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.
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.
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 (2026-08-25), the stock price of Bharat Bijlee is ₹2384.90. Bharat Bijlee's graham number for the quarter that ended in Jun. 2026 was ₹N/A. Therefore, Bharat Bijlee's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Bharat Bijlee's Graham Number or its related term are showing as below:
NSE:BBL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36 Med: 0.95 Max: 2.17
Current: 1.15
During the past 13 years, the highest Price to Graham Number ratio of Bharat Bijlee was 2.17. The lowest was 0.36. And the median was 0.95.
NSE:BBL's Price-to-Graham-Number is ranked better than 69.39% of 2231
companies
in the Industrial Products industry
Industry Median: 1.74
vs NSE:BBL: 1.15
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Bharat Bijlee's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
2384.90
/
N/A
=
N/A
* 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.
Bharat Bijlee Graham Number Related Terms
Bharat Bijlee Graham Number Historical Data
* Premium members only.
The historical data trend for Bharat Bijlee'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.
For the Electrical Equipment & Parts subindustry, Bharat Bijlee'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.
Bharat Bijlee Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bharat Bijlee's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Bharat Bijlee'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.
Bharat Bijlee (NSE:BBL) has a Graham Number of ₹N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Bharat Bijlee and its competitors. According to the industry distribution chart, Bharat Bijlee ranks #683 out of 2231 companies in the Industrial Products industry, placing it in the top 30.6%.
Is Bharat Bijlee's Graham Number too high?
Bharat Bijlee's current Graham Number is ₹N/A. Based on the distribution chart, Bharat Bijlee ranks #683 out of 2231 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bharat Bijlee has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Bijlee's Graham Number compare to VRT and BE?
According to the Industrial Products industry distribution chart, Bharat Bijlee ranks #683 out of 2231 companies for Graham Number. This puts Bharat Bijlee in the upper half of its industry. The industry median Graham Number is 1.74. 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 1.74, based on 2,231 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 Bharat Bijlee and its competitors. For the Industrial Products industry, the median Graham Number is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Bijlee's current Graham Number is ₹N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Bijlee stock overvalued right now?
Based on GuruFocus' analysis, Bharat Bijlee (NSE:BBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3,698.40, compared to a current price of ₹2,384.90 — trading 35.5% below its estimated fair value. The current Graham Number is ₹N/A. Bharat Bijlee's overall GF Score™ is 90/100 with 3 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 Bharat Bijlee (NSE:BBL), the current Graham Number is ₹N/A as of Jun. 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 Bharat Bijlee (NSE:BBL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Bijlee stock appears to be undervalued.
The current stock price of ₹2,384.90 is trading 35.5% below its estimated GF Value™ of ₹3,698.40.
GuruFocus considers Bharat Bijlee to be Significantly Undervalued.
Key valuation signals for NSE:BBL:
Graham Number: ₹N/A
GF Value™: ₹3,698.40 vs. price of ₹2,384.90 (35.5% below fair value)
No single metric tells the full story. See the NSE:BBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Bijlee Ltd offers electric motors and transformers. The company's operating business segments include Power Systems and Industrial Systems. The Power Systems segment, which generates maximum revenue, comprises the design, commissioning, and marketing of power transformers; EPC projects for electrical substations, including delivery, rectification, commissioning, and servicing of transformers, and marketing of maintenance products. The Industrial systems segment comprises the development, marketing, and manufacture of a wide range of standard and customized electric motors; magnet technology machines, and the engineering and supply of Drives and Automation systems. Geographically, it has a presence in India and Outside India, of which a majority of its revenue is derived from India.
90GF Score
Get the complete analysis for NSE:BBL
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BBL has been successfully added to your 
