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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.
Aster DM Quality CareNSE:ASTERDM -1.52%73 Graham Number is ₹121.95 as of Mar. 2026, which is 100% below its 10-year median of 2.74. GuruFocus rates NSE:ASTERDM with a GF Score™ of 73/100 and a GF Value™ of ₹705.85 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 369 Healthcare Providers & Services companies, Aster DM Quality Care ranks worse than 93.22% 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 (2026-07-16), the stock price of Aster DM Quality Care is ₹812.10. Aster DM Quality Care's graham number for the quarter that ended in Mar. 2026 was ₹121.95. Therefore, Aster DM Quality Care's Price to Graham Number ratio for today is 6.66.
The historical rank and industry rank for Aster DM Quality Care's Graham Number or its related term are showing as below:
NSE:ASTERDM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.32 Med: 2.74 Max: 6.77
Current: 6.66
During the past 12 years, the highest Price to Graham Number ratio of Aster DM Quality Care was 6.77. The lowest was 1.32. And the median was 2.74.
NSE:ASTERDM's Price-to-Graham-Number is ranked worse than 93.22% of 369
companies
in the Healthcare Providers & Services industry
Industry Median: 1.66
vs NSE:ASTERDM: 6.66
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Aster DM Quality Care (NSE:ASTERDM) 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.
Aster DM Quality Care's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
812.10
/
121.95
=
6.66
* 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.
Aster DM Quality Care Graham Number Related Terms
Aster DM Quality Care Graham Number Historical Data
* Premium members only.
The historical data trend for Aster DM Quality Care'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:ASTERDM vs HCA, THC, DVA: Graham Number Comparison
For the Medical Care Facilities subindustry, Aster DM Quality Care'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.
Aster DM Quality Care Price-to-Graham-Number vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Aster DM Quality Care's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Aster DM Quality Care'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.
Aster DM Quality Care (NSE:ASTERDM) has a Graham Number of ₹121.95 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Aster DM Quality Care and its competitors. This is 4351% above median its historical median of 2.74. Over the past decade, Aster DM Quality Care's Graham Number has ranged from 1.32 to 6.77. According to the industry distribution chart, Aster DM Quality Care ranks #344 out of 369 companies in the Healthcare Providers & Services industry, placing it in the top 93.2%.
Is Aster DM Quality Care's Graham Number too high?
Aster DM Quality Care's current Graham Number of ₹121.95 is 4351% above median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 6.77. Based on the distribution chart, Aster DM Quality Care ranks #344 out of 369 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Aster DM Quality Care has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aster DM Quality Care's Graham Number compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Aster DM Quality Care ranks #344 out of 369 companies for Graham Number. This places Aster DM Quality Care in the lower half of its industry. The industry median Graham Number is 1.66. Historically, Aster DM Quality Care's own Graham Number has ranged from 1.32 to 6.77 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 Healthcare Providers & Services company?
The median Graham Number among Healthcare Providers & Services companies is 1.66, based on 369 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 Aster DM Quality Care and its competitors. For the Healthcare Providers & 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. Aster DM Quality Care's current Graham Number is ₹121.95, which is 4351% above median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aster DM Quality Care stock overvalued right now?
Based on GuruFocus' analysis, Aster DM Quality Care (NSE:ASTERDM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹705.85, compared to a current price of ₹812.10 — trading 15.1% above its estimated fair value. The current Graham Number is ₹121.95, which is 4351% above median its 10-year median of 2.74. Aster DM Quality Care's overall GF Score™ is 73/100 with 7 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 Aster DM Quality Care (NSE:ASTERDM), the current Graham Number is ₹121.95 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 Aster DM Quality Care (NSE:ASTERDM) Overvalued in 2026?
Based on GuruFocus' analysis, Aster DM Quality Care stock appears to be overvalued.
The current stock price of ₹812.10 is trading 15.1% above its estimated GF Value™ of ₹705.85.
GuruFocus considers Aster DM Quality Care to be Modestly Overvalued.
Key valuation signals for NSE:ASTERDM:
Graham Number: ₹121.95 (4351% above median its 10-year median of 2.74)
GF Value™: ₹705.85 vs. price of ₹812.10 (15.1% above fair value)
No single metric tells the full story. See the NSE:ASTERDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aster DM Healthcare Ltd is an India-based integrated healthcare provider. The group operates a comprehensive healthcare network comprising approximately 19 hospitals, 10 clinics, over 200 pharmacies, and more than 255 diagnostic laboratories across states. Its business segments include Hospitals, Clinics, Retail Pharmacies, and Others, with the majority of revenue derived from the Hospitals segment. Aster has been delivering high-quality care from primary to quaternary through dedicated personnel across clinical and non-clinical roles. Aster has a presence in metropolitan as well as Tier II and Tier III cities, and is committed to providing advanced and accessible healthcare in line with global standards, guided by a patient-first approach.
73GF Score
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