0.45 1.10 0.32 0.50 0.47

Independent Petroleum Group KSCP 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 0.64 0.58 0.61 0.47 0.60

KUW:IPG vs XOM, CVX: Graham Number Comparison

For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.


Independent Petroleum Group KSCP Price-to-Graham-Number vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Independent Petroleum Group KSCP's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Independent Petroleum Group KSCP's Price-to-Graham-Number falls into.


KUW:IPG
33GF Score
Independent Petroleum Group KSCP KUW:IPG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Independent Petroleum Group KSCP Graham Number Calculation

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

Independent Petroleum Group KSCP'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*0.643*0.015)
=0.47

Independent Petroleum Group KSCP'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*0.613*0.026)
=0.60

* 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 KWD0.60 mean?
Independent Petroleum Group KSCP (KUW:IPG) has a Graham Number of KWD0.60 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Independent Petroleum Group KSCP and its competitors. This is 26% below median its historical median of 0.81. Over the past decade, Independent Petroleum Group KSCP's Graham Number has ranged from 0.42 to 5.56. According to the industry distribution chart, Independent Petroleum Group KSCP ranks #318 out of 616 companies in the Oil & Gas industry, placing it in the top 51.6%.
Is Independent Petroleum Group KSCP's Graham Number too high?
Independent Petroleum Group KSCP's current Graham Number of KWD0.60 is 26% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 5.56. Based on the distribution chart, Independent Petroleum Group KSCP ranks #318 out of 616 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Independent Petroleum Group KSCP has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Petroleum Group KSCP's Graham Number compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Independent Petroleum Group KSCP ranks #318 out of 616 companies for Graham Number. This places Independent Petroleum Group KSCP in the lower half of its industry. The industry median Graham Number is 1.08. Historically, Independent Petroleum Group KSCP's own Graham Number has ranged from 0.42 to 5.56 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 Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.08, based on 616 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 Independent Petroleum Group KSCP and its competitors. For the Oil & Gas industry, the median Graham Number is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Petroleum Group KSCP's current Graham Number is KWD0.60, which is 26% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Petroleum Group KSCP stock overvalued right now?
Based on GuruFocus' analysis, Independent Petroleum Group KSCP (KUW:IPG) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.35, compared to a current price of KWD0.68 — trading 93.1% above its estimated fair value. The current Graham Number is KWD0.60, which is 26% below median its 10-year median of 0.81. Independent Petroleum Group KSCP's overall GF Score™ is 33/100 with 10 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 Independent Petroleum Group KSCP (KUW:IPG), the current Graham Number is KWD0.60 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 Independent Petroleum Group KSCP (KUW:IPG) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Petroleum Group KSCP stock appears to be overvalued. The current stock price of KWD0.68 is trading 93.1% above its estimated GF Value™ of KWD0.35. GuruFocus considers Independent Petroleum Group KSCP to be Significantly Overvalued.

Key valuation signals for KUW:IPG:

  • Graham Number: KWD0.60 (26% below median its 10-year median of 0.81)
  • GF Value™: KWD0.35 vs. price of KWD0.68 (93.1% above fair value)
  • GF Score™: 33/100 with 10 warning signs

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


Independent Petroleum Group KSCP Business Description

Industry EnergyOil & Gas
Address Area 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminals, pipelines, and shipping. The group operates in Europe, Africa and Middle East, and Asia and the Far East where Africa and the Middle East region generates maximum revenue.
33GF Score

Get the complete analysis for KUW:IPG

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

KWD0.68
Price
KWD0.35
GF Value