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Wereldhave BelgiumLTS:0N2C -0.38%80 Graham Number is €85.97 as of Jun. 2026, which is 100% below its 10-year median of 0.62. GuruFocus rates LTS:0N2C with a GF Score™ of 80/100 and a GF Value™ of €48.85 (Fairly Valued). The stock has 11 warning signs investors should review. Among 733 REITs companies, Wereldhave Belgium ranks better than 65.35% 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 (2026-08-14), the stock price of Wereldhave Belgium is €52.80. Wereldhave Belgium's graham number for the quarter that ended in Jun. 2026 was €85.97. Therefore, Wereldhave Belgium's Price to Graham Number ratio for today is 0.61.
The historical rank and industry rank for Wereldhave Belgium's Graham Number or its related term are showing as below:
LTS:0N2C'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34 Med: 0.62 Max: 1.07
Current: 0.61
During the past 13 years, the highest Price to Graham Number ratio of Wereldhave Belgium was 1.07. The lowest was 0.34. And the median was 0.62.
LTS:0N2C's Price-to-Graham-Number is ranked better than 65.35% of 733
companies
in the REITs industry
Industry Median: 0.73
vs LTS:0N2C: 0.61
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Wereldhave Belgium (LTS:0N2C) 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.
Wereldhave Belgium's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
52.80
/
85.97
=
0.61
* 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.
Wereldhave Belgium Graham Number Related Terms
Wereldhave Belgium Graham Number Historical Data
* Premium members only.
The historical data trend for Wereldhave Belgium'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.
For the REIT - Retail subindustry, Wereldhave Belgium'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.
Wereldhave Belgium Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Wereldhave Belgium's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Wereldhave Belgium'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.
Wereldhave Belgium (LTS:0N2C) has a Graham Number of €85.97 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Wereldhave Belgium and its competitors. This is 13766% above median its historical median of 0.62. Over the past decade, Wereldhave Belgium's Graham Number has ranged from 0.34 to 1.07. According to the industry distribution chart, Wereldhave Belgium ranks #254 out of 733 companies in the REITs industry, placing it in the top 34.7%.
Is Wereldhave Belgium's Graham Number too high?
Wereldhave Belgium's current Graham Number of €85.97 is 13766% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.07. Based on the distribution chart, Wereldhave Belgium ranks #254 out of 733 companies in the REITs industry, which is above the industry midpoint. Overall, Wereldhave Belgium has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wereldhave Belgium's Graham Number compare to SPG and O?
According to the REITs industry distribution chart, Wereldhave Belgium ranks #254 out of 733 companies for Graham Number. This puts Wereldhave Belgium in the upper half of its industry. The industry median Graham Number is 0.73. Historically, Wereldhave Belgium's own Graham Number has ranged from 0.34 to 1.07 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 REITs company?
The median Graham Number among REITs companies is 0.73, based on 733 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 Wereldhave Belgium and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wereldhave Belgium's current Graham Number is €85.97, which is 13766% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wereldhave Belgium stock overvalued right now?
Based on GuruFocus' analysis, Wereldhave Belgium (LTS:0N2C) is currently considered Fairly Valued. The stock's GF Value™ is €48.85, compared to a current price of €52.80 — trading 8.1% above its estimated fair value. The current Graham Number is €85.97, which is 13766% above median its 10-year median of 0.62. Wereldhave Belgium's overall GF Score™ is 80/100 with 11 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 Wereldhave Belgium (LTS:0N2C), the current Graham Number is €85.97 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 Wereldhave Belgium (LTS:0N2C) Overvalued in 2026?
Based on GuruFocus' analysis, Wereldhave Belgium stock appears to be overvalued.
The current stock price of €52.80 is trading 8.1% above its estimated GF Value™ of €48.85.
GuruFocus considers Wereldhave Belgium to be Fairly Valued.
Key valuation signals for LTS:0N2C:
Graham Number: €85.97 (13766% above median its 10-year median of 0.62)
GF Value™: €48.85 vs. price of €52.80 (8.1% above fair value)
No single metric tells the full story. See the LTS:0N2C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wereldhave Belgium is a publicly-regulated real estate company with a focus on commercial property and operating in Belgium. Wereldhave Belgium targets shopping centers as new investments. Its operational shopping center portfolio includes locations in Liege, Nivelles, Tournai, Ghent, Genk, Waterloo, and Kortrijk. The company also owns office properties in Brussels, Vilvoorde, and Antwerp. The company's focus is to create value through both active management and redevelopment, with tactics that include maintaining contact with lessees to acquire up-to-date market information. The company has two segments: offices and retail.
80GF Score
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