Eqva ASA (LTS:0QWR) Graham Number: krN/A (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:0QWR Eqva ASA LTS:0QWR
54 GF Score
Price kr3.10
GF Value kr5.85
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Eqva ASA Graham Number?

Eqva ASA LTS:0QWR -0.96% 54 Graham Number is krN/A as of Mar. 2026. GuruFocus rates LTS:0QWR with a GF Score™ of 54/100 and a GF Value™ of kr5.85 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 276 Utilities - Independent Power Producers companies, Eqva ASA ranks worse than 362318.48% 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 (2026-08-15), the stock price of Eqva ASA is kr3.10. Eqva ASA's graham number for the quarter that ended in Mar. 2026 was krN/A. Therefore, Eqva ASA's Price to Graham Number ratio for today is N/A.

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

During the past 13 years, the highest Price to Graham Number ratio of Eqva ASA was 38.46. The lowest was 0.10. And the median was 1.96.

LTS:0QWR's Price-to-Graham-Number is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.155
* Ranked among companies with meaningful Price-to-Graham-Number only.

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


Eqva ASA  (LTS:0QWR) 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.

Eqva ASA's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=3.10/N/A
=N/A

* 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.


Eqva ASA Graham Number Related Terms


Eqva ASA Graham Number Historical Data

* Premium members only.

The historical data trend for Eqva ASA'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.

Eqva ASA Graham Number Chart

Eqva ASA 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 33.15 0.00 0.00 0.96 0.00

Eqva ASA Quarterly Data
Jun20 Sep20 Dec20 Jun21 Dec21 Jun22 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 0.13 0.00 0.76 0.00 0.00

Eqva ASA Graham Number Competitor Comparison

For the Utilities - Renewable subindustry, Eqva ASA'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.


Eqva ASA Price-to-Graham-Number vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eqva ASA's Price-to-Graham-Number distribution charts can be found below:

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


LTS:0QWR
54GF Score
Eqva ASA LTS:0QWR
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eqva ASA Graham Number Calculation

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

Eqva ASA'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*-0.157*0.39)
=N/A

Eqva ASA'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*-0.214*0.05)
=N/A

* 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 krN/A mean?
Eqva ASA (LTS:0QWR) has a Graham Number of krN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Eqva ASA and its competitors. Over the past decade, Eqva ASA's Graham Number has ranged from 0.10 to 38.46. According to the industry distribution chart, Eqva ASA ranks #999999 out of 276 companies in the Utilities - Independent Power Producers industry.
Is Eqva ASA's Graham Number too high?
Eqva ASA's current Graham Number is krN/A. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 38.46. Based on the distribution chart, Eqva ASA ranks #999999 out of 276 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Eqva ASA has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eqva ASA's Graham Number compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Eqva ASA ranks #999999 out of 276 companies for Graham Number. This places Eqva ASA in the lower half of its industry. The industry median Graham Number is 1.16. Historically, Eqva ASA's own Graham Number has ranged from 0.10 to 38.46 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 an Utilities - Independent Power Producers company?
The median Graham Number among Utilities - Independent Power Producers companies is 1.16, based on 276 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 Eqva ASA and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eqva ASA's current Graham Number is krN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eqva ASA stock overvalued right now?
Based on GuruFocus' analysis, Eqva ASA (LTS:0QWR) is currently considered Significantly Undervalued. The stock's GF Value™ is kr5.85, compared to a current price of kr3.10 — trading 47% below its estimated fair value. The current Graham Number is krN/A. Eqva ASA's overall GF Score™ is 54/100 with 3 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 Eqva ASA (LTS:0QWR), the current Graham Number is krN/A 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 Eqva ASA (LTS:0QWR) Overvalued in 2026?

Based on GuruFocus' analysis, Eqva ASA stock appears to be undervalued. The current stock price of kr3.10 is trading 47% below its estimated GF Value™ of kr5.85. GuruFocus considers Eqva ASA to be Significantly Undervalued.

Key valuation signals for LTS:0QWR:

  • Graham Number: krN/A
  • GF Value™: kr5.85 vs. price of kr3.10 (47% below fair value)
  • GF Score™: 54/100 with 3 warning signs

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


Eqva ASA Business Description

Address Handelandsvegen 75, Valen, NOR, 5451
Eqva ASA is a Norway-based industrial investment company that acquires and develops companies providing productive, safe, and sustainable services and solutions to industrial customers. The Group operates through three main business segments: Industrial Solutions, Renewables, and Real Estate. The Industrial Solutions segment, which generates the majority of revenue, provides mechanical and electrical industrial services through companies including BKS Group, IMTAS Group, Austevoll Rorteknikk, and Kvinnherad Elektro. The Renewables segment develops and operates small-scale hydropower plants in Norway through Fossberg Kraft. The Real Estate segment includes the Group's real estate properties and development plans.
54GF Score

Get the complete analysis for LTS:0QWR

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

kr3.10
Price
kr5.85
GF Value