CPI FIM (LUX:ORCL) Graham Number: €1.52 (As of Mar. 2026) — 424% Above Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

LUX:ORCL CPI FIM SA LUX:ORCL
77 GF Score
Price €0.72
GF Value €1.01
Valuation Modestly Undervalued
! 8 Warning Signs
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What is CPI FIM Graham Number?

CPI FIM LUX:ORCL +1.42% 77 Graham Number is €1.52 as of Mar. 2026, which is 100% below its 10-year median of 0.29. GuruFocus rates LUX:ORCL with a GF Score™ of 77/100 and a GF Value™ of €1.01 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,169 Real Estate companies, CPI FIM ranks better than 75.36% 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 (2026-07-20), the stock price of CPI FIM is €0.715. CPI FIM's graham number for the quarter that ended in Mar. 2026 was €1.52. Therefore, CPI FIM's Price to Graham Number ratio for today is 0.47.

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

LUX:ORCL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.18   Med: 0.29   Max: 0.9
Current: 0.47

During the past 13 years, the highest Price to Graham Number ratio of CPI FIM was 0.90. The lowest was 0.18. And the median was 0.29.

LUX:ORCL's Price-to-Graham-Number is ranked better than
75.36% of 1169 companies
in the Real Estate industry
Industry Median: 0.75 vs LUX:ORCL: 0.47

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


CPI FIM  (LUX:ORCL) 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.

CPI FIM's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.715/1.52
=0.47

* 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.


CPI FIM Graham Number Related Terms


CPI FIM Graham Number Historical Data

* Premium members only.

The historical data trend for CPI FIM'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.

CPI FIM Graham Number Chart

CPI FIM 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 1.16 1.63 1.00 1.29 1.33

CPI FIM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 1.52 1.32 1.46 1.37 1.52

LUX:ORCL vs CBRE, BEKE, JLL: Graham Number Comparison

For the Real Estate Services subindustry, CPI FIM'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.


CPI FIM Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, CPI FIM's Price-to-Graham-Number distribution charts can be found below:

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


LUX:ORCL
77GF Score
CPI FIM SA LUX:ORCL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CPI FIM Graham Number Calculation

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

CPI FIM'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*1.19*0.066)
=1.33

CPI FIM'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*1.211*0.085)
=1.52

* 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 €1.52 mean?
CPI FIM (LUX:ORCL) has a Graham Number of €1.52 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on CPI FIM and its competitors. This is 424% above median its historical median of 0.29. Over the past decade, CPI FIM's Graham Number has ranged from 0.18 to 0.90. According to the industry distribution chart, CPI FIM ranks #288 out of 1169 companies in the Real Estate industry, placing it in the top 24.6%.
Is CPI FIM's Graham Number too high?
CPI FIM's current Graham Number of €1.52 is 424% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.90. Based on the distribution chart, CPI FIM ranks #288 out of 1169 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, CPI FIM has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CPI FIM's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, CPI FIM ranks #288 out of 1169 companies for Graham Number. This places CPI FIM in the top 25% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.75. Historically, CPI FIM's own Graham Number has ranged from 0.18 to 0.90 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.75, based on 1,169 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 CPI FIM and its competitors. For the Real Estate industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPI FIM's current Graham Number is €1.52, which is 424% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPI FIM stock overvalued right now?
Based on GuruFocus' analysis, CPI FIM (LUX:ORCL) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.01, compared to a current price of €0.72 — trading 29.2% below its estimated fair value. The current Graham Number is €1.52, which is 424% above median its 10-year median of 0.29. CPI FIM's overall GF Score™ is 77/100 with 8 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 CPI FIM (LUX:ORCL), the current Graham Number is €1.52 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 CPI FIM (LUX:ORCL) Overvalued in 2026?

Based on GuruFocus' analysis, CPI FIM stock appears to be undervalued. The current stock price of €0.72 is trading 29.2% below its estimated GF Value™ of €1.01. GuruFocus considers CPI FIM to be Modestly Undervalued.

Key valuation signals for LUX:ORCL:

  • Graham Number: €1.52 (424% above median its 10-year median of 0.29)
  • GF Value™: €1.01 vs. price of €0.72 (29.2% below fair value)
  • GF Score™: 77/100 with 8 warning signs

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


CPI FIM Business Description

Address 40, rue de la Vallee, Luxembourg, LUX, L-2661
CPI FIM SA is an investor, developer, and asset manager in the Central European real estate and hospitality market. It operates prominently in Central Europe. It is engaged in the financing of entities within the CPIPG Group and also holds and operates a property portfolio. The company is focused on long-term investments and real-estate leases, in the Central European region. It owns rental income-generating properties mainly in the office and retail segment but is also focused on an extensive portfolio of land plots in the Czech Republic.
77GF Score

Get the complete analysis for LUX:ORCL

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

€0.72
Price
€1.01
GF Value