Oman Reit Fund (MUS:OMRF) Graham Number: ر.ع0.15 (As of Dec. 2025)

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.
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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.

MUS:OMRF Oman Reit Fund MUS:OMRF
7 GF Score
Price ر.ع0.11
GF Value ر.ع0.09
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Oman Reit Fund Graham Number?

Oman Reit Fund MUS:OMRF -0.93% 7 Graham Number is ر.ع0.15 as of Dec. 2025. GuruFocus rates MUS:OMRF with a GF Score™ of 7/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 730 REITs companies, Oman Reit Fund ranks better than 52.74% 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 (2026-08-13), the stock price of Oman Reit Fund is ر.ع0.107. Oman Reit Fund's graham number for the quarter that ended in Dec. 2025 was ر.ع0.15. Therefore, Oman Reit Fund's Price to Graham Number ratio for today is 0.90.

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

MUS:OMRF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.71   Med: 0.77   Max: 0.89
Current: 0.71

During the past 5 years, the highest Price to Graham Number ratio of Oman Reit Fund was 0.89. The lowest was 0.71. And the median was 0.77.

MUS:OMRF's Price-to-Graham-Number is ranked better than
52.74% of 730 companies
in the REITs industry
Industry Median: 0.73 vs MUS:OMRF: 0.71

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Oman Reit Fund  (MUS:OMRF) 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.

Oman Reit Fund's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.107/0.12
=0.90

* 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.


Oman Reit Fund Graham Number Related Terms


Oman Reit Fund Graham Number Historical Data

* Premium members only.

The historical data trend for Oman Reit Fund'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.

Oman Reit Fund Graham Number Chart

Oman Reit Fund Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
0.09 0.10 0.11 0.11 0.12

Oman Reit Fund Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 0.12 0.12 0.13 0.14 0.15

MUS:OMRF vs VICI, WPC, BNL: Graham Number Comparison

For the REIT - Diversified subindustry, Oman Reit Fund'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.


Oman Reit Fund Price-to-Graham-Number vs REITs Industry

For the REITs industry and Real Estate sector, Oman Reit Fund's Price-to-Graham-Number distribution charts can be found below:

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


MUS:OMRF
7GF Score
Oman Reit Fund MUS:OMRF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oman Reit Fund Graham Number Calculation

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

Oman Reit Fund'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*0.105*0.006)
=0.12

Oman Reit Fund's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.105*0.006)
=0.12

* 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 ر.ع0.15 mean?
Oman Reit Fund (MUS:OMRF) has a Graham Number of ر.ع0.15 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Oman Reit Fund and its competitors. Over the past decade, Oman Reit Fund's Graham Number has ranged from 0.71 to 0.89. According to the industry distribution chart, Oman Reit Fund ranks #345 out of 730 companies in the REITs industry, placing it in the top 47.3%.
Is Oman Reit Fund's Graham Number too high?
Oman Reit Fund's current Graham Number is ر.ع0.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 0.89. Based on the distribution chart, Oman Reit Fund ranks #345 out of 730 companies in the REITs industry, which is above the industry midpoint. Overall, Oman Reit Fund has a GF Score™ of 7/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oman Reit Fund's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Oman Reit Fund ranks #345 out of 730 companies for Graham Number. This puts Oman Reit Fund in the upper half of its industry. The industry median Graham Number is 0.73. Historically, Oman Reit Fund's own Graham Number has ranged from 0.71 to 0.89 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 REITs company?
The median Graham Number among REITs companies is 0.73, based on 730 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 Oman Reit Fund and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oman Reit Fund's current Graham Number is ر.ع0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Reit Fund stock overvalued right now?
Based on GuruFocus' analysis, Oman Reit Fund (MUS:OMRF) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 18.9% above its estimated fair value. The current Graham Number is ر.ع0.15. Oman Reit Fund's overall GF Score™ is 7/100 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 Oman Reit Fund (MUS:OMRF), the current Graham Number is ر.ع0.15 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 Oman Reit Fund (MUS:OMRF) Overvalued in 2026?

Based on GuruFocus' analysis, Oman Reit Fund stock appears to be overvalued. The current stock price of ر.ع0.11 is trading 18.9% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers Oman Reit Fund to be Modestly Overvalued.

Key valuation signals for MUS:OMRF:

  • Graham Number: ر.ع0.15
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (18.9% above fair value)
  • GF Score™: 7/100 with 5 warning signs

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


Oman Reit Fund Business Description

Industry Real EstateREITs
Address Bousher, P.O. Box 1963, Muscat, OMN, 130
Oman Reit Fund is a Real Estate Investment Fund (REIT) registered in Oman. The principal activities of the Fund are investing, directly or indirectly, in a diversified portfolio of income-producing real estate assets in Oman that are used for residential, office, light industrial/logistics, and retail purposes, as well as real estate-related assets. The fund operates in only one business segment, which is real estate.
7GF Score

Get the complete analysis for MUS:OMRF

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

ر.ع0.11
Price
ر.ع0.09
GF Value