Pieno zvaigzdes AB (LTS:0NHM) Graham Number: €1.81 (As of Mar. 2026) — 66% Above Median

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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:0NHM Pieno zvaigzdes AB LTS:0NHM
63 GF Score
Price €3.56
GF Value €3.25
! 5 Warning Signs
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What is Pieno zvaigzdes AB Graham Number?

Pieno zvaigzdes AB LTS:0NHM 63 Graham Number is €1.81 as of Mar. 2026, which is 100% below its 10-year median of 1.09. GuruFocus rates LTS:0NHM with a GF Score™ of 63/100 and a GF Value™ of €3.25. The stock has 5 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, Pieno zvaigzdes AB ranks better than 57.55% 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 (2026-08-05), the stock price of Pieno zvaigzdes AB is €3.56. Pieno zvaigzdes AB's graham number for the quarter that ended in Mar. 2026 was €1.81. Therefore, Pieno zvaigzdes AB's Price to Graham Number ratio for today is 1.97.

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

LTS:0NHM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.58   Med: 1.09   Max: 2.72
Current: 0.98

During the past 13 years, the highest Price to Graham Number ratio of Pieno zvaigzdes AB was 2.72. The lowest was 0.58. And the median was 1.09.

LTS:0NHM's Price-to-Graham-Number is ranked better than
57.55% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.09 vs LTS:0NHM: 0.98

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


Pieno zvaigzdes AB  (LTS:0NHM) 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.

Pieno zvaigzdes AB's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=3.56/1.81
=1.97

* 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.


Pieno zvaigzdes AB Graham Number Related Terms


Pieno zvaigzdes AB Graham Number Historical Data

* Premium members only.

The historical data trend for Pieno zvaigzdes AB'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.

Pieno zvaigzdes AB Graham Number Chart

Pieno zvaigzdes AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.00 2.31 2.11 1.39

Pieno zvaigzdes AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.95 1.64 1.40 1.38 1.81

LTS:0NHM vs KHC, GIS, HRL: Graham Number Comparison

For the Packaged Foods subindustry, Pieno zvaigzdes AB'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.


Pieno zvaigzdes AB Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pieno zvaigzdes AB's Price-to-Graham-Number distribution charts can be found below:

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


LTS:0NHM
63GF Score
Pieno zvaigzdes AB LTS:0NHM
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pieno zvaigzdes AB Graham Number Calculation

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

Pieno zvaigzdes AB'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*0.845*0.102)
=1.39

Pieno zvaigzdes AB's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.91*0.16)
=1.81

* 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 €1.81 mean?
Pieno zvaigzdes AB (LTS:0NHM) has a Graham Number of €1.81 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Pieno zvaigzdes AB and its competitors. This is 66% above median its historical median of 1.09. Over the past decade, Pieno zvaigzdes AB's Graham Number has ranged from 0.58 to 2.72. According to the industry distribution chart, Pieno zvaigzdes AB ranks #588 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 42.5%.
Is Pieno zvaigzdes AB's Graham Number too high?
Pieno zvaigzdes AB's current Graham Number of €1.81 is 66% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.72. Based on the distribution chart, Pieno zvaigzdes AB ranks #588 out of 1385 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Pieno zvaigzdes AB has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Pieno zvaigzdes AB's Graham Number compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Pieno zvaigzdes AB ranks #588 out of 1385 companies for Graham Number. This puts Pieno zvaigzdes AB in the upper half of its industry. The industry median Graham Number is 1.09. Historically, Pieno zvaigzdes AB's own Graham Number has ranged from 0.58 to 2.72 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.09, based on 1,385 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 Pieno zvaigzdes AB and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pieno zvaigzdes AB's current Graham Number is €1.81, which is 66% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pieno zvaigzdes AB stock overvalued right now?
Pieno zvaigzdes AB (LTS:0NHM) has a current Graham Number of €1.81. The stock's GF Value™ is €3.25, compared to a current price of €3.56 — trading 9.5% above its estimated fair value. The current Graham Number is €1.81, which is 66% above median its 10-year median of 1.09. Pieno zvaigzdes AB's overall GF Score™ is 63/100 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 Pieno zvaigzdes AB (LTS:0NHM), the current Graham Number is €1.81 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 Pieno zvaigzdes AB (LTS:0NHM) Overvalued in 2026?

Based on GuruFocus' analysis, Pieno zvaigzdes AB stock appears to be overvalued. The current stock price of €3.56 is trading 9.5% above its estimated GF Value™ of €3.25.

Key valuation signals for LTS:0NHM:

  • Graham Number: €1.81 (66% above median its 10-year median of 1.09)
  • GF Value™: €3.25 vs. price of €3.56 (9.5% above fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Pieno zvaigzdes AB Business Description

Other Exchanges PZV1L:Lithuania
Address Perkunkiemio Street 3, Vilnius, LTU, 12127
Pieno zvaigzdes AB is engaged in the production and sales of dairy products to retail stores directly and through distributors. The company's reportable segments are cheese, dry dairy products, ice cream, and fresh dairy products. It derives a majority of its revenue from fresh dairy products. Some of its product categories include mozzarella, cultured buttermilk, greek-style yogurt, sour cream, kefir, fermented cheese, grain curd, and others. Geographically, it has a presence in Lithuania, Italy, Germany, Latvia, Great Britain, the USA, Indonesia, Israel, and other countries. The majority of the company's revenue is generated from Lithuania, and also has its presence in Poland, Latvia, Estonia, Germany, Netherlands, Ireland, Great Britain, USA, Indonesia, Uzbekistan, Israel, and others.
63GF Score

Get the complete analysis for LTS:0NHM

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

€3.56
Price
€3.25
GF Value