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Majedie InvestmentsLSE:MAJE +0.60%21 Graham Number is £5.72 as of Mar. 2026. GuruFocus rates LSE:MAJE with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 1,156 Asset Management companies, Majedie Investments ranks better than 61.42% 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 (2026-09-05), the stock price of Majedie Investments is £3.37. Majedie Investments's graham number for the quarter that ended in Mar. 2026 was £5.72. Therefore, Majedie Investments's Price to Graham Number ratio for today is 0.59.
The historical rank and industry rank for Majedie Investments's Graham Number or its related term are showing as below:
LSE:MAJE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.35 Med: 0.52 Max: 1.97
Current: 0.59
During the past 13 years, the highest Price to Graham Number ratio of Majedie Investments was 1.97. The lowest was 0.35. And the median was 0.52.
LSE:MAJE's Price-to-Graham-Number is ranked better than 61.42% of 1156
companies
in the Asset Management industry
Industry Median: 0.69
vs LSE:MAJE: 0.59
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Majedie Investments (LSE:MAJE) 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.
Majedie Investments's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.37
/
5.72
=
0.59
* 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.
Majedie Investments Graham Number Related Terms
Majedie Investments Graham Number Historical Data
* Premium members only.
The historical data trend for Majedie Investments'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:MAJE vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, Majedie Investments'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.
Majedie Investments Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Majedie Investments's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Majedie Investments'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.
Majedie Investments (LSE:MAJE) has a Graham Number of £5.72 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Majedie Investments and its competitors. According to the industry distribution chart, Majedie Investments ranks #446 out of 1156 companies in the Asset Management industry, placing it in the top 38.6%.
Is Majedie Investments' Graham Number too high?
Majedie Investments' current Graham Number is £5.72. Based on the distribution chart, Majedie Investments ranks #446 out of 1156 companies in the Asset Management industry, which is above the industry midpoint. Overall, Majedie Investments has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Majedie Investments' Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Majedie Investments ranks #446 out of 1156 companies for Graham Number. This puts Majedie Investments in the upper half of its industry. The industry median Graham Number is 0.69. 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 0.69, based on 1,156 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 Majedie Investments and its competitors. For the Asset Management industry, the median Graham Number is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Majedie Investments's current Graham Number is £5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majedie Investments stock overvalued right now?
Majedie Investments (LSE:MAJE) has a current Graham Number of £5.72. The current Graham Number is £5.72. Majedie Investments' overall GF Score™ is 21/100 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 Majedie Investments (LSE:MAJE), the current Graham Number is £5.72 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.
Majedie Investments PLC is an investment trust company. The Company's investment objective is to deliver long-term capital growth while preserving shareholders capital and paying a regular dividend. The company invests mainly in securities of publicly quoted companies nationwide, as well as in selected unquoted securities. To manage risk, it focuses on in-depth analysis of economies and sector trends to achieve sustainable long-term growth. The company may use derivative instruments, including index-linked notes, contracts for difference, covered options, and other equity-related derivatives, for efficient portfolio management and investment purposes. Its revenue mainly comprises interest and dividend income generated from its investments.
21GF Score
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