DraftKings (LTS:0ABA) Graham Number: $N/A (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

LTS:0ABA DraftKings Inc LTS:0ABA
64 GF Score
Price $24.01
GF Value $51.87
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is DraftKings Graham Number?

DraftKings LTS:0ABA 64 Graham Number is $N/A as of Jun. 2026. GuruFocus rates LTS:0ABA with a GF Score™ of 64/100 and a GF Value™ of $51.87 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 501 Travel & Leisure companies, DraftKings ranks worse than 199600.6% 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 (2026-08-19), the stock price of DraftKings is $24.01. DraftKings's graham number for the quarter that ended in Jun. 2026 was $N/A. Therefore, DraftKings's Price to Graham Number ratio for today is N/A.

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

LTS:0ABA's Price-to-Graham-Number is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.22
* Ranked among companies with meaningful Price-to-Graham-Number only.

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


DraftKings  (LTS:0ABA) 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.

DraftKings's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=24.01/N/A
=N/A

* 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.


DraftKings Graham Number Related Terms


DraftKings Graham Number Historical Data

* Premium members only.

The historical data trend for DraftKings'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.

DraftKings Graham Number Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

DraftKings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

LTS:0ABA vs SGHC, CHDN, LNWO: Graham Number Comparison

For the Gambling subindustry, DraftKings'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.


DraftKings Price-to-Graham-Number vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Price-to-Graham-Number distribution charts can be found below:

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


LTS:0ABA
64GF Score
DraftKings Inc LTS:0ABA
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DraftKings Graham Number Calculation

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

DraftKings'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*-3.748*0.66)
=N/A

DraftKings's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*-3.762*0.16)
=N/A

* 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 $N/A mean?
DraftKings (LTS:0ABA) has a Graham Number of $N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on DraftKings and its competitors. According to the industry distribution chart, DraftKings ranks #999999 out of 501 companies in the Travel & Leisure industry.
Is DraftKings' Graham Number too high?
DraftKings' current Graham Number is $N/A. Based on the distribution chart, DraftKings ranks #999999 out of 501 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, DraftKings has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DraftKings' Graham Number compare to SGHC and CHDN?
According to the Travel & Leisure industry distribution chart, DraftKings ranks #999999 out of 501 companies for Graham Number. This places DraftKings in the lower half of its industry. The industry median Graham Number is 1.22. 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.22, based on 501 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 DraftKings and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DraftKings's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DraftKings stock overvalued right now?
Based on GuruFocus' analysis, DraftKings (LTS:0ABA) is currently considered Possible Value Trap. The stock's GF Value™ is $51.87, compared to a current price of $24.01 — trading 53.7% below its estimated fair value. The current Graham Number is $N/A. DraftKings' overall GF Score™ is 64/100 with 3 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 DraftKings (LTS:0ABA), the current Graham Number is $N/A as of Jun. 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 DraftKings (LTS:0ABA) Overvalued in 2026?

Based on GuruFocus' analysis, DraftKings stock appears to be undervalued. The current stock price of $24.01 is trading 53.7% below its estimated GF Value™ of $51.87. GuruFocus considers DraftKings to be Possible Value Trap.

Key valuation signals for LTS:0ABA:

  • Graham Number: $N/A
  • GF Value™: $51.87 vs. price of $24.01 (53.7% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the LTS:0ABA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DraftKings Business Description

Address 222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. With its predictive market launch in 2025, DraftKings is now live with online or retail sports betting in most all states and i-gaming in five states, with both products available to around 40% of Canada's population. In 2025, sports revenue was 63% of total sales, i-gaming 30%, and fantasy and lottery 7%.
64GF Score

Get the complete analysis for LTS:0ABA

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

$24.01
Price
$51.87
GF Value