Kiwi Property GroupKWIPF 41 Graham Number is $0.51 as of Mar. 2026, which is 37% below its 10-year median of 0.81. GuruFocus rates KWIPF with a GF Score™ of 41/100 and a GF Value™ of $0.47 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 731 REITs companies, Kiwi Property Group ranks worse than 71.68% 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 (2026-07-13), the stock price of Kiwi Property Group is $0.56986. Kiwi Property Group's graham number for the quarter that ended in Mar. 2026 was $0.51. Therefore, Kiwi Property Group's Price to Graham Number ratio for today is 1.11.
The historical rank and industry rank for Kiwi Property Group's Graham Number or its related term are showing as below:
KWIPF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.81 Max: 1.08
Current: 1.08
During the past 12 years, the highest Price to Graham Number ratio of Kiwi Property Group was 1.08. The lowest was 0.51. And the median was 0.81.
KWIPF's Price-to-Graham-Number is ranked worse than 71.68% of 731
companies
in the REITs industry
Industry Median: 0.74
vs KWIPF: 1.08
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kiwi Property Group (OTCPK:KWIPF) 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.
Kiwi Property Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.56986
/
0.51
=
1.11
* 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.
Kiwi Property Group Graham Number Related Terms
Kiwi Property Group Graham Number Historical Data
* Premium members only.
The historical data trend for Kiwi Property Group'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.
For the REIT - Diversified subindustry, Kiwi Property Group'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.
Kiwi Property Group Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Kiwi Property Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kiwi Property Group'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.
Kiwi Property Group (KWIPF) has a Graham Number of $0.51 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kiwi Property Group and its competitors. This is 37% below median its historical median of 0.81. Over the past decade, Kiwi Property Group's Graham Number has ranged from 0.51 to 1.08. According to the industry distribution chart, Kiwi Property Group ranks #524 out of 731 companies in the REITs industry, placing it in the top 71.7%.
Is Kiwi Property Group's Graham Number too high?
Kiwi Property Group's current Graham Number of $0.51 is 37% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.08. The REITs industry median Graham Number is 0.74. Kiwi Property Group's value of $0.51 is 31.1% below this industry median. Based on the distribution chart, Kiwi Property Group ranks #524 out of 731 companies in the REITs industry, which is below the industry midpoint. Overall, Kiwi Property Group has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kiwi Property Group's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Kiwi Property Group ranks #524 out of 731 companies for Graham Number. This places Kiwi Property Group in the lower half of its industry. The industry median Graham Number is 0.74. Kiwi Property Group's value of $0.51 is 31.1% below this benchmark. Historically, Kiwi Property Group's own Graham Number has ranged from 0.51 to 1.08 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.74, Kiwi Property Group has consistently been below 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 731 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. Kiwi Property Group's current Graham Number of $0.51 is 31.1% below 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 Kiwi Property Group and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kiwi Property Group's current Graham Number is $0.51, which is 37% 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 Kiwi Property Group stock overvalued right now?
Based on GuruFocus' analysis, Kiwi Property Group (KWIPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.47, compared to a current price of $0.57 — trading 21.2% above its estimated fair value. The current Graham Number is $0.51, which is 37% below median its 10-year median of 0.81 and 31.1% below the REITs industry median of 0.74. Kiwi Property Group's overall GF Score™ is 41/100 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 Kiwi Property Group (KWIPF), the current Graham Number is $0.51 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 Kiwi Property Group (KWIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Kiwi Property Group stock appears to be overvalued.
The current stock price of $0.57 is trading 21.2% above its estimated GF Value™ of $0.47.
GuruFocus considers Kiwi Property Group to be Modestly Overvalued.
Key valuation signals for KWIPF:
Graham Number: $0.51 (37% below median its 10-year median of 0.81)
GF Value™: $0.47 vs. price of $0.57 (21.2% above fair value)
Industry Position: 31.1% below the REITs median (#524 of 731)
No single metric tells the full story. See the KWIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kiwi Property Group Ltd is a New Zealand-based company involved in the real estate business. It owns and manages a high-quality real estate portfolio, including some of the country's key commercial properties. Its portfolio comprises office properties, retail-led mixed-use assets, and large landholdings, strategically positioned in areas marked for densification, close to transport nodes. The Group's reportable segments are: Retail-led mixed-use, Office, Development land, and Other. The majority of its revenue is derived from the Retail-led mixed-use assets, which comprise large-scale properties anchored by retail tenancies, which may have complementary uses such as office, residential, or other non-retail components that support the asset's overall performance.
41GF Score
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