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Abans Financial ServicesNSE:AFSL +0.28%79 Graham Number is ₹338.73 as of Mar. 2026, which is 100% below its 10-year median of 0.75. GuruFocus rates NSE:AFSL with a GF Score™ of 79/100 and a GF Value™ of ₹5,068.67 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 528 Capital Markets companies, Abans Financial Services ranks better than 80.11% 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 Abans Financial Services's Graham Number or its related term are showing as below:
NSE:AFSL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.55 Med: 0.75 Max: 0.98
Current: 0.59
During the past 7 years, the highest Price to Graham Number ratio of Abans Financial Services was 0.98. The lowest was 0.55. And the median was 0.75.
NSE:AFSL's Price-to-Graham-Number is ranked better than 80.11% of 528
companies
in the Capital Markets industry
Industry Median: 1.13
vs NSE:AFSL: 0.59
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Abans Financial Services (NSE:AFSL) 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.
Abans Financial Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
202.24
/
338.73
=
0.60
* 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.
Abans Financial Services Graham Number Related Terms
Abans 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.
NSE:AFSL vs MS, GS, SCHW: Graham Number Comparison
For the Capital Markets subindustry, Abans 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.
Abans Financial Services Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Abans Financial Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Abans 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.
Abans Financial Services (NSE:AFSL) has a Graham Number of ₹338.73 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Abans Financial Services and its competitors. This is 45064% above median its historical median of 0.75. Over the past decade, Abans Financial Services' Graham Number has ranged from 0.55 to 0.98. According to the industry distribution chart, Abans Financial Services ranks #105 out of 528 companies in the Capital Markets industry, placing it in the top 19.9%.
Is Abans Financial Services' Graham Number too high?
Abans Financial Services' current Graham Number of ₹338.73 is 45064% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.98. Based on the distribution chart, Abans Financial Services ranks #105 out of 528 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Abans Financial Services has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Abans Financial Services' Graham Number compare to MS and GS?
According to the Capital Markets industry distribution chart, Abans Financial Services ranks #105 out of 528 companies for Graham Number. This places Abans Financial Services in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.13. Historically, Abans Financial Services' own Graham Number has ranged from 0.55 to 0.98 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.13, based on 528 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 Abans Financial Services and its competitors. For the Capital Markets industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abans Financial Services's current Graham Number is ₹338.73, which is 45064% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abans Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Abans Financial Services (NSE:AFSL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹5,068.67, compared to a current price of ₹202.24 — trading 96% below its estimated fair value. The current Graham Number is ₹338.73, which is 45064% above median its 10-year median of 0.75. Abans Financial Services' overall GF Score™ is 79/100 with 4 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 Abans Financial Services (NSE:AFSL), the current Graham Number is ₹338.73 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 Abans Financial Services (NSE:AFSL) Overvalued in 2026?
Based on GuruFocus' analysis, Abans Financial Services stock appears to be undervalued.
The current stock price of ₹202.24 is trading 96% below its estimated GF Value™ of ₹5,068.67.
GuruFocus considers Abans Financial Services to be Possible Value Trap.
Key valuation signals for NSE:AFSL:
Graham Number: ₹338.73 (45064% above median its 10-year median of 0.75)
GF Value™: ₹5,068.67 vs. price of ₹202.24 (96% below fair value)
No single metric tells the full story. See the NSE:AFSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abans Financial Services Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.
79GF Score
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