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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 Groupe Pizzorno Environnement's Graham Number or its related term are showing as below:
LTS:0ELP'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64 Med: 1.03 Max: 1.84
Current: 1.18
During the past 13 years, the highest Price to Graham Number ratio of Groupe Pizzorno Environnement was 1.84. The lowest was 0.64. And the median was 1.03.
LTS:0ELP's Price-to-Graham-Number is ranked better than 59.85% of 137
companies
in the Waste Management industry
Industry Median: 1.43
vs LTS:0ELP: 1.18
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Groupe Pizzorno Environnement (LTS:0ELP) 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.
Groupe Pizzorno Environnement's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
61.80
/
52.21
=
1.18
* 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.
Groupe Pizzorno Environnement Graham Number Related Terms
Groupe Pizzorno Environnement 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.
LTS:0ELP vs WM, RSG, WCN: Graham Number Comparison
For the Waste Management subindustry, Groupe Pizzorno Environnement'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.
Groupe Pizzorno Environnement Price-to-Graham-Number vs Waste Management Industry
For the Waste Management industry and Industrials sector, Groupe Pizzorno Environnement's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Groupe Pizzorno Environnement'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.
Groupe Pizzorno Environnement (LTS:0ELP) has a Graham Number of €52.21 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Groupe Pizzorno Environnement and its competitors. This is 4969% above median its historical median of 1.03. Over the past decade, Groupe Pizzorno Environnement's Graham Number has ranged from 0.64 to 1.84. According to the industry distribution chart, Groupe Pizzorno Environnement ranks #55 out of 137 companies in the Waste Management industry, placing it in the top 40.1%.
Is Groupe Pizzorno Environnement's Graham Number too high?
Groupe Pizzorno Environnement's current Graham Number of €52.21 is 4969% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.84. Based on the distribution chart, Groupe Pizzorno Environnement ranks #55 out of 137 companies in the Waste Management industry, which is above the industry midpoint. Overall, Groupe Pizzorno Environnement has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Groupe Pizzorno Environnement's Graham Number compare to WM and RSG?
According to the Waste Management industry distribution chart, Groupe Pizzorno Environnement ranks #55 out of 137 companies for Graham Number. This puts Groupe Pizzorno Environnement in the upper half of its industry. The industry median Graham Number is 1.43. Historically, Groupe Pizzorno Environnement's own Graham Number has ranged from 0.64 to 1.84 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 Waste Management company?
The median Graham Number among Waste Management companies is 1.43, based on 137 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 Groupe Pizzorno Environnement and its competitors. For the Waste Management industry, the median Graham Number is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Groupe Pizzorno Environnement's current Graham Number is €52.21, which is 4969% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Groupe Pizzorno Environnement stock overvalued right now?
Groupe Pizzorno Environnement (LTS:0ELP) has a current Graham Number of €52.21. The stock's GF Value™ is €65.42, compared to a current price of €61.80 — trading 5.5% below its estimated fair value. The current Graham Number is €52.21, which is 4969% above median its 10-year median of 1.03. Groupe Pizzorno Environnement's overall GF Score™ is 78/100 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 Groupe Pizzorno Environnement (LTS:0ELP), the current Graham Number is €52.21 as of Dec. 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 Groupe Pizzorno Environnement (LTS:0ELP) Overvalued in 2026?
Based on GuruFocus' analysis, Groupe Pizzorno Environnement stock appears to be undervalued.
The current stock price of €61.80 is trading 5.5% below its estimated GF Value™ of €65.42.
Key valuation signals for LTS:0ELP:
Graham Number: €52.21 (4969% above median its 10-year median of 1.03)
GF Value™: €65.42 vs. price of €61.80 (5.5% below fair value)
No single metric tells the full story. See the LTS:0ELP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Groupe Pizzorno Environnement is engaged in providing environmental services in France. It is involved in the collection, compaction, pressing, truck transportation, sorting, and treatment of household, commercial, and industrial waste. The company also provides sanitation services, including sewer and septic tank cleaning, and clean and dirty water system maintenance, as well as cisterns, basements, and other inundated sites pumping services; and industrial cleaning services for commercial spaces, malls, offices, public buildings.
78GF Score
Get the complete analysis for LTS:0ELP
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