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Oscar HealthMIL:1OSCR 59 Graham Number is €19.50 as of Jun. 2026, which is 100% below its 10-year median of 1.27. GuruFocus rates MIL:1OSCR with a GF Score™ of 59/100 and a GF Value™ of €18.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 12 Healthcare Plans companies, Oscar Health ranks better than 66.67% 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 (2026-08-20), the stock price of Oscar Health is €24.80. Oscar Health's graham number for the quarter that ended in Jun. 2026 was €19.50. Therefore, Oscar Health's Price to Graham Number ratio for today is 1.27.
The historical rank and industry rank for Oscar Health's Graham Number or its related term are showing as below:
MIL:1OSCR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85 Med: 1.27 Max: 2.57
Current: 1.44
During the past 7 years, the highest Price to Graham Number ratio of Oscar Health was 2.57. The lowest was 0.85. And the median was 1.27.
MIL:1OSCR's Price-to-Graham-Number is ranked better than 66.67% of 12
companies
in the Healthcare Plans industry
Industry Median: 1.825
vs MIL:1OSCR: 1.44
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Oscar Health (MIL:1OSCR) 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.
Oscar Health's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
24.80
/
19.50
=
1.27
* 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.
Oscar Health Graham Number Related Terms
Oscar Health Graham Number Historical Data
* Premium members only.
The historical data trend for Oscar Health'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.
MIL:1OSCR vs MOH, ALHC, PGNY: Graham Number Comparison
For the Healthcare Plans subindustry, Oscar Health'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.
Oscar Health Price-to-Graham-Number vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Oscar Health's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Oscar Health'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.
Oscar Health (MIL:1OSCR) has a Graham Number of €19.50 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Oscar Health and its competitors. This is 1435% above median its historical median of 1.27. Over the past decade, Oscar Health's Graham Number has ranged from 0.85 to 2.57. According to the industry distribution chart, Oscar Health ranks #4 out of 12 companies in the Healthcare Plans industry, placing it in the top 33.3%.
Is Oscar Health's Graham Number too high?
Oscar Health's current Graham Number of €19.50 is 1435% above median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.57. Based on the distribution chart, Oscar Health ranks #4 out of 12 companies in the Healthcare Plans industry, which is above the industry midpoint. Overall, Oscar Health has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oscar Health's Graham Number compare to MOH and ALHC?
According to the Healthcare Plans industry distribution chart, Oscar Health ranks #4 out of 12 companies for Graham Number. This puts Oscar Health in the upper half of its industry. The industry median Graham Number is 1.83. Historically, Oscar Health's own Graham Number has ranged from 0.85 to 2.57 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 Healthcare Plans company?
The median Graham Number among Healthcare Plans companies is 1.83, based on 12 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 Oscar Health and its competitors. For the Healthcare Plans industry, the median Graham Number is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oscar Health's current Graham Number is €19.50, which is 1435% above median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oscar Health stock overvalued right now?
Based on GuruFocus' analysis, Oscar Health (MIL:1OSCR) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.28, compared to a current price of €24.80 — trading 35.7% above its estimated fair value. The current Graham Number is €19.50, which is 1435% above median its 10-year median of 1.27. Oscar Health's overall GF Score™ is 59/100 with 4 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 Oscar Health (MIL:1OSCR), the current Graham Number is €19.50 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 Oscar Health (MIL:1OSCR) Overvalued in 2026?
Based on GuruFocus' analysis, Oscar Health stock appears to be overvalued.
The current stock price of €24.80 is trading 35.7% above its estimated GF Value™ of €18.28.
GuruFocus considers Oscar Health to be Significantly Overvalued.
Key valuation signals for MIL:1OSCR:
Graham Number: €19.50 (1435% above median its 10-year median of 1.27)
GF Value™: €18.28 vs. price of €24.80 (35.7% above fair value)
No single metric tells the full story. See the MIL:1OSCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oscar Health Inc is a healthcare technology company built around a full stack technology platform and a relentless focus on serving its members. It offers Individual & Family plans and health technology solutions that power the healthcare industry. Oscar operates as one segment to sell insurance to individuals, families and employees through the federal and state-run healthcare exchanges formed in conjunction with the Patient Protection and Affordable Care Act (ACA) and leverages its technology platform to provide services via its Oscar offering.
59GF Score
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