KYIV (Kyivstar Group) Graham Number: $9.47 (As of Mar. 2026) — 623% 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.
Reviewed by: Charlie Tian Charlie Tian
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.

KYIV Kyivstar Group Ltd KYIV
21 GF Score
Price $13.13
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What is Kyivstar Group Graham Number?

Kyivstar Group KYIV -3.24% 21 Graham Number is $9.47 as of Mar. 2026, which is 623% above its 10-year median of 1.31. GuruFocus rates KYIV with a GF Score™ of 21/100. Among 192 Telecommunication Services companies, Kyivstar Group ranks better than 54.17% 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 (2026-07-29), the stock price of Kyivstar Group is $13.13. Kyivstar Group's graham number for the quarter that ended in Mar. 2026 was $9.47. Therefore, Kyivstar Group's Price to Graham Number ratio for today is 1.39.

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

KYIV' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.07   Med: 1.31   Max: 1.44
Current: 1.39

During the past 3 years, the highest Price to Graham Number ratio of Kyivstar Group was 1.44. The lowest was 1.07. And the median was 1.31.

KYIV's Price-to-Graham-Number is ranked better than
54.17% of 192 companies
in the Telecommunication Services industry
Industry Median: 1.565 vs KYIV: 1.39

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


Kyivstar Group  (NAS:KYIV) 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.

Kyivstar Group's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=13.13/9.47
=1.39

* 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.


Kyivstar Group Graham Number Related Terms


Kyivstar Group Graham Number Historical Data

* Premium members only.

The historical data trend for Kyivstar 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.

Kyivstar Group Graham Number Chart

Kyivstar Group Annual Data
Trend Dec23 Dec24 Dec25
Graham Number
8.20 9.16 9.33

Kyivstar Group Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.07 9.62 9.55 9.86 9.47

KYIV vs AD, LBTYA, TDS: Graham Number Comparison

For the Telecom Services subindustry, Kyivstar 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.


Kyivstar Group Price-to-Graham-Number vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kyivstar Group's Price-to-Graham-Number distribution charts can be found below:

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


KYIV
21GF Score
Kyivstar Group Ltd KYIV
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Kyivstar Group Graham Number Calculation

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

Kyivstar Group'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*3.5*1.106)
=9.33

Kyivstar Group'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*3.01*1.325)
=9.47

* 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 $9.47 mean?
Kyivstar Group (KYIV) has a Graham Number of $9.47 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kyivstar Group and its competitors. This is 623% above median its historical median of 1.31. Over the past decade, Kyivstar Group's Graham Number has ranged from 1.07 to 1.44. According to the industry distribution chart, Kyivstar Group ranks #88 out of 192 companies in the Telecommunication Services industry, placing it in the top 45.8%.
Is Kyivstar Group's Graham Number too high?
Kyivstar Group's current Graham Number of $9.47 is 623% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.44. The Telecommunication Services industry median Graham Number is 1.57. Kyivstar Group's value of $9.47 is 505.1% above this industry median. Based on the distribution chart, Kyivstar Group ranks #88 out of 192 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Kyivstar Group has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Kyivstar Group's Graham Number compare to AD and LBTYA?
According to the Telecommunication Services industry distribution chart, Kyivstar Group ranks #88 out of 192 companies for Graham Number. This puts Kyivstar Group in the upper half of its industry. The industry median Graham Number is 1.57. Kyivstar Group's value of $9.47 is 505.1% above this benchmark. Historically, Kyivstar Group's own Graham Number has ranged from 1.07 to 1.44 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.57, Kyivstar Group 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 Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.57, based on 192 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. Kyivstar Group's current Graham Number of $9.47 is 505.1% 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 Kyivstar Group and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyivstar Group's current Graham Number is $9.47, which is 623% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyivstar Group stock overvalued right now?
Kyivstar Group (KYIV) has a current Graham Number of $9.47. The current Graham Number is $9.47, which is 623% above median its 10-year median of 1.31 and 505.1% above the Telecommunication Services industry median of 1.57. Kyivstar Group's overall GF Score™ is 21/100. 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 Kyivstar Group (KYIV), the current Graham Number is $9.47 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.

Kyivstar Group Business Description

Address Dubai International Financial Centre (DIFC, Unit 517, Level 5, Index Tower, Dubai, ARE
Kyivstar Group Ltd is a telecommunications and digital holding company that operates Ukraine provider of mobile communication and broadband services. The company offers a wide range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as big data, cloud, and cybersecurity. It operates through two main segments: Telecommunications and Digital. The Telecommunications segment, which generates the majority of revenue, includes service revenue from mobile and fixed connectivity services provided to both individual and corporate customers. The Digital segment comprises revenue from proprietary digital platforms and services.
21GF Score

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$13.13
Price