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Lucky CementLSE:LKCS 91 Graham Number is $8.46 as of Mar. 2026, which is 895% above its 10-year median of 0.85. GuruFocus rates LSE:LKCS with a GF Score™ of 91/100 and a GF Value™ of $7.88. The stock has 1 warning sign investors should review. Among 286 Building Materials companies, Lucky Cement ranks better than 66.43% 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 (2026-07-22), the stock price of Lucky Cement is $13.00. Lucky Cement's graham number for the quarter that ended in Mar. 2026 was $8.46. Therefore, Lucky Cement's Price to Graham Number ratio for today is 1.54.
The historical rank and industry rank for Lucky Cement's Graham Number or its related term are showing as below:
LSE:LKCS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.31 Med: 0.85 Max: 1.65
Current: 0.76
During the past 13 years, the highest Price to Graham Number ratio of Lucky Cement was 1.65. The lowest was 0.31. And the median was 0.85.
LSE:LKCS's Price-to-Graham-Number is ranked better than 66.43% of 286
companies
in the Building Materials industry
Industry Median: 0.97
vs LSE:LKCS: 0.76
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Lucky Cement (LSE:LKCS) 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.
Lucky Cement's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
13.00
/
8.46
=
1.54
* 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.
Lucky Cement Graham Number Related Terms
Lucky Cement Graham Number Historical Data
* Premium members only.
The historical data trend for Lucky Cement'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.
LSE:LKCS vs CRH, VMC, MLM: Graham Number Comparison
For the Building Materials subindustry, Lucky Cement'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.
Lucky Cement Price-to-Graham-Number vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Lucky Cement's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Lucky Cement'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.
Lucky Cement (LSE:LKCS) has a Graham Number of $8.46 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Lucky Cement and its competitors. This is 895% above median its historical median of 0.85. Over the past decade, Lucky Cement's Graham Number has ranged from 0.31 to 1.65. According to the industry distribution chart, Lucky Cement ranks #96 out of 286 companies in the Building Materials industry, placing it in the top 33.6%.
Is Lucky Cement's Graham Number too high?
Lucky Cement's current Graham Number of $8.46 is 895% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.65. The Building Materials industry median Graham Number is 0.97. Lucky Cement's value of $8.46 is 772.2% above this industry median. Based on the distribution chart, Lucky Cement ranks #96 out of 286 companies in the Building Materials industry, which is above the industry midpoint. Overall, Lucky Cement has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Lucky Cement's Graham Number compare to CRH and VMC?
According to the Building Materials industry distribution chart, Lucky Cement ranks #96 out of 286 companies for Graham Number. This puts Lucky Cement in the upper half of its industry. The industry median Graham Number is 0.97. Lucky Cement's value of $8.46 is 772.2% above this benchmark. Historically, Lucky Cement's own Graham Number has ranged from 0.31 to 1.65 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.97, Lucky Cement 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 Building Materials company?
The median Graham Number among Building Materials companies is 0.97, based on 286 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. Lucky Cement's current Graham Number of $8.46 is 772.2% 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 Lucky Cement and its competitors. For the Building Materials industry, the median Graham Number is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucky Cement's current Graham Number is $8.46, which is 895% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucky Cement stock overvalued right now?
Lucky Cement (LSE:LKCS) has a current Graham Number of $8.46. The stock's GF Value™ is $7.88, compared to a current price of $13.00 — trading 65% above its estimated fair value. The current Graham Number is $8.46, which is 895% above median its 10-year median of 0.85 and 772.2% above the Building Materials industry median of 0.97. Lucky Cement's overall GF Score™ is 91/100 with 1 warning sign 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 Lucky Cement (LSE:LKCS), the current Graham Number is $8.46 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 Lucky Cement (LSE:LKCS) Overvalued in 2026?
Based on GuruFocus' analysis, Lucky Cement stock appears to be overvalued.
The current stock price of $13.00 is trading 65% above its estimated GF Value™ of $7.88.
Key valuation signals for LSE:LKCS:
Graham Number: $8.46 (895% above median its 10-year median of 0.85)
GF Value™: $7.88 vs. price of $13.00 (65% above fair value)
Industry Position: 772.2% above the Building Materials median (#96 of 286)
No single metric tells the full story. See the LSE:LKCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lucky Cement Ltd manufactures Ordinary Portland Cement and Sulphate Resistant Cement. Its segments include cement, polyester, soda ash, pharma, life science and chemicals, automobile and mobile phone assembly, power generation, and others. The reportable Units are Soda Ash, Pharma, Life Sciences, and Chemicals. The company produces various cement variants tailored to climatic conditions, with brands for the Northern region including Lucky Cement, Lucky Supreme SRC, and Block Cement, as well as brands for the Southern region including Lucky Gold, Lucky Star, and Raj Cement.
91GF Score
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