Arkade Developers (NSE:ARKADE) Graham Number: ₹90.67 (As of Mar. 2026) — 6769% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:ARKADE Arkade Developers Ltd NSE:ARKADE
47 GF Score
Price ₹139.66
! 5 Warning Signs
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What is Arkade Developers Graham Number?

Arkade Developers NSE:ARKADE +1.50% 47 Graham Number is ₹90.67 as of Mar. 2026, which is 100% below its 10-year median of 1.32. GuruFocus rates NSE:ARKADE with a GF Score™ of 47/100. The stock has 5 warning signs investors should review. Among 1,169 Real Estate companies, Arkade Developers ranks worse than 81.35% 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 (2026-07-20), the stock price of Arkade Developers is ₹139.66. Arkade Developers's graham number for the quarter that ended in Mar. 2026 was ₹90.67. Therefore, Arkade Developers's Price to Graham Number ratio for today is 1.54.

The historical rank and industry rank for Arkade Developers's Graham Number or its related term are showing as below:

NSE:ARKADE' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.11   Med: 1.32   Max: 1.63
Current: 1.54

During the past 6 years, the highest Price to Graham Number ratio of Arkade Developers was 1.63. The lowest was 1.11. And the median was 1.32.

NSE:ARKADE's Price-to-Graham-Number is ranked worse than
81.35% of 1169 companies
in the Real Estate industry
Industry Median: 0.75 vs NSE:ARKADE: 1.54

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Arkade Developers  (NSE:ARKADE) 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.

Arkade Developers's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=139.66/90.67
=1.54

* 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.


Arkade Developers Graham Number Related Terms


Arkade Developers Graham Number Historical Data

* Premium members only.

The historical data trend for Arkade Developers'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.

Arkade Developers Graham Number Chart

Arkade Developers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial 21.65 25.61 50.91 99.50 85.64

Arkade Developers Quarterly Data
Mar21 Mar22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 100.56 0.00 91.80 0.00 90.67

Arkade Developers Graham Number Competitor Comparison

For the Real Estate - Development subindustry, Arkade Developers'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.


Arkade Developers Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Arkade Developers's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Arkade Developers's Price-to-Graham-Number falls into.


NSE:ARKADE
47GF Score
Arkade Developers Ltd NSE:ARKADE
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Arkade Developers Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Arkade Developers's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*47.457*6.868)
=85.64

Arkade Developers's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*47.457*7.699)
=90.67

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₹90.67 mean?
Arkade Developers (NSE:ARKADE) has a Graham Number of ₹90.67 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Arkade Developers and its competitors. This is 6769% above median its historical median of 1.32. Over the past decade, Arkade Developers' Graham Number has ranged from 1.11 to 1.63. According to the industry distribution chart, Arkade Developers ranks #951 out of 1169 companies in the Real Estate industry, placing it in the top 81.4%.
Is Arkade Developers' Graham Number too high?
Arkade Developers' current Graham Number of ₹90.67 is 6769% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 1.63. Based on the distribution chart, Arkade Developers ranks #951 out of 1169 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Arkade Developers has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Arkade Developers' Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Arkade Developers ranks #951 out of 1169 companies for Graham Number. This places Arkade Developers in the lower half of its industry. The industry median Graham Number is 0.75. Historically, Arkade Developers' own Graham Number has ranged from 1.11 to 1.63 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.75, based on 1,169 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 Arkade Developers and its competitors. For the Real Estate industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arkade Developers's current Graham Number is ₹90.67, which is 6769% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arkade Developers stock overvalued right now?
Arkade Developers (NSE:ARKADE) has a current Graham Number of ₹90.67. The current Graham Number is ₹90.67, which is 6769% above median its 10-year median of 1.32. Arkade Developers' overall GF Score™ is 47/100 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 Arkade Developers (NSE:ARKADE), the current Graham Number is ₹90.67 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.

Arkade Developers Business Description

Other Exchanges 544261:India
Address A S Marg, Ashok Nagar, Arkade House, Opposite Bhoomi Arkade, Near Children’s Academy, Kandivali (East), Mumbai, MH, IND, 400101
Arkade Developers Ltd is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra. The company is into one reportable segment, i.e., Real Estate development, on land acquired by the company (new projects), and Redevelopment of existing buildings (Redevelopment Projects). The company is involved in the development of new projects and the redevelopment of existing buildings.
47GF Score

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₹139.66
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