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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.
As of today (2026-09-15), the stock price of Skarbiec Holding is zł29.01. Skarbiec Holding's graham number for the quarter that ended in Mar. 2026 was zł109.16. Therefore, Skarbiec Holding's Price to Graham Number ratio for today is 0.82.
The historical rank and industry rank for Skarbiec Holding's Graham Number or its related term are showing as below:
LTS:0R4C'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.44 Med: 0.63 Max: 1.32
Current: 0.95
During the past 9 years, the highest Price to Graham Number ratio of Skarbiec Holding was 1.32. The lowest was 0.44. And the median was 0.63.
LTS:0R4C's Price-to-Graham-Number is ranked worse than 68.35% of 1150
companies
in the Asset Management industry
Industry Median: 0.67
vs LTS:0R4C: 0.95
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Skarbiec Holding (LTS:0R4C) 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.
Skarbiec Holding's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
29.01
/
35.57
=
0.82
* 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.
Skarbiec Holding Graham Number Related Terms
Skarbiec Holding Graham Number Historical Data
* Premium members only.
The historical data trend for Skarbiec Holding'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.
LTS:0R4C vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, Skarbiec Holding'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.
Skarbiec Holding Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Skarbiec Holding's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Skarbiec Holding'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.
Skarbiec Holding (LTS:0R4C) has a Graham Number of zł109.16 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Skarbiec Holding and its competitors. According to the industry distribution chart, Skarbiec Holding ranks #786 out of 1150 companies in the Asset Management industry, placing it in the top 68.3%.
Is Skarbiec Holding's Graham Number too high?
Skarbiec Holding's current Graham Number is zł109.16. Based on the distribution chart, Skarbiec Holding ranks #786 out of 1150 companies in the Asset Management industry, which is below the industry midpoint. Overall, Skarbiec Holding has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Skarbiec Holding's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Skarbiec Holding ranks #786 out of 1150 companies for Graham Number. This places Skarbiec Holding in the lower half of its industry. The industry median Graham Number is 0.67. 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.67, based on 1,150 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 Skarbiec Holding and its competitors. For the Asset Management industry, the median Graham Number is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skarbiec Holding's current Graham Number is zł109.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skarbiec Holding stock overvalued right now?
Skarbiec Holding (LTS:0R4C) has a current Graham Number of zł109.16. The stock's GF Value™ is zł26.31, compared to a current price of zł29.01 — trading 10.3% above its estimated fair value. The current Graham Number is zł109.16. Skarbiec Holding's overall GF Score™ is 74/100 with 7 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 Skarbiec Holding (LTS:0R4C), the current Graham Number is zł109.16 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 Skarbiec Holding (LTS:0R4C) Overvalued in 2026?
Based on GuruFocus' analysis, Skarbiec Holding stock appears to be overvalued.
The current stock price of zł29.01 is trading 10.3% above its estimated GF Value™ of zł26.31.
Key valuation signals for LTS:0R4C:
Graham Number: zł109.16
GF Value™: zł26.31 vs. price of zł29.01 (10.3% above fair value)
No single metric tells the full story. See the LTS:0R4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skarbiec Holding SA is an investment fund company on the Polish market. The company manages investment funds and portfolios, observing the rules of investment risk reduction.
74GF Score
Get the complete analysis for LTS:0R4C
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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