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Pantheon InternationalLSE:PIN 42 Graham Number is £3.02 as of Nov. 2025, which is 100% below its 10-year median of 0.47. GuruFocus rates LSE:PIN with a GF Score™ of 42/100 and a GF Value™ of £0.21 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,171 Asset Management companies, Pantheon International ranks worse than 77.11% 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 Pantheon International's Graham Number or its related term are showing as below:
LSE:PIN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.26 Med: 0.47 Max: 1.3
Current: 1.3
During the past 13 years, the highest Price to Graham Number ratio of Pantheon International was 1.30. The lowest was 0.26. And the median was 0.47.
LSE:PIN's Price-to-Graham-Number is ranked worse than 77.11% of 1171
companies
in the Asset Management industry
Industry Median: 0.7
vs LSE:PIN: 1.30
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Pantheon International (LSE:PIN) 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.
Pantheon International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Nov. 2025 )
=
3.935
/
3.02
=
1.30
* 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.
Pantheon International Graham Number Related Terms
Pantheon International 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.
For the Asset Management subindustry, Pantheon International'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.
Pantheon International Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pantheon International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Pantheon International'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.
Pantheon International (LSE:PIN) has a Graham Number of £3.02 as of Nov. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Pantheon International and its competitors. This is 543% above median its historical median of 0.47. Over the past decade, Pantheon International's Graham Number has ranged from 0.26 to 1.30. According to the industry distribution chart, Pantheon International ranks #903 out of 1171 companies in the Asset Management industry, placing it in the top 77.1%.
Is Pantheon International's Graham Number too high?
Pantheon International's current Graham Number of £3.02 is 543% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.30. Based on the distribution chart, Pantheon International ranks #903 out of 1171 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pantheon International has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pantheon International's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Pantheon International ranks #903 out of 1171 companies for Graham Number. This places Pantheon International in the lower half of its industry. The industry median Graham Number is 0.70. Historically, Pantheon International's own Graham Number has ranged from 0.26 to 1.30 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 1,171 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 Pantheon International 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. Pantheon International's current Graham Number is £3.02, which is 543% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pantheon International stock overvalued right now?
Based on GuruFocus' analysis, Pantheon International (LSE:PIN) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.21, compared to a current price of £3.94 — trading 1773.8% above its estimated fair value. The current Graham Number is £3.02, which is 543% above median its 10-year median of 0.47. Pantheon International's overall GF Score™ is 42/100 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 Pantheon International (LSE:PIN), the current Graham Number is £3.02 as of Nov. 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 Pantheon International (LSE:PIN) Overvalued in 2026?
Based on GuruFocus' analysis, Pantheon International stock appears to be overvalued.
The current stock price of £3.94 is trading 1773.8% above its estimated GF Value™ of £0.21.
GuruFocus considers Pantheon International to be Significantly Overvalued.
Key valuation signals for LSE:PIN:
Graham Number: £3.02 (543% above median its 10-year median of 0.47)
GF Value™: £0.21 vs. price of £3.94 (1773.8% above fair value)
No single metric tells the full story. See the LSE:PIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pantheon International PLC is a UK based investment trust. The company's business activities include investing in various equities, private companies, and other financial instruments. The Company is engaged in a single segment of business, being an investment business. The investments are spread across the world with the majority being in the USA and rest spread across Europe and Asia. It majorly invests in sectors such as consumer, information technology, healthcare, and industrial.
42GF Score
Get the complete analysis for LSE:PIN
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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