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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AIA EngineeringNSE:AIAENG -0.18%80 Graham Number is ₹1,621.96 as of Mar. 2026, which is 100% below its 10-year median of 2.54. GuruFocus rates NSE:AIAENG with a GF Score™ of 80/100 and a GF Value™ of ₹3,623.56 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,214 Industrial Products companies, AIA Engineering ranks worse than 70.55% 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 (2026-08-12), the stock price of AIA Engineering is ₹4781.60. AIA Engineering's graham number for the quarter that ended in Mar. 2026 was ₹1,621.96. Therefore, AIA Engineering's Price to Graham Number ratio for today is 2.95.
The historical rank and industry rank for AIA Engineering's Graham Number or its related term are showing as below:
NSE:AIAENG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.9 Med: 2.54 Max: 3.02
Current: 2.95
During the past 13 years, the highest Price to Graham Number ratio of AIA Engineering was 3.02. The lowest was 1.90. And the median was 2.54.
NSE:AIAENG's Price-to-Graham-Number is ranked worse than 70.55% of 2214
companies
in the Industrial Products industry
Industry Median: 1.8
vs NSE:AIAENG: 2.95
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
AIA Engineering (NSE:AIAENG) 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.
AIA Engineering's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4781.60
/
1,621.96
=
2.95
* 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.
AIA Engineering Graham Number Related Terms
AIA Engineering Graham Number Historical Data
* Premium members only.
The historical data trend for AIA Engineering'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.
NSE:AIAENG vs GEV, ETN, PH: Graham Number Comparison
For the Specialty Industrial Machinery subindustry, AIA Engineering'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.
AIA Engineering Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, AIA Engineering's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AIA Engineering'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.
AIA Engineering (NSE:AIAENG) has a Graham Number of ₹1,621.96 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on AIA Engineering and its competitors. This is 63757% above median its historical median of 2.54. Over the past decade, AIA Engineering's Graham Number has ranged from 1.90 to 3.02. According to the industry distribution chart, AIA Engineering ranks #1562 out of 2214 companies in the Industrial Products industry, placing it in the top 70.6%.
Is AIA Engineering's Graham Number too high?
AIA Engineering's current Graham Number of ₹1,621.96 is 63757% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.02. Based on the distribution chart, AIA Engineering ranks #1562 out of 2214 companies in the Industrial Products industry, which is below the industry midpoint. Overall, AIA Engineering has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AIA Engineering's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, AIA Engineering ranks #1562 out of 2214 companies for Graham Number. This places AIA Engineering in the lower half of its industry. The industry median Graham Number is 1.80. Historically, AIA Engineering's own Graham Number has ranged from 1.90 to 3.02 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.80, based on 2,214 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 AIA Engineering and its competitors. For the Industrial Products industry, the median Graham Number is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIA Engineering's current Graham Number is ₹1,621.96, which is 63757% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIA Engineering stock overvalued right now?
Based on GuruFocus' analysis, AIA Engineering (NSE:AIAENG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,623.56, compared to a current price of ₹4,781.60 — trading 32% above its estimated fair value. The current Graham Number is ₹1,621.96, which is 63757% above median its 10-year median of 2.54. AIA Engineering's overall GF Score™ is 80/100 with 8 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 AIA Engineering (NSE:AIAENG), the current Graham Number is ₹1,621.96 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 AIA Engineering (NSE:AIAENG) Overvalued in 2026?
Based on GuruFocus' analysis, AIA Engineering stock appears to be overvalued.
The current stock price of ₹4,781.60 is trading 32% above its estimated GF Value™ of ₹3,623.56.
GuruFocus considers AIA Engineering to be Significantly Overvalued.
Key valuation signals for NSE:AIAENG:
Graham Number: ₹1,621.96 (63757% above median its 10-year median of 2.54)
GF Value™: ₹3,623.56 vs. price of ₹4,781.60 (32% above fair value)
No single metric tells the full story. See the NSE:AIAENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The Company operates in only one Segment which is Manufacturing of High Chrome Mill Internals. The company's products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates the majority of its sales from markets outside of India. Vega Industries, a wholly-owned subsidiary of this company, is responsible for distributing the company's products outside India.
80GF Score
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