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NN Group NVNNGPF 53 Graham Number is $102.44 as of Dec. 2025, which is 24885% above its 10-year median of 0.41. GuruFocus rates NNGPF with a GF Score™ of 53/100 and a GF Value™ of $61.00 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 425 Insurance companies, NN Group NV ranks better than 51.53% 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 (2026-07-21), the stock price of NN Group NV is $86.9725. NN Group NV's graham number for the quarter that ended in Dec. 2025 was $102.44. Therefore, NN Group NV's Price to Graham Number ratio for today is 0.85.
The historical rank and industry rank for NN Group NV's Graham Number or its related term are showing as below:
NNGPF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.3 Med: 0.41 Max: 0.89
Current: 0.89
During the past 13 years, the highest Price to Graham Number ratio of NN Group NV was 0.89. The lowest was 0.30. And the median was 0.41.
NNGPF's Price-to-Graham-Number is ranked better than 51.53% of 425
companies
in the Insurance industry
Industry Median: 0.93
vs NNGPF: 0.89
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
NN Group NV (OTCPK:NNGPF) 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.
NN Group NV's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
86.9725
/
102.44
=
0.85
* 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.
NN Group NV Graham Number Related Terms
NN Group NV Graham Number Historical Data
* Premium members only.
The historical data trend for NN Group NV'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.
NNGPF vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, NN Group NV'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.
NN Group NV Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, NN Group NV's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where NN Group NV'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.
NN Group NV (NNGPF) has a Graham Number of $102.44 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on NN Group NV and its competitors. This is 24885% above median its historical median of 0.41. Over the past decade, NN Group NV's Graham Number has ranged from 0.30 to 0.89. According to the industry distribution chart, NN Group NV ranks #206 out of 425 companies in the Insurance industry, placing it in the top 48.5%.
Is NN Group NV's Graham Number too high?
NN Group NV's current Graham Number of $102.44 is 24885% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.89. The Insurance industry median Graham Number is 0.93. NN Group NV's value of $102.44 is 10915.1% above this industry median. Based on the distribution chart, NN Group NV ranks #206 out of 425 companies in the Insurance industry, which is above the industry midpoint. Overall, NN Group NV has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NN Group NV's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NN Group NV ranks #206 out of 425 companies for Graham Number. This puts NN Group NV in the upper half of its industry. The industry median Graham Number is 0.93. NN Group NV's value of $102.44 is 10915.1% above this benchmark. Historically, NN Group NV's own Graham Number has ranged from 0.30 to 0.89 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.93, NN Group NV 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 0.93, 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. NN Group NV's current Graham Number of $102.44 is 10915.1% 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 NN Group NV and its competitors. For the Insurance industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NN Group NV's current Graham Number is $102.44, which is 24885% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NN Group NV stock overvalued right now?
Based on GuruFocus' analysis, NN Group NV (NNGPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $61.00, compared to a current price of $86.97 — trading 42.6% above its estimated fair value. The current Graham Number is $102.44, which is 24885% above median its 10-year median of 0.41 and 10915.1% above the Insurance industry median of 0.93. NN Group NV's overall GF Score™ is 53/100 with 11 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 NN Group NV (NNGPF), the current Graham Number is $102.44 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 NN Group NV (NNGPF) Overvalued in 2026?
Based on GuruFocus' analysis, NN Group NV stock appears to be overvalued.
The current stock price of $86.97 is trading 42.6% above its estimated GF Value™ of $61.00.
GuruFocus considers NN Group NV to be Significantly Overvalued.
Key valuation signals for NNGPF:
Graham Number: $102.44 (24885% above median its 10-year median of 0.41)
GF Value™: $61.00 vs. price of $86.97 (42.6% above fair value)
Industry Position: 10915.1% above the Insurance median (#206 of 425)
No single metric tells the full story. See the NNGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NN Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life, Netherlands nonlife, insurance Europe, and Japan life. The Netherlands life business is the biggest division and tends to generate around three-quarters of operating income. That business sells traditional spread-based long-term savings and more modern defined-contribution savings. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined-contribution products are managed by Goldman Sachs Asset Management. Since around 2013, NN has closed its domestic individual life insurance products to new business.
53GF Score
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