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.
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.
What is VH Global Energy Infrastructure Graham Number?
VH Global Energy InfrastructureLSE:ENRG -0.54%41 Graham Number is £0.88 as of Dec. 2025, which is 100% below its 10-year median of 0.74. GuruFocus rates LSE:ENRG with a GF Score™ of 41/100. The stock has 7 warning signs investors should review. Among 1,168 Asset Management companies, VH Global Energy Infrastructure ranks worse than 60.53% 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.
The historical rank and industry rank for VH Global Energy Infrastructure's Graham Number or its related term are showing as below:
LSE:ENRG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.74 Max: 0.84
Current: 0.83
During the past 5 years, the highest Price to Graham Number ratio of VH Global Energy Infrastructure was 0.84. The lowest was 0.42. And the median was 0.74.
LSE:ENRG's Price-to-Graham-Number is ranked worse than 60.53% of 1168
companies
in the Asset Management industry
Industry Median: 0.7
vs LSE:ENRG: 0.83
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
VH Global Energy Infrastructure (LSE:ENRG) 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.
VH Global Energy Infrastructure's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.734
/
0.88
=
0.83
* 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.
VH Global Energy Infrastructure Graham Number Related Terms
VH Global Energy Infrastructure 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.
VH Global Energy Infrastructure Graham Number Chart
LSE:ENRG vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, VH Global Energy Infrastructure'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.
VH Global Energy Infrastructure Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, VH Global Energy Infrastructure's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where VH Global Energy Infrastructure'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.
VH Global Energy Infrastructure (LSE:ENRG) has a Graham Number of £0.88 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on VH Global Energy Infrastructure and its competitors. This is 19% above median its historical median of 0.74. Over the past decade, VH Global Energy Infrastructure's Graham Number has ranged from 0.42 to 0.84. According to the industry distribution chart, VH Global Energy Infrastructure ranks #707 out of 1168 companies in the Asset Management industry, placing it in the top 60.5%.
Is VH Global Energy Infrastructure's Graham Number too high?
VH Global Energy Infrastructure's current Graham Number of £0.88 is 19% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.84. Based on the distribution chart, VH Global Energy Infrastructure ranks #707 out of 1168 companies in the Asset Management industry, which is below the industry midpoint. Overall, VH Global Energy Infrastructure has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does VH Global Energy Infrastructure's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, VH Global Energy Infrastructure ranks #707 out of 1168 companies for Graham Number. This places VH Global Energy Infrastructure in the lower half of its industry. The industry median Graham Number is 0.70. Historically, VH Global Energy Infrastructure's own Graham Number has ranged from 0.42 to 0.84 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 1,168 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 VH Global Energy Infrastructure 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. VH Global Energy Infrastructure's current Graham Number is £0.88, which is 19% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VH Global Energy Infrastructure stock overvalued right now?
VH Global Energy Infrastructure (LSE:ENRG) has a current Graham Number of £0.88. The current Graham Number is £0.88, which is 19% above median its 10-year median of 0.74. VH Global Energy Infrastructure's overall GF Score™ is 41/100 with 7 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 VH Global Energy Infrastructure (LSE:ENRG), the current Graham Number is £0.88 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.
VH Global Energy Infrastructure Business Description
VH Global Energy Infrastructure PLC is a closed-ended investment company that provides exposure to a globally and technologically diversified portfolio of sustainable energy infrastructure assets that support the Sustainable Development Goals (SDGs) and are essential for the transition to net zero globally. The company's investment objective is to generate stable returns, principally in the form of income distributions, by originating, structuring, and facilitating the deployment of the capital into a diversified portfolio of sustainable energy infrastructure, predominantly in countries that are members of the EU, OECD, OECD Key Partner countries or OECD Accession countries.
41GF Score
Get the complete analysis for LSE:ENRG
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ENRG has been successfully added to your 
