Sharplink (MEX:SBET) Graham Number: MXNN/A (As of Jun. 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.

MEX:SBET Sharplink Inc MEX:SBET
25 GF Score
Price MXN110.00
GF Value MXN8.71
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sharplink Graham Number?

Sharplink MEX:SBET 25 Graham Number is MXNN/A as of Jun. 2026. GuruFocus rates MEX:SBET with a GF Score™ of 25/100 and a GF Value™ of MXN8.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 526 Capital Markets companies, Sharplink ranks worse than 190113.88% 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 (2026-08-14), the stock price of Sharplink is MXN110.00. Sharplink's graham number for the quarter that ended in Jun. 2026 was MXNN/A. Therefore, Sharplink's Price to Graham Number ratio for today is N/A.

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

MEX:SBET's Price-to-Graham-Number is not ranked *
in the Capital Markets industry.
Industry Median: 1.12
* 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.


Sharplink  (MEX:SBET) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=110.00/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.


Sharplink Graham Number Related Terms


Sharplink Graham Number Historical Data

* Premium members only.

The historical data trend for Sharplink'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.

Sharplink Graham Number Chart

Sharplink Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Sharplink Quarterly Data
Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.00 0.00 0.00 0.00

MEX:SBET vs PURR, OPY, PWP: Graham Number Comparison

For the Capital Markets subindustry, Sharplink'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.


Sharplink Price-to-Graham-Number vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sharplink's Price-to-Graham-Number distribution charts can be found below:

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


MEX:SBET
25GF Score
Sharplink Inc MEX:SBET
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sharplink Graham Number Calculation

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

Sharplink'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*1.686*-32.684)
=N/A

Sharplink'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*4.225*-77.026)
=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 MXNN/A mean?
Sharplink (MEX:SBET) has a Graham Number of MXNN/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sharplink and its competitors. According to the industry distribution chart, Sharplink ranks #999999 out of 526 companies in the Capital Markets industry.
Is Sharplink's Graham Number too high?
Sharplink's current Graham Number is MXNN/A. Based on the distribution chart, Sharplink ranks #999999 out of 526 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Sharplink has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sharplink's Graham Number compare to PURR and OPY?
According to the Capital Markets industry distribution chart, Sharplink ranks #999999 out of 526 companies for Graham Number. This places Sharplink in the lower half of its industry. The industry median Graham Number is 1.12. 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.12, based on 526 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 Sharplink and its competitors. For the Capital Markets industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sharplink's current Graham Number is MXNN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sharplink stock overvalued right now?
Based on GuruFocus' analysis, Sharplink (MEX:SBET) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN8.71, compared to a current price of MXN110.00 — trading 1162.9% above its estimated fair value. The current Graham Number is MXNN/A. Sharplink's overall GF Score™ is 25/100 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 Sharplink (MEX:SBET), the current Graham Number is MXNN/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 Sharplink (MEX:SBET) Overvalued in 2026?

Based on GuruFocus' analysis, Sharplink stock appears to be overvalued. The current stock price of MXN110.00 is trading 1162.9% above its estimated GF Value™ of MXN8.71. GuruFocus considers Sharplink to be Significantly Overvalued.

Key valuation signals for MEX:SBET:

  • Graham Number: MXNN/A
  • GF Value™: MXN8.71 vs. price of MXN110.00 (1162.9% above fair value)
  • GF Score™: 25/100 with 3 warning signs

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


Sharplink Business Description

Other Exchanges SBET:USA7710:Germany
Address 200 South Biscayne Boulevard, Miami, FL, USA, 33131
SharpLink Inc is one of those publicly traded companies to adopt ETH as its primary treasury reserve asset. This move reflects the Company's commitment to align corporate treasury with the future of programmable finance, digital capital markets, and decentralized infrastructure. The Company also operates an online affiliate marketing company that delivers different fan activation solutions to its sportsbook and online casino gaming partners. The company operates in two reportable segments: ETH Treasury Management and Affiliate Marketing. The majority of its revenue is generated from the ETH Treasury Management. Geographically, the company operates in the United States and the rest of the world.
25GF Score

Get the complete analysis for MEX:SBET

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

MXN110.00
Price
MXN8.71
GF Value