PSG Financial ServicesNAM:KFS 81 Graham Number is R10.44 as of Feb. 2026, which is 100% below its 10-year median of 2.33. GuruFocus rates NAM:KFS with a GF Score™ of 81/100 and a GF Value™ of R21.50 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,173 Asset Management companies, PSG Financial Services ranks worse than 93.69% 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 PSG Financial Services's Graham Number or its related term are showing as below:
NAM:KFS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.23 Med: 2.33 Max: 3.82
Current: 3.12
During the past 13 years, the highest Price to Graham Number ratio of PSG Financial Services was 3.82. The lowest was 0.23. And the median was 2.33.
NAM:KFS's Price-to-Graham-Number is ranked worse than 93.69% of 1173
companies
in the Asset Management industry
Industry Median: 0.71
vs NAM:KFS: 3.12
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
PSG Financial Services (NAM:KFS) 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.
PSG Financial Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
32.22
/
10.44
=
3.09
* 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.
PSG Financial Services Graham Number Related Terms
PSG Financial Services 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.
For the Asset Management subindustry, PSG Financial Services'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.
PSG Financial Services Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PSG Financial Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PSG Financial Services'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.
PSG Financial Services (NAM:KFS) has a Graham Number of R10.44 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PSG Financial Services and its competitors. This is 348% above median its historical median of 2.33. Over the past decade, PSG Financial Services' Graham Number has ranged from 0.23 to 3.82. According to the industry distribution chart, PSG Financial Services ranks #1099 out of 1173 companies in the Asset Management industry, placing it in the top 93.7%.
Is PSG Financial Services' Graham Number too high?
PSG Financial Services' current Graham Number of R10.44 is 348% above median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 3.82. Based on the distribution chart, PSG Financial Services ranks #1099 out of 1173 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PSG Financial Services has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSG Financial Services' Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, PSG Financial Services ranks #1099 out of 1173 companies for Graham Number. This places PSG Financial Services in the lower half of its industry. The industry median Graham Number is 0.71. Historically, PSG Financial Services' own Graham Number has ranged from 0.23 to 3.82 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.71, based on 1,173 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 PSG Financial Services and its competitors. For the Asset Management industry, the median Graham Number is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSG Financial Services's current Graham Number is R10.44, which is 348% above median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, PSG Financial Services (NAM:KFS) is currently considered Significantly Overvalued. The stock's GF Value™ is R21.50, compared to a current price of R32.22 — trading 49.9% above its estimated fair value. The current Graham Number is R10.44, which is 348% above median its 10-year median of 2.33. PSG Financial Services' overall GF Score™ is 81/100 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 PSG Financial Services (NAM:KFS), the current Graham Number is R10.44 as of Feb. 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 PSG Financial Services (NAM:KFS) Overvalued in 2026?
Based on GuruFocus' analysis, PSG Financial Services stock appears to be overvalued.
The current stock price of R32.22 is trading 49.9% above its estimated GF Value™ of R21.50.
GuruFocus considers PSG Financial Services to be Significantly Overvalued.
Key valuation signals for NAM:KFS:
Graham Number: R10.44 (348% above median its 10-year median of 2.33)
GF Value™: R21.50 vs. price of R32.22 (49.9% above fair value)
No single metric tells the full story. See the NAM:KFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSG Financial Services Ltd is an independent financial services company. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. PSG is structured into three segments which are PSG Wealth, generating income from managed and platform assets; PSG Asset Management, deriving income from assets under management; PSG Insure, earning income from premiums and underwriting.
81GF Score
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