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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 (2026-08-22), the stock price of Nictus Holdings is R3.40. Nictus Holdings's graham number for the quarter that ended in Dec. 2025 was R13.12. Therefore, Nictus Holdings's Price to Graham Number ratio for today is 0.26.
The historical rank and industry rank for Nictus Holdings's Graham Number or its related term are showing as below:
NAM:NHL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.19 Med: 0.35 Max: 0.68
Current: 0.26
During the past 10 years, the highest Price to Graham Number ratio of Nictus Holdings was 0.68. The lowest was 0.19. And the median was 0.35.
NAM:NHL's Price-to-Graham-Number is not ranked
in the Retail - Cyclical industry.
Industry Median: 1.22
vs NAM:NHL: 0.26
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nictus Holdings (NAM:NHL) 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.
Nictus Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
3.40
/
13.12
=
0.26
* 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.
Nictus Holdings Graham Number Related Terms
Nictus Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Nictus Holdings'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.
NAM:NHL vs TSCO, ULTA, WSM: Graham Number Comparison
For the Specialty Retail subindustry, Nictus 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.
Nictus Holdings Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nictus 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.
Nictus Holdings (NAM:NHL) has a Graham Number of R13.12 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nictus Holdings and its competitors. This is 3649% above median its historical median of 0.35. Over the past decade, Nictus Holdings' Graham Number has ranged from 0.19 to 0.68.
Is Nictus Holdings' Graham Number too high?
Nictus Holdings' current Graham Number of R13.12 is 3649% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.68. Overall, Nictus Holdings has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Nictus Holdings' Graham Number compare to TSCO and ULTA?
Nictus Holdings' Graham Number of R13.12 can be compared against companies in the Retail - Cyclical industry. The industry median Graham Number is 1.22. Historically, Nictus Holdings' own Graham Number has ranged from 0.19 to 0.68 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.22, based on 765 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 Nictus Holdings and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nictus Holdings's current Graham Number is R13.12, which is 3649% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nictus Holdings stock overvalued right now?
Nictus Holdings (NAM:NHL) has a current Graham Number of R13.12. The current Graham Number is R13.12, which is 3649% above median its 10-year median of 0.35. Nictus Holdings' overall GF Score™ is 30/100 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 Nictus Holdings (NAM:NHL), the current Graham Number is R13.12 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.
Nictus Holdings Ltd retails motor vehicles, tyres, automotive glass, furniture and provides financial and insurance services in Namibia. The company operates across the Retail, Property and Insurance and Finance segments.
30GF Score
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