Ambuja Cements (LUX:AMCEM) Graham Number: $N/A (As of Jun. 2026)

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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.
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Charlie Tian
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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.

LUX:AMCEM Ambuja Cements Ltd LUX:AMCEM
91 GF Score
Price $4.20
GF Value $6.83
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ambuja Cements Graham Number?

Ambuja Cements LUX:AMCEM 91 Graham Number is $N/A as of Jun. 2026. GuruFocus rates LUX:AMCEM with a GF Score™ of 91/100 and a GF Value™ of $6.83 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 286 Building Materials companies, Ambuja Cements ranks worse than 70.63% 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 (2026-08-07), the stock price of Ambuja Cements is $4.20. Ambuja Cements's graham number for the quarter that ended in Jun. 2026 was $N/A. Therefore, Ambuja Cements's Price to Graham Number ratio for today is N/A.

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

LUX:AMCEM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.41   Med: 2.12   Max: 3.3
Current: 1.53

During the past 13 years, the highest Price to Graham Number ratio of Ambuja Cements was 3.30. The lowest was 1.41. And the median was 2.12.

LUX:AMCEM's Price-to-Graham-Number is ranked worse than
70.63% of 286 companies
in the Building Materials industry
Industry Median: 1 vs LUX:AMCEM: 1.53

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


Ambuja Cements  (LUX:AMCEM) 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.

Ambuja Cements's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=4.20/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.


Ambuja Cements Graham Number Related Terms


Ambuja Cements Graham Number Historical Data

* Premium members only.

The historical data trend for Ambuja Cements'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.

Ambuja Cements Graham Number Chart

Ambuja Cements Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.95 2.23 2.60 2.93 3.05

Ambuja Cements Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 3.07 0.00 3.10 0.00

LUX:AMCEM vs CRH, VMC, MLM: Graham Number Comparison

For the Building Materials subindustry, Ambuja Cements'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.


Ambuja Cements Price-to-Graham-Number vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ambuja Cements's Price-to-Graham-Number distribution charts can be found below:

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


LUX:AMCEM
91GF Score
Ambuja Cements Ltd LUX:AMCEM
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambuja Cements Graham Number Calculation

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

Ambuja Cements's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.947*0.212)
=3.05

Ambuja Cements's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0*0.205)
=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 $N/A mean?
Ambuja Cements (LUX:AMCEM) has a Graham Number of $N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ambuja Cements and its competitors. Over the past decade, Ambuja Cements' Graham Number has ranged from 1.41 to 3.30. According to the industry distribution chart, Ambuja Cements ranks #202 out of 286 companies in the Building Materials industry, placing it in the top 70.6%.
Is Ambuja Cements' Graham Number too high?
Ambuja Cements' current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 3.30. Based on the distribution chart, Ambuja Cements ranks #202 out of 286 companies in the Building Materials industry, which is below the industry midpoint. Overall, Ambuja Cements has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ambuja Cements' Graham Number compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ambuja Cements ranks #202 out of 286 companies for Graham Number. This places Ambuja Cements in the lower half of its industry. The industry median Graham Number is 1.00. Historically, Ambuja Cements' own Graham Number has ranged from 1.41 to 3.30 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 Building Materials company?
The median Graham Number among Building Materials companies is 1.00, based on 286 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 Ambuja Cements and its competitors. For the Building Materials industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambuja Cements's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambuja Cements stock overvalued right now?
Based on GuruFocus' analysis, Ambuja Cements (LUX:AMCEM) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.83, compared to a current price of $4.20 — trading 38.5% below its estimated fair value. The current Graham Number is $N/A. Ambuja Cements' overall GF Score™ is 91/100 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 Ambuja Cements (LUX:AMCEM), the current Graham Number is $N/A as of Jun. 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 Ambuja Cements (LUX:AMCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Ambuja Cements stock appears to be undervalued. The current stock price of $4.20 is trading 38.5% below its estimated GF Value™ of $6.83. GuruFocus considers Ambuja Cements to be Significantly Undervalued.

Key valuation signals for LUX:AMCEM:

  • Graham Number: $N/A
  • GF Value™: $6.83 vs. price of $4.20 (38.5% below fair value)
  • GF Score™: 91/100 with 5 warning signs

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


Ambuja Cements Business Description

Other Exchanges AMBUJACEM:India500425:India
Address Shantigram, S.G. Highway, Adani Corporate House, Near Vaishno Devi Circle, Khodiyar, Ahemdabad, GJ, IND, 382421
Ambuja Cements Ltd is engaged in the manufacture and sale of cement, intermediary products, and cement-related products. The Company operates multiple cement manufacturing plants located at various locations and markets cement and cement-related products. Its product portfolio includes Ambuja Kawach, Ambuja Plus, Ambuja Compocem, Ambuja Cement, Ambuja Cool Walls, Purasand for Concrete & Plaster, and others. The Company generates revenue from within India.
91GF Score

Get the complete analysis for LUX:AMCEM

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

$4.20
Price
$6.83
GF Value