BAG Convergence (NSE:BAGDIGITAL) Graham Number: ₹62.14 (As of Mar. 2026) — 3736% 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:BAGDIGITAL BAG Convergence Ltd NSE:BAGDIGITAL
21 GF Score
Price ₹107.00
! 4 Warning Signs
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What is BAG Convergence Graham Number?

BAG Convergence NSE:BAGDIGITAL 21 Graham Number is ₹62.14 as of Mar. 2026, which is 100% below its 10-year median of 1.62. GuruFocus rates NSE:BAGDIGITAL with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 282 Interactive Media companies, BAG Convergence ranks worse than 59.22% 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 (2026-08-04), the stock price of BAG Convergence is ₹107.00. BAG Convergence's graham number for the quarter that ended in Mar. 2026 was ₹62.14. Therefore, BAG Convergence's Price to Graham Number ratio for today is 2.50.

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

NSE:BAGDIGITAL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.62   Med: 1.62   Max: 1.77
Current: 1.72

During the past 4 years, the highest Price to Graham Number ratio of BAG Convergence was 1.77. The lowest was 1.62. And the median was 1.62.

NSE:BAGDIGITAL's Price-to-Graham-Number is ranked worse than
59.22% of 282 companies
in the Interactive Media industry
Industry Median: 1.37 vs NSE:BAGDIGITAL: 1.72

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


BAG Convergence  (NSE:BAGDIGITAL) 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.

BAG Convergence's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=107.00/42.84
=2.50

* 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.


BAG Convergence Graham Number Related Terms


BAG Convergence Graham Number Historical Data

* Premium members only.

The historical data trend for BAG Convergence'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.

BAG Convergence Graham Number Chart

BAG Convergence Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Graham Number
0.00 16.63 32.24 64.44

BAG Convergence Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Graham Number 0.00 0.00 24.13 62.14

NSE:BAGDIGITAL vs GOOGL, META, SPOT: Graham Number Comparison

For the Internet Content & Information subindustry, BAG Convergence'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.


BAG Convergence Price-to-Graham-Number vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BAG Convergence's Price-to-Graham-Number distribution charts can be found below:

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


NSE:BAGDIGITAL
21GF Score
BAG Convergence Ltd NSE:BAGDIGITAL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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BAG Convergence Graham Number Calculation

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

BAG Convergence'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*36.257*5.09)
=64.44

BAG Convergence'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*36.257*2.25)
=42.84

* 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 ₹62.14 mean?
BAG Convergence (NSE:BAGDIGITAL) has a Graham Number of ₹62.14 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on BAG Convergence and its competitors. This is 3736% above median its historical median of 1.62. Over the past decade, BAG Convergence's Graham Number has ranged from 1.62 to 1.77. According to the industry distribution chart, BAG Convergence ranks #167 out of 282 companies in the Interactive Media industry, placing it in the top 59.2%.
Is BAG Convergence's Graham Number too high?
BAG Convergence's current Graham Number of ₹62.14 is 3736% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 1.77. Based on the distribution chart, BAG Convergence ranks #167 out of 282 companies in the Interactive Media industry, which is below the industry midpoint. Overall, BAG Convergence has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does BAG Convergence's Graham Number compare to GOOGL and META?
According to the Interactive Media industry distribution chart, BAG Convergence ranks #167 out of 282 companies for Graham Number. This places BAG Convergence in the lower half of its industry. The industry median Graham Number is 1.37. Historically, BAG Convergence's own Graham Number has ranged from 1.62 to 1.77 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 an Interactive Media company?
The median Graham Number among Interactive Media companies is 1.37, based on 282 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 BAG Convergence and its competitors. For the Interactive Media industry, the median Graham Number is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BAG Convergence's current Graham Number is ₹62.14, which is 3736% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAG Convergence stock overvalued right now?
BAG Convergence (NSE:BAGDIGITAL) has a current Graham Number of ₹62.14. The current Graham Number is ₹62.14, which is 3736% above median its 10-year median of 1.62. BAG Convergence's overall GF Score™ is 21/100 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 BAG Convergence (NSE:BAGDIGITAL), the current Graham Number is ₹62.14 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.

BAG Convergence Business Description

Address FC-23, Sector 16A, Film City, Sector 16A, Noida, UP, IND, 201301
BAG Convergence Ltd is engaged in the business of convergence of traditional media to digital media and renders technical assistance to TV channels, along with services related to website maintenance. The company is involved in content creation on digital platforms across News, Entertainment, Sports, Religious, and other segments, operating through websites, social media platforms including YouTube, Facebook, Instagram, and X, as well as Connected TV on Samsung Plus, LG, Xiaomi, and Waves-Prasar Bharti. Its clients include News24 Hindi, News24 English, E24, ISOMES, and BAG.
21GF Score

Get the complete analysis for NSE:BAGDIGITAL

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹107.00
Price