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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.
KUW:UPAC's Price-to-Graham-Number is not ranked *
in the Transportation industry.
Industry Median: 1.03 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
United Projects Co for Aviation Services KSCC (KUW:UPAC) 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.
United Projects Co for Aviation Services KSCC's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
0.21
/
N/A
=
N/A
* 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.
United Projects Co for Aviation Services KSCC Graham Number Related Terms
United Projects Co for Aviation Services KSCC Graham Number Historical Data
* 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.
United Projects Co for Aviation Services KSCC Graham Number Chart
United Projects Co for Aviation Services KSCC Annual Data
For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.
United Projects Co for Aviation Services KSCC Price-to-Graham-Number vs Transportation Industry
* 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.
United Projects Co for Aviation Services KSCC (KUW:UPAC) has a Graham Number of KWDN/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on United Projects Co for Aviation Services KSCC and its competitors. Over the past decade, United Projects Co for Aviation Services KSCC's Graham Number has ranged from 0.55 to 2.05. According to the industry distribution chart, United Projects Co for Aviation Services KSCC ranks #999999 out of 745 companies in the Transportation industry.
Is United Projects Co for Aviation Services KSCC's Graham Number too high?
United Projects Co for Aviation Services KSCC's current Graham Number is KWDN/A. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.05. Based on the distribution chart, United Projects Co for Aviation Services KSCC ranks #999999 out of 745 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, United Projects Co for Aviation Services KSCC has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Projects Co for Aviation Services KSCC's Graham Number compare to JOBY and CAAP?
According to the Transportation industry distribution chart, United Projects Co for Aviation Services KSCC ranks #999999 out of 745 companies for Graham Number. This places United Projects Co for Aviation Services KSCC in the lower half of its industry. The industry median Graham Number is 1.03. Historically, United Projects Co for Aviation Services KSCC's own Graham Number has ranged from 0.55 to 2.05 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 Transportation company?
The median Graham Number among Transportation companies is 1.03, based on 745 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 United Projects Co for Aviation Services KSCC and its competitors. For the Transportation industry, the median Graham Number is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Projects Co for Aviation Services KSCC's current Graham Number is KWDN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Projects Co for Aviation Services KSCC stock overvalued right now?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC (KUW:UPAC) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.03, compared to a current price of KWD0.21 — trading 600% above its estimated fair value. The current Graham Number is KWDN/A. United Projects Co for Aviation Services KSCC's overall GF Score™ is 21/100 with 6 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 United Projects Co for Aviation Services KSCC (KUW:UPAC), the current Graham Number is KWDN/A 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 United Projects Co for Aviation Services KSCC (KUW:UPAC) Overvalued in 2026?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC stock appears to be overvalued.
The current stock price of KWD0.21 is trading 600% above its estimated GF Value™ of KWD0.03.
GuruFocus considers United Projects Co for Aviation Services KSCC to be Significantly Overvalued.
Key valuation signals for KUW:UPAC:
Graham Number: KWDN/A
GF Value™: KWD0.03 vs. price of KWD0.21 (600% above fair value)
No single metric tells the full story. See the KUW:UPAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Projects Co for Aviation Services KSCC is a Kuwait-based company that provides full-service commercial real estate and facilities management. Its services include real estate management, project management and consultancy, as well as maintenance and facilities management services. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. It is organised in two operating segments: Investments: consists of investing in the Project and surplus funds in investment portfolios. Service operations: consist of managing projects and providing airplane ground and cleaning services, and other service facilities. The Service Operations segment generates the maximum revenue for the company.
21GF Score
Get the complete analysis for KUW:UPAC
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