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 Bank Handlowy w Warszawie's Graham Number or its related term are showing as below:
LTS:0DOS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 0.76 Max: 1.31
Current: 0.83
During the past 13 years, the highest Price to Graham Number ratio of Bank Handlowy w Warszawie was 1.31. The lowest was 0.52. And the median was 0.76.
LTS:0DOS's Price-to-Graham-Number is ranked worse than 53.48% of 1438
companies
in the Banks industry
Industry Median: 0.8
vs LTS:0DOS: 0.83
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Bank Handlowy w Warszawie (LTS:0DOS) 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.
Bank Handlowy w Warszawie's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
102.60
/
148.26
=
0.69
* 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.
Bank Handlowy w Warszawie Graham Number Related Terms
Bank Handlowy w Warszawie 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 Banks - Regional subindustry, Bank Handlowy w Warszawie'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.
Bank Handlowy w Warszawie Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Bank Handlowy w Warszawie's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Bank Handlowy w Warszawie'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.
Bank Handlowy w Warszawie (LTS:0DOS) has a Graham Number of zł148.26 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Bank Handlowy w Warszawie and its competitors. This is 19408% above median its historical median of 0.76. Over the past decade, Bank Handlowy w Warszawie's Graham Number has ranged from 0.52 to 1.31. According to the industry distribution chart, Bank Handlowy w Warszawie ranks #769 out of 1438 companies in the Banks industry, placing it in the top 53.5%.
Is Bank Handlowy w Warszawie's Graham Number too high?
Bank Handlowy w Warszawie's current Graham Number of zł148.26 is 19408% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.31. Based on the distribution chart, Bank Handlowy w Warszawie ranks #769 out of 1438 companies in the Banks industry, which is below the industry midpoint. Overall, Bank Handlowy w Warszawie has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Bank Handlowy w Warszawie's Graham Number compare to PNC and USB?
According to the Banks industry distribution chart, Bank Handlowy w Warszawie ranks #769 out of 1438 companies for Graham Number. This places Bank Handlowy w Warszawie in the lower half of its industry. The industry median Graham Number is 0.80. Historically, Bank Handlowy w Warszawie's own Graham Number has ranged from 0.52 to 1.31 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 a Banks company?
The median Graham Number among Banks companies is 0.80, based on 1,438 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 Bank Handlowy w Warszawie and its competitors. For the Banks industry, the median Graham Number is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Handlowy w Warszawie's current Graham Number is zł148.26, which is 19408% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Handlowy w Warszawie stock overvalued right now?
Bank Handlowy w Warszawie (LTS:0DOS) has a current Graham Number of zł148.26. The stock's GF Value™ is zł65.95, compared to a current price of zł102.60 — trading 55.6% above its estimated fair value. The current Graham Number is zł148.26, which is 19408% above median its 10-year median of 0.76. Bank Handlowy w Warszawie's overall GF Score™ is 70/100 with 6 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 Bank Handlowy w Warszawie (LTS:0DOS), the current Graham Number is zł148.26 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 Bank Handlowy w Warszawie (LTS:0DOS) Overvalued in 2026?
Based on GuruFocus' analysis, Bank Handlowy w Warszawie stock appears to be overvalued.
The current stock price of zł102.60 is trading 55.6% above its estimated GF Value™ of zł65.95.
Key valuation signals for LTS:0DOS:
Graham Number: zł148.26 (19408% above median its 10-year median of 0.76)
GF Value™: zł65.95 vs. price of zł102.60 (55.6% above fair value)
No single metric tells the full story. See the LTS:0DOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank Handlowy w Warszawie SA is a Poland-based bank and the parent company of the Bank Handlowy Group. It is a subsidiary of Citigroup, through Citibank Overseas Investment Corporation. The group provides retail, corporate, and investment banking services, as well as leasing and other financial services.
70GF Score
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