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.
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.
Vinext SpAMIL:VNXT +3.06%13 Graham Number is €1.02 as of Dec. 2025, which is 100% below its 10-year median of 2.65. GuruFocus rates MIL:VNXT with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 1,154 Chemicals companies, Vinext SpA ranks worse than 64.21% 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 (2026-07-27), the stock price of Vinext SpA is €2.02. Vinext SpA's graham number for the quarter that ended in Dec. 2025 was €1.02. Therefore, Vinext SpA's Price to Graham Number ratio for today is 1.99.
The historical rank and industry rank for Vinext SpA's Graham Number or its related term are showing as below:
MIL:VNXT'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.98 Med: 2.65 Max: 2.65
Current: 1.98
During the past 3 years, the highest Price to Graham Number ratio of Vinext SpA was 2.65. The lowest was 1.98. And the median was 2.65.
MIL:VNXT's Price-to-Graham-Number is ranked worse than 64.21% of 1154
companies
in the Chemicals industry
Industry Median: 1.445
vs MIL:VNXT: 1.98
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Vinext SpA (MIL:VNXT) 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.
Vinext SpA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.02
/
1.02
=
1.99
* 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.
Vinext SpA Graham Number Related Terms
Vinext SpA Graham Number Historical Data
* Premium members only.
The historical data trend for Vinext 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.
Vinext SpA Graham Number Chart
Vinext SpA Annual Data
Trend
Dec23
Dec24
Dec25
Graham Number
0.00
0.00
1.01
Vinext SpA Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Graham Number
0.00
0.00
0.00
1.13
1.02
MIL:VNXT vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, Vinext 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.
Vinext SpA Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Vinext SpA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Vinext 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.
Vinext SpA (MIL:VNXT) has a Graham Number of €1.02 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vinext SpA and its competitors. This is 62% below median its historical median of 2.65. Over the past decade, Vinext SpA's Graham Number has ranged from 1.98 to 2.65. According to the industry distribution chart, Vinext SpA ranks #741 out of 1154 companies in the Chemicals industry, placing it in the top 64.2%.
Is Vinext SpA's Graham Number too high?
Vinext SpA's current Graham Number of €1.02 is 62% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 2.65. Based on the distribution chart, Vinext SpA ranks #741 out of 1154 companies in the Chemicals industry, which is below the industry midpoint. Overall, Vinext SpA has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Vinext SpA's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vinext SpA ranks #741 out of 1154 companies for Graham Number. This places Vinext SpA in the lower half of its industry. The industry median Graham Number is 1.45. Historically, Vinext SpA's own Graham Number has ranged from 1.98 to 2.65 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.45, based on 1,154 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 Vinext SpA and its competitors. For the Chemicals industry, the median Graham Number is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinext SpA's current Graham Number is €1.02, which is 62% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinext SpA stock overvalued right now?
Vinext SpA (MIL:VNXT) has a current Graham Number of €1.02. The current Graham Number is €1.02, which is 62% below median its 10-year median of 2.65. Vinext SpA's overall GF Score™ is 13/100 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 Vinext SpA (MIL:VNXT), the current Graham Number is €1.02 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.
Vinext SpA is engaged in research, to provide solutions to the winemaking production chain , in terms of environmental impact, energy resources, water savings and management, and reduction of polluting emissions. It offers the agri-food sector solutions and customized consulting services for the recovery/reuse of process and washing water, the treatment of wastewater before discharge into the mains or surface water bodies, the sequestration and recovery of CO2 produced during processing, and the creation of soil improvers, fertilizers, and high-value natural compounds from production waste. The company's business units involve: Wine Products; Cleaning Sanitization, Ozone Engineering and Technology; and Agro.
13GF Score
Get the complete analysis for MIL:VNXT
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:VNXT has been successfully added to your 
