Hagar hf (LTS:0Q52) Graham Number: kr57.19 (As of Feb. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:0Q52 Hagar hf LTS:0Q52
57 GF Score
Price kr119.00
GF Value kr90.10
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Hagar hf Graham Number?

Hagar hf LTS:0Q52 57 Graham Number is kr57.19 as of Feb. 2026. GuruFocus rates LTS:0Q52 with a GF Score™ of 57/100 and a GF Value™ of kr90.10 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 229 Retail - Defensive companies, Hagar hf ranks worse than 77.73% 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 (2026-08-29), the stock price of Hagar hf is kr119.00. Hagar hf's graham number for the quarter that ended in Feb. 2026 was kr57.19. Therefore, Hagar hf's Price to Graham Number ratio for today is 2.08.

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

LTS:0Q52' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.79   Med: 2.02   Max: 2.32
Current: 2.13

During the past 13 years, the highest Price to Graham Number ratio of Hagar hf was 2.32. The lowest was 1.79. And the median was 2.02.

LTS:0Q52's Price-to-Graham-Number is ranked worse than
77.73% of 229 companies
in the Retail - Defensive industry
Industry Median: 1.29 vs LTS:0Q52: 2.13

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


Hagar hf  (LTS:0Q52) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2026 )
=119.00/57.19
=2.08

* 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.


Hagar hf Graham Number Related Terms


Hagar hf Graham Number Historical Data

* Premium members only.

The historical data trend for Hagar hf'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.

Hagar hf Graham Number Chart

Hagar hf Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.70 32.67 38.84 53.80 57.19

Hagar hf Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 53.80 57.47 58.59 61.04 57.19

LTS:0Q52 vs KR, SFM, ACI: Graham Number Comparison

For the Grocery Stores subindustry, Hagar hf'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.


Hagar hf Price-to-Graham-Number vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Hagar hf's Price-to-Graham-Number distribution charts can be found below:

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


LTS:0Q52
57GF Score
Hagar hf LTS:0Q52
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hagar hf Graham Number Calculation

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

Hagar hf's Graham Number for the fiscal year that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*24.476*5.94)
=57.19

Hagar hf's Graham Number for the quarter that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*24.476*5.94)
=57.19

* 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 kr57.19 mean?
Hagar hf (LTS:0Q52) has a Graham Number of kr57.19 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hagar hf and its competitors. According to the industry distribution chart, Hagar hf ranks #178 out of 229 companies in the Retail - Defensive industry, placing it in the top 77.7%.
Is Hagar hf's Graham Number too high?
Hagar hf's current Graham Number is kr57.19. Based on the distribution chart, Hagar hf ranks #178 out of 229 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Hagar hf has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hagar hf's Graham Number compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Hagar hf ranks #178 out of 229 companies for Graham Number. This places Hagar hf in the lower half of its industry. The industry median Graham Number is 1.29. 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 Retail - Defensive company?
The median Graham Number among Retail - Defensive companies is 1.29, based on 229 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 Hagar hf and its competitors. For the Retail - Defensive industry, the median Graham Number is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hagar hf's current Graham Number is kr57.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hagar hf stock overvalued right now?
Based on GuruFocus' analysis, Hagar hf (LTS:0Q52) is currently considered Significantly Overvalued. The stock's GF Value™ is kr90.10, compared to a current price of kr119.00 — trading 32.1% above its estimated fair value. The current Graham Number is kr57.19. Hagar hf's overall GF Score™ is 57/100 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 Hagar hf (LTS:0Q52), the current Graham Number is kr57.19 as of Feb. 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 Hagar hf (LTS:0Q52) Overvalued in 2026?

Based on GuruFocus' analysis, Hagar hf stock appears to be overvalued. The current stock price of kr119.00 is trading 32.1% above its estimated GF Value™ of kr90.10. GuruFocus considers Hagar hf to be Significantly Overvalued.

Key valuation signals for LTS:0Q52:

  • Graham Number: kr57.19
  • GF Value™: kr90.10 vs. price of kr119.00 (32.1% above fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the LTS:0Q52 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hagar hf Business Description

Other Exchanges HAGA:Iceland
Address Holtavegur 10, Holtagaroam, Reykjavik, ISL, 104
Hagar hf is a retail company with operations in Iceland, the Faroe Islands, and the Netherlands, mainly in the grocery and fuel markets. It operates grocery stores, Olis service stations, OB stations, warehouses, one production facility, one online store with packaged food, one supply store, and one specialty store. The group's core business in Iceland is in the grocery and related warehouse sectors, as well as fuel sales. In the Faroe Islands, it operates the SMS retail company, which operates, among other things, various grocery stores, restaurants, and specialty stores. In the Netherlands, Hagar operates one online store with alcohol. The group's operating segments are stores and warehouses in Iceland, which generate maximum revenue, stores and warehouses in the Faroe Islands, and Olis.
57GF Score

Get the complete analysis for LTS:0Q52

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

kr119.00
Price
kr90.10
GF Value