LCRXF (Lacroix Group) Graham Number: $20.00 (As of Dec. 2025) — 2799% 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.

LCRXF Lacroix Group LCRXF
66 GF Score
Price $10.10
GF Value $9.55
! 6 Warning Signs
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What is Lacroix Group Graham Number?

Lacroix Group LCRXF +0.10% 66 Graham Number is $20.00 as of Dec. 2025, which is 2799% above its 10-year median of 0.69. GuruFocus rates LCRXF with a GF Score™ of 66/100 and a GF Value™ of $9.55. The stock has 6 warning signs investors should review. Among 1,620 Hardware companies, Lacroix Group ranks better than 70% 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 (2026-07-23), the stock price of Lacroix Group is $10.10. Lacroix Group's graham number for the quarter that ended in Dec. 2025 was $20.00. Therefore, Lacroix Group's Price to Graham Number ratio for today is 0.51.

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

LCRXF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.28   Med: 0.69   Max: 1.7
Current: 1.16

During the past 13 years, the highest Price to Graham Number ratio of Lacroix Group was 1.70. The lowest was 0.28. And the median was 0.69.

LCRXF's Price-to-Graham-Number is ranked better than
70% of 1620 companies
in the Hardware industry
Industry Median: 1.87 vs LCRXF: 1.16

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


Lacroix Group  (OTCPK:LCRXF) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=10.10/20.00
=0.51

* 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.


Lacroix Group Graham Number Related Terms


Lacroix Group Graham Number Historical Data

* Premium members only.

The historical data trend for Lacroix 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.

Lacroix Group Graham Number Chart

Lacroix Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.61 25.85 29.27 35.21 19.80

Lacroix Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 29.46 30.24 36.02 34.71 20.00

LCRXF vs COHR, KEYS, GRMN: Graham Number Comparison

For the Scientific & Technical Instruments subindustry, Lacroix 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.


Lacroix Group Price-to-Graham-Number vs Hardware Industry

For the Hardware industry and Technology sector, Lacroix Group's Price-to-Graham-Number distribution charts can be found below:

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


LCRXF
66GF Score
Lacroix Group LCRXF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lacroix Group Graham Number Calculation

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

Lacroix 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*3.686*4.726)
=19.80

Lacroix Group's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*3.686*4.823)
=20.00

* 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 $20.00 mean?
Lacroix Group (LCRXF) has a Graham Number of $20.00 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Lacroix Group and its competitors. This is 2799% above median its historical median of 0.69. Over the past decade, Lacroix Group's Graham Number has ranged from 0.28 to 1.70. According to the industry distribution chart, Lacroix Group ranks #486 out of 1620 companies in the Hardware industry, placing it in the top 30%.
Is Lacroix Group's Graham Number too high?
Lacroix Group's current Graham Number of $20.00 is 2799% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.70. The Hardware industry median Graham Number is 1.87. Lacroix Group's value of $20.00 is 969.5% above this industry median. Based on the distribution chart, Lacroix Group ranks #486 out of 1620 companies in the Hardware industry, which is above the industry midpoint. Overall, Lacroix Group has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Lacroix Group's Graham Number compare to COHR and KEYS?
According to the Hardware industry distribution chart, Lacroix Group ranks #486 out of 1620 companies for Graham Number. This puts Lacroix Group in the upper half of its industry. The industry median Graham Number is 1.87. Lacroix Group's value of $20.00 is 969.5% above this benchmark. Historically, Lacroix Group's own Graham Number has ranged from 0.28 to 1.70 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.87, Lacroix 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 Hardware company?
The median Graham Number among Hardware companies is 1.87, based on 1,620 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. Lacroix Group's current Graham Number of $20.00 is 969.5% 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 Lacroix Group and its competitors. For the Hardware industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lacroix Group's current Graham Number is $20.00, which is 2799% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lacroix Group stock overvalued right now?
Lacroix Group (LCRXF) has a current Graham Number of $20.00. The stock's GF Value™ is $9.55, compared to a current price of $10.10 — trading 5.8% above its estimated fair value. The current Graham Number is $20.00, which is 2799% above median its 10-year median of 0.69 and 969.5% above the Hardware industry median of 1.87. Lacroix Group's overall GF Score™ is 66/100 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 Lacroix Group (LCRXF), the current Graham Number is $20.00 as of Dec. 2025. 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 Lacroix Group (LCRXF) Overvalued in 2026?

Based on GuruFocus' analysis, Lacroix Group stock appears to be overvalued. The current stock price of $10.10 is trading 5.8% above its estimated GF Value™ of $9.55.

Key valuation signals for LCRXF:

  • Graham Number: $20.00 (2799% above median its 10-year median of 0.69)
  • GF Value™: $9.55 vs. price of $10.10 (5.8% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 969.5% above the Hardware median (#486 of 1620)

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


Lacroix Group Business Description

Address 17 rue Oceane, Saint Herblain, FRA, 44800
Lacroix Group is engaged in the design and manufacture of electronic equipment, as well as the delivery of reliable and secure industrial IoT solutions. LACROIX supports its customers from design to the manufacturing of embedded electronics for their solutions. Leveraging a network of geographically complementary and competitive manufacturing sites, the Group serves a wide range of sectors, including automotive, industry, connected homes and buildings (HBAS), aerospace and defense, and healthcare. The company operates in two segments, which are LACROIX Electronics and LACROIX Environment.
66GF Score

Get the complete analysis for LCRXF

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

$10.10
Price
$9.55
GF Value