Airtel Networks Zambia (LUS:ATEL) Graham Number: ZMWN/A (As of . 20)

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LUS:ATEL Airtel Networks Zambia PLC LUS:ATEL
38 GF Score
Price ZMW196.00
! 2 Warning Signs
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What is Airtel Networks Zambia Graham Number?

Airtel Networks Zambia LUS:ATEL 38 Graham Number is ZMWN/A as of . 20. GuruFocus rates LUS:ATEL with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 194 Telecommunication Services companies, Airtel Networks Zambia ranks worse than 515463.4% 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 (2026-08-06), the stock price of Airtel Networks Zambia is ZMW196.00. Airtel Networks Zambia's graham number for the quarter that ended in . 20 was ZMWN/A. Therefore, Airtel Networks Zambia's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for Airtel Networks Zambia's Graham Number or its related term are showing as below:

LUS:ATEL's Price-to-Graham-Number is not ranked *
in the Telecommunication Services industry.
Industry Median: 1.58
* 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.


Airtel Networks Zambia  (LUS:ATEL) 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.

Airtel Networks Zambia's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: . 20 )
=196.00/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.


Airtel Networks Zambia Graham Number Related Terms


Airtel Networks Zambia Graham Number Historical Data

* Premium members only.

The historical data trend for Airtel Networks Zambia'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.

Airtel Networks Zambia Graham Number Chart

Airtel Networks Zambia Annual Data
Trend
Graham Number

Airtel Networks Zambia Semi-Annual Data
Graham Number

LUS:ATEL vs : Graham Number Comparison

For the Telecom Services subindustry, Airtel Networks Zambia'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.


Airtel Networks Zambia Price-to-Graham-Number vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Airtel Networks Zambia's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Airtel Networks Zambia's Price-to-Graham-Number falls into.


LUS:ATEL
38GF Score
Airtel Networks Zambia PLC LUS:ATEL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Airtel Networks Zambia Graham Number Calculation

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

Airtel Networks Zambia's Graham Number for the fiscal year that ended in . 20 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5**)
=N/A

Airtel Networks Zambia's Graham Number for the quarter that ended in . 20 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5**)
=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 ZMWN/A mean?
Airtel Networks Zambia (LUS:ATEL) has a Graham Number of ZMWN/A as of . 20. The Graham Number values a company based on its per-share earnings and book value. View historical data on Airtel Networks Zambia and its competitors. According to the industry distribution chart, Airtel Networks Zambia ranks #999999 out of 194 companies in the Telecommunication Services industry.
Is Airtel Networks Zambia's Graham Number too high?
Airtel Networks Zambia's current Graham Number is ZMWN/A. Based on the distribution chart, Airtel Networks Zambia ranks #999999 out of 194 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Airtel Networks Zambia has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Airtel Networks Zambia's Graham Number compare to ?
According to the Telecommunication Services industry distribution chart, Airtel Networks Zambia ranks #999999 out of 194 companies for Graham Number. This places Airtel Networks Zambia in the lower half of its industry. The industry median Graham Number is 1.58. 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 Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.58, based on 194 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 Airtel Networks Zambia and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Networks Zambia's current Graham Number is ZMWN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Networks Zambia stock overvalued right now?
Airtel Networks Zambia (LUS:ATEL) has a current Graham Number of ZMWN/A. The current Graham Number is ZMWN/A. Airtel Networks Zambia's overall GF Score™ is 38/100 with 2 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 Airtel Networks Zambia (LUS:ATEL), the current Graham Number is ZMWN/A as of . 20. 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.

Airtel Networks Zambia Business Description

Comparable Companies
Address Corner of Addis Ababa Drive and Great East Road, Airtel House, P. O. Box 320001, Stand 2375, Lusaka, ZMB
Airtel Networks Zambia PLC is engaged in the provision of cellular radio telecommunication services. It operates in a single operating segment, being Zambia operations. The reportable operating segment derives its revenue from the sale of voice and data services to subscribers of the network and to foreign telephony operators when their subscribers utilise the Airtel Zambia network. Other revenue consists of connection and subscription charges and the sale of mobile handsets to customers. It provides postpaid, prepaid, international calling, and broadband recharge services.
38GF Score

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

ZMW196.00
Price