What is MS&AD Insurance Group Holdings Graham Number?
MS&AD Insurance Group HoldingsMSADF -8.99%66 Graham Number is $39.68 as of Mar. 2026, which is 5912% above its 10-year median of 0.66. GuruFocus rates MSADF with a GF Score™ of 66/100 and a GF Value™ of $23.74 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 425 Insurance companies, MS&AD Insurance Group Holdings ranks better than 65.18% 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.
The historical rank and industry rank for MS&AD Insurance Group Holdings's Graham Number or its related term are showing as below:
MSADF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 0.66 Max: 1.12
Current: 0.68
During the past 13 years, the highest Price to Graham Number ratio of MS&AD Insurance Group Holdings was 1.12. The lowest was 0.52. And the median was 0.66.
MSADF's Price-to-Graham-Number is ranked better than 65.18% of 425
companies
in the Insurance industry
Industry Median: 0.95
vs MSADF: 0.68
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
MS&AD Insurance Group Holdings (OTCPK:MSADF) 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.
MS&AD Insurance Group Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
26.51
/
39.68
=
0.67
* 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.
MS&AD Insurance Group Holdings Graham Number Related Terms
MS&AD Insurance Group Holdings Graham Number Historical Data
* 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.
MS&AD Insurance Group Holdings Graham Number Chart
For the Insurance - Property & Casualty subindustry, MS&AD Insurance Group Holdings'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.
MS&AD Insurance Group Holdings Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, MS&AD Insurance Group Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where MS&AD Insurance Group Holdings'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.
MS&AD Insurance Group Holdings (MSADF) has a Graham Number of $39.68 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on MS&AD Insurance Group Holdings and its competitors. This is 5912% above median its historical median of 0.66. Over the past decade, MS&AD Insurance Group Holdings' Graham Number has ranged from 0.52 to 1.12. According to the industry distribution chart, MS&AD Insurance Group Holdings ranks #148 out of 425 companies in the Insurance industry, placing it in the top 34.8%.
Is MS&AD Insurance Group Holdings' Graham Number too high?
MS&AD Insurance Group Holdings' current Graham Number of $39.68 is 5912% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.12. The Insurance industry median Graham Number is 0.95. MS&AD Insurance Group Holdings' value of $39.68 is 4076.8% above this industry median. Based on the distribution chart, MS&AD Insurance Group Holdings ranks #148 out of 425 companies in the Insurance industry, which is above the industry midpoint. Overall, MS&AD Insurance Group Holdings has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MS&AD Insurance Group Holdings' Graham Number compare to CB and PGR?
According to the Insurance industry distribution chart, MS&AD Insurance Group Holdings ranks #148 out of 425 companies for Graham Number. This puts MS&AD Insurance Group Holdings in the upper half of its industry. The industry median Graham Number is 0.95. MS&AD Insurance Group Holdings' value of $39.68 is 4076.8% above this benchmark. Historically, MS&AD Insurance Group Holdings' own Graham Number has ranged from 0.52 to 1.12 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.95, MS&AD Insurance Group Holdings has consistently been above the industry average. 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 Insurance company?
The median Graham Number among Insurance companies is 0.95, based on 425 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. MS&AD Insurance Group Holdings's current Graham Number of $39.68 is 4076.8% above the industry median. 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 MS&AD Insurance Group Holdings and its competitors. For the Insurance industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MS&AD Insurance Group Holdings's current Graham Number is $39.68, which is 5912% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MS&AD Insurance Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, MS&AD Insurance Group Holdings (MSADF) is currently considered Modestly Overvalued. The stock's GF Value™ is $23.74, compared to a current price of $26.51 — trading 11.7% above its estimated fair value. The current Graham Number is $39.68, which is 5912% above median its 10-year median of 0.66 and 4076.8% above the Insurance industry median of 0.95. MS&AD Insurance Group Holdings' overall GF Score™ is 66/100 with 7 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 MS&AD Insurance Group Holdings (MSADF), the current Graham Number is $39.68 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 MS&AD Insurance Group Holdings (MSADF) Overvalued in 2026?
Based on GuruFocus' analysis, MS&AD Insurance Group Holdings stock appears to be overvalued.
The current stock price of $26.51 is trading 11.7% above its estimated GF Value™ of $23.74.
GuruFocus considers MS&AD Insurance Group Holdings to be Modestly Overvalued.
Key valuation signals for MSADF:
Graham Number: $39.68 (5912% above median its 10-year median of 0.66)
GF Value™: $23.74 vs. price of $26.51 (11.7% above fair value)
Industry Position: 4076.8% above the Insurance median (#148 of 425)
No single metric tells the full story. See the MSADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MS&AD Insurance Group Holdings Business Description
MS&AD is Japan's largest domestic property and casualty insurer by market share, trailing Tokio Marine HCC in global scale. Domestically, it maintains a solid second-tier life presence. Overseas, MS&AD holds a dominant, profitable retail footprint in the Association of Southeast Asian Nations and is aggressively pivoting to US specialty lines via a milestone investment in W.R. Berkley, supported by MS Amlin's successful turnaround in global specialty markets.Domestically, MS&AD leverages deep corporate ties with Mitsui and Sumitomo, alongside an exclusive Toyota partnership that provides unparalleled advantages in capturing auto insurance customers and building advanced telematics data funnels.
66GF Score
Get the complete analysis for MSADF
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