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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.
NSE:DALMIASUG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.16 Med: 0.59 Max: 0.98
Current: 0.69
During the past 13 years, the highest Price to Graham Number ratio of Dalmia Bharat Sugar and Industries was 0.98. The lowest was 0.16. And the median was 0.59.
NSE:DALMIASUG's Price-to-Graham-Number is ranked better than 74.51% of 1385
companies
in the Consumer Packaged Goods industry
Industry Median: 1.1
vs NSE:DALMIASUG: 0.69
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) 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.
Dalmia Bharat Sugar and Industries's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
350.90
/
508.61
=
0.69
* 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.
Dalmia Bharat Sugar and Industries Graham Number Related Terms
Dalmia Bharat Sugar and Industries Graham Number Historical Data
* 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.
Dalmia Bharat Sugar and Industries Graham Number Chart
NSE:DALMIASUG vs MDLZ, HSY, TR: Graham Number Comparison
For the Confectioners subindustry, Dalmia Bharat Sugar and Industries'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.
Dalmia Bharat Sugar and Industries Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dalmia Bharat Sugar and Industries's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Dalmia Bharat Sugar and Industries'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.
Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) has a Graham Number of ₹508.61 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dalmia Bharat Sugar and Industries and its competitors. This is 86105% above median its historical median of 0.59. Over the past decade, Dalmia Bharat Sugar and Industries' Graham Number has ranged from 0.16 to 0.98. According to the industry distribution chart, Dalmia Bharat Sugar and Industries ranks #353 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 25.5%.
Is Dalmia Bharat Sugar and Industries' Graham Number too high?
Dalmia Bharat Sugar and Industries' current Graham Number of ₹508.61 is 86105% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.98. Based on the distribution chart, Dalmia Bharat Sugar and Industries ranks #353 out of 1385 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Dalmia Bharat Sugar and Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dalmia Bharat Sugar and Industries' Graham Number compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dalmia Bharat Sugar and Industries ranks #353 out of 1385 companies for Graham Number. This puts Dalmia Bharat Sugar and Industries in the upper half of its industry. The industry median Graham Number is 1.10. Historically, Dalmia Bharat Sugar and Industries' own Graham Number has ranged from 0.16 to 0.98 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.10, based on 1,385 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 Dalmia Bharat Sugar and Industries and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dalmia Bharat Sugar and Industries's current Graham Number is ₹508.61, which is 86105% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dalmia Bharat Sugar and Industries stock overvalued right now?
Based on GuruFocus' analysis, Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹418.07, compared to a current price of ₹350.90 — trading 16.1% below its estimated fair value. The current Graham Number is ₹508.61, which is 86105% above median its 10-year median of 0.59. Dalmia Bharat Sugar and Industries' overall GF Score™ is 73/100 with 10 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 Dalmia Bharat Sugar and Industries (NSE:DALMIASUG), the current Graham Number is ₹508.61 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 Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) Overvalued in 2026?
Based on GuruFocus' analysis, Dalmia Bharat Sugar and Industries stock appears to be undervalued.
The current stock price of ₹350.90 is trading 16.1% below its estimated GF Value™ of ₹418.07.
GuruFocus considers Dalmia Bharat Sugar and Industries to be Modestly Undervalued.
Key valuation signals for NSE:DALMIASUG:
Graham Number: ₹508.61 (86105% above median its 10-year median of 0.59)
GF Value™: ₹418.07 vs. price of ₹350.90 (16.1% below fair value)
No single metric tells the full story. See the NSE:DALMIASUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dalmia Bharat Sugar and Industries Ltd is mainly engaged in the manufacturing of sugar, generation of power, manufacturing of Industrial alcohol, and manufacturing of refractory products. The group's operating segments are Own Manufactured Sugar, Distillery, and Others. The Own Manufactured Sugar segment of the company derives the majority of its revenue and includes the manufacture and marketing of sugar. The Distillery segment includes the production and sale of ethanol and ENA, and the Others segment includes magnesite, travel, and electronics activities of the company. Geographically, the group has its presence in both domestic and overseas markets, of which the maximum revenue is generated from the domestic market, representing the sale of its products to customers located in India.
73GF Score
Get the complete analysis for NSE:DALMIASUG
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