Redelfi SpAMIL:RDF +1.80%46 Graham Number is €3.71 as of Dec. 2025, which is 100% below its 10-year median of 3.74. GuruFocus rates MIL:RDF with a GF Score™ of 46/100 and a GF Value™ of €2.22 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 272 Utilities - Independent Power Producers companies, Redelfi SpA ranks worse than 86.03% 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 (2026-07-06), the stock price of Redelfi SpA is €11.30. Redelfi SpA's graham number for the quarter that ended in Dec. 2025 was €3.71. Therefore, Redelfi SpA's Price to Graham Number ratio for today is 3.05.
The historical rank and industry rank for Redelfi SpA's Graham Number or its related term are showing as below:
MIL:RDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.43 Med: 3.74 Max: 6.41
Current: 3.05
During the past 5 years, the highest Price to Graham Number ratio of Redelfi SpA was 6.41. The lowest was 1.43. And the median was 3.74.
MIL:RDF's Price-to-Graham-Number is ranked worse than 86.03% of 272
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13
vs MIL:RDF: 3.05
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Redelfi SpA (MIL:RDF) 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.
Redelfi SpA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
11.30
/
3.71
=
3.05
* 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.
Redelfi SpA Graham Number Related Terms
Redelfi SpA Graham Number Historical Data
* Premium members only.
The historical data trend for Redelfi SpA'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.
For the Utilities - Renewable subindustry, Redelfi SpA'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.
Redelfi SpA Price-to-Graham-Number vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Redelfi SpA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Redelfi SpA'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.
Redelfi SpA (MIL:RDF) has a Graham Number of €3.71 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Redelfi SpA and its competitors. This is near median its historical median of 3.74. Over the past decade, Redelfi SpA's Graham Number has ranged from 1.43 to 6.41. According to the industry distribution chart, Redelfi SpA ranks #234 out of 272 companies in the Utilities - Independent Power Producers industry, placing it in the top 86%.
Is Redelfi SpA's Graham Number too high?
Redelfi SpA's current Graham Number of €3.71 is near median its 10-year median of 3.74. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 6.41. Based on the distribution chart, Redelfi SpA ranks #234 out of 272 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Redelfi SpA has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redelfi SpA's Graham Number compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Redelfi SpA ranks #234 out of 272 companies for Graham Number. This places Redelfi SpA in the lower half of its industry. The industry median Graham Number is 1.13. Historically, Redelfi SpA's own Graham Number has ranged from 1.43 to 6.41 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 an Utilities - Independent Power Producers company?
The median Graham Number among Utilities - Independent Power Producers companies is 1.13, based on 272 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 Redelfi SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redelfi SpA's current Graham Number is €3.71, which is near median its own 10-year median of 3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redelfi SpA stock overvalued right now?
Based on GuruFocus' analysis, Redelfi SpA (MIL:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.22, compared to a current price of €11.30 — trading 409% above its estimated fair value. The current Graham Number is €3.71, which is near median its 10-year median of 3.74. Redelfi SpA's overall GF Score™ is 46/100 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 Redelfi SpA (MIL:RDF), the current Graham Number is €3.71 as of Dec. 2025. 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 Redelfi SpA (MIL:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redelfi SpA stock appears to be overvalued.
The current stock price of €11.30 is trading 409% above its estimated GF Value™ of €2.22.
GuruFocus considers Redelfi SpA to be Significantly Overvalued.
Key valuation signals for MIL:RDF:
Graham Number: €3.71 (near median its 10-year median of 3.74)
GF Value™: €2.22 vs. price of €11.30 (409% above fair value)
No single metric tells the full story. See the MIL:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redelfi SpA operates as an industrial ESG management company. It specializes in the deployment of technological solutions related to the digital and ecological transition. The company's different business units are; Green which is engaged in the installation of renewable energy infrastructures (solar, wind, and hydroelectric), solar parks, mini hydroelectric power plants, energy storage parks, etc; MarTech which is oriented towards product and process innovation related to the IT market; and GreenTech which is engaged in the development of digital solutions (blockchain, crypto-currencies, etc.) for environmental projects such as reduction of CO2 emissions, fight against climate change, reforestation, etc.
46GF Score
Get the complete analysis for MIL:RDF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:RDF has been successfully added to your 
