NetLink NBN TrustNETLF +1.52%32 Graham Number is $0.33 as of Mar. 2026, which is 82% below its 10-year median of 1.85. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 195 Telecommunication Services companies, NetLink NBN Trust ranks worse than 73.33% 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 (2026-06-24), the stock price of NetLink NBN Trust is $0.769. NetLink NBN Trust's graham number for the quarter that ended in Mar. 2026 was $0.33. Therefore, NetLink NBN Trust's Price to Graham Number ratio for today is 2.34.
The historical rank and industry rank for NetLink NBN Trust's Graham Number or its related term are showing as below:
NETLF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.62 Med: 1.85 Max: 2.33
Current: 2.33
During the past 11 years, the highest Price to Graham Number ratio of NetLink NBN Trust was 2.33. The lowest was 1.62. And the median was 1.85.
NETLF's Price-to-Graham-Number is ranked worse than 73.33% of 195
companies
in the Telecommunication Services industry
Industry Median: 1.66
vs NETLF: 2.33
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
NetLink NBN Trust (OTCPK:NETLF) 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.
NetLink NBN Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.769
/
0.33
=
2.34
* 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.
NetLink NBN Trust Graham Number Related Terms
NetLink NBN Trust Graham Number Historical Data
* Premium members only.
The historical data trend for NetLink NBN Trust'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.
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust Price-to-Graham-Number vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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.
NetLink NBN Trust (NETLF) has a Graham Number of $0.33 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on NetLink NBN Trust and its competitors. This is 82% below median its historical median of 1.85. Over the past decade, NetLink NBN Trust's Graham Number has ranged from 1.62 to 2.33. According to the industry distribution chart, NetLink NBN Trust ranks #143 out of 195 companies in the Telecommunication Services industry, placing it in the top 73.3%.
Is NetLink NBN Trust's Graham Number too high?
NetLink NBN Trust's current Graham Number of $0.33 is 82% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 2.33. The Telecommunication Services industry median Graham Number is 1.66. NetLink NBN Trust's value of $0.33 is 80.1% below this industry median. Based on the distribution chart, NetLink NBN Trust ranks #143 out of 195 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Graham Number compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #143 out of 195 companies for Graham Number. This places NetLink NBN Trust in the lower half of its industry. The industry median Graham Number is 1.66. NetLink NBN Trust's value of $0.33 is 80.1% below this benchmark. Historically, NetLink NBN Trust's own Graham Number has ranged from 1.62 to 2.33 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 1.66, NetLink NBN Trust has consistently been below 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 a Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.66, based on 195 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. NetLink NBN Trust's current Graham Number of $0.33 is 80.1% below 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 NetLink NBN Trust and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetLink NBN Trust's current Graham Number is $0.33, which is 82% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Graham Number is $0.33, which is 82% below median its 10-year median of 1.85 and 80.1% below the Telecommunication Services industry median of 1.66. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current Graham Number is $0.33 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68.
GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.
Key valuation signals for NETLF:
Graham Number: $0.33 (82% below median its 10-year median of 1.85)
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
Industry Position: 80.1% below the Telecommunication Services median (#143 of 195)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score
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