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Aditya Ultra SteelNSE:AUSL 16 Graham Number is ₹38.82 as of Sep. 2025. GuruFocus rates NSE:AUSL with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 435 Steel companies, Aditya Ultra Steel ranks better than 71.03% 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 (2026-09-12), the stock price of Aditya Ultra Steel is ₹23.35. Aditya Ultra Steel's graham number for the quarter that ended in Sep. 2025 was ₹38.82. Therefore, Aditya Ultra Steel's Price to Graham Number ratio for today is 0.60.
The historical rank and industry rank for Aditya Ultra Steel's Graham Number or its related term are showing as below:
NSE:AUSL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.38 Med: 0.94 Max: 1.15
Current: 0.6
During the past 4 years, the highest Price to Graham Number ratio of Aditya Ultra Steel was 1.15. The lowest was 0.38. And the median was 0.94.
NSE:AUSL's Price-to-Graham-Number is ranked better than 71.03% of 435
companies
in the Steel industry
Industry Median: 0.94
vs NSE:AUSL: 0.60
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Aditya Ultra Steel (NSE:AUSL) 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.
Aditya Ultra Steel's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Sep. 2025 )
=
23.35
/
38.82
=
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.
Aditya Ultra Steel Graham Number Related Terms
Aditya Ultra Steel Graham Number Historical Data
* Premium members only.
The historical data trend for Aditya Ultra Steel'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:AUSL vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Aditya Ultra Steel'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.
Aditya Ultra Steel Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Aditya Ultra Steel's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Aditya Ultra Steel'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.
Aditya Ultra Steel (NSE:AUSL) has a Graham Number of ₹38.82 as of Sep. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Aditya Ultra Steel and its competitors. According to the industry distribution chart, Aditya Ultra Steel ranks #126 out of 435 companies in the Steel industry, placing it in the top 29%.
Is Aditya Ultra Steel's Graham Number too high?
Aditya Ultra Steel's current Graham Number is ₹38.82. Based on the distribution chart, Aditya Ultra Steel ranks #126 out of 435 companies in the Steel industry, which is above the industry midpoint. Overall, Aditya Ultra Steel has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Aditya Ultra Steel's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Aditya Ultra Steel ranks #126 out of 435 companies for Graham Number. This puts Aditya Ultra Steel in the upper half of its industry. The industry median Graham Number is 0.94. 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 Steel company?
The median Graham Number among Steel companies is 0.94, based on 435 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 Aditya Ultra Steel and its competitors. For the Steel industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aditya Ultra Steel's current Graham Number is ₹38.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aditya Ultra Steel stock overvalued right now?
Aditya Ultra Steel (NSE:AUSL) has a current Graham Number of ₹38.82. The current Graham Number is ₹38.82. Aditya Ultra Steel's overall GF Score™ is 16/100 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 Aditya Ultra Steel (NSE:AUSL), the current Graham Number is ₹38.82 as of Sep. 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.
Aditya Ultra Steel Ltd manufactures Thermo-Mechanically Treated (TMT) bars under the Kamdhenu brand, catering mainly to the construction and infrastructure sectors. The company produces these steel bars from billets using a reheating furnace and rolling mill. Its manufacturing facility is located in Gujarat, and its customer base is predominantly concentrated in that region, with a focus on tier-3 cities. Revenue is generated mainly through the sale of TMT bars on a business-to-business basis, supported by a dealer network for marketing and distribution.
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