Aurora UK Alpha (LSE:ARR) Graham Number: £5.31 (As of Dec. 2025) — 984% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

LSE:ARR Aurora UK Alpha PLC LSE:ARR
39 GF Score
Price £2.53
! 5 Warning Signs
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What is Aurora UK Alpha Graham Number?

Aurora UK Alpha LSE:ARR +0.40% 39 Graham Number is £5.31 as of Dec. 2025, which is 100% below its 10-year median of 0.49. GuruFocus rates LSE:ARR with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 1,172 Asset Management companies, Aurora UK Alpha ranks better than 76.45% 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 (2026-08-02), the stock price of Aurora UK Alpha is £2.53. Aurora UK Alpha's graham number for the quarter that ended in Dec. 2025 was £5.31. Therefore, Aurora UK Alpha's Price to Graham Number ratio for today is 0.48.

The historical rank and industry rank for Aurora UK Alpha's Graham Number or its related term are showing as below:

LSE:ARR' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.38   Med: 0.49   Max: 0.53
Current: 0.48

During the past 13 years, the highest Price to Graham Number ratio of Aurora UK Alpha was 0.53. The lowest was 0.38. And the median was 0.49.

LSE:ARR's Price-to-Graham-Number is ranked better than
76.45% of 1172 companies
in the Asset Management industry
Industry Median: 0.7 vs LSE:ARR: 0.48

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


Aurora UK Alpha  (LSE:ARR) 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.

Aurora UK Alpha's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=2.53/5.31
=0.48

* 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.


Aurora UK Alpha Graham Number Related Terms


Aurora UK Alpha Graham Number Historical Data

* Premium members only.

The historical data trend for Aurora UK Alpha'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.

Aurora UK Alpha Graham Number Chart

Aurora UK Alpha Annual Data
Trend Feb16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 0.00 6.58 0.00 5.31

Aurora UK Alpha Semi-Annual Data
Feb16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 6.58 5.19 0.00 3.26 5.31

LSE:ARR vs BLK, BX, KKR: Graham Number Comparison

For the Asset Management subindustry, Aurora UK Alpha'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.


Aurora UK Alpha Price-to-Graham-Number vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Aurora UK Alpha's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Aurora UK Alpha's Price-to-Graham-Number falls into.


LSE:ARR
39GF Score
Aurora UK Alpha PLC LSE:ARR
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Aurora UK Alpha Graham Number Calculation

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

Aurora UK Alpha'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*2.992*0.419)
=5.31

Aurora UK Alpha'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*2.992*0.419)
=5.31

* 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 £5.31 mean?
Aurora UK Alpha (LSE:ARR) has a Graham Number of £5.31 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Aurora UK Alpha and its competitors. This is 984% above median its historical median of 0.49. Over the past decade, Aurora UK Alpha's Graham Number has ranged from 0.38 to 0.53. According to the industry distribution chart, Aurora UK Alpha ranks #276 out of 1172 companies in the Asset Management industry, placing it in the top 23.5%.
Is Aurora UK Alpha's Graham Number too high?
Aurora UK Alpha's current Graham Number of £5.31 is 984% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.53. Based on the distribution chart, Aurora UK Alpha ranks #276 out of 1172 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Aurora UK Alpha has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Aurora UK Alpha's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Aurora UK Alpha ranks #276 out of 1172 companies for Graham Number. This places Aurora UK Alpha in the top 24% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.70. Historically, Aurora UK Alpha's own Graham Number has ranged from 0.38 to 0.53 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.70, based on 1,172 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 Aurora UK Alpha and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aurora UK Alpha's current Graham Number is £5.31, which is 984% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurora UK Alpha stock overvalued right now?
Aurora UK Alpha (LSE:ARR) has a current Graham Number of £5.31. The current Graham Number is £5.31, which is 984% above median its 10-year median of 0.49. Aurora UK Alpha's overall GF Score™ is 39/100 with 5 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 Aurora UK Alpha (LSE:ARR), the current Graham Number is £5.31 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.

Aurora UK Alpha Business Description

Address Frostrow Capital LLP, 25 Southampton Buildings, London, GBR, WC2A 1AL
Aurora UK Alpha PLC is a United Kingdom-based closed-end investment company. Its objective is to achieve capital appreciation through investments in UK companies mainly listed on the London Stock Exchange. The Company is engaged in a single segment being an investment business in accordance with its Investment Objective and Policy.
39GF Score

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

£2.53
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