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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.
The historical rank and industry rank for Elecon Engineering Co's Graham Number or its related term are showing as below:
NSE:ELECON'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.18 Med: 1.55 Max: 6.16
Current: 2.82
During the past 13 years, the highest Price to Graham Number ratio of Elecon Engineering Co was 6.16. The lowest was 0.18. And the median was 1.55.
NSE:ELECON's Price-to-Graham-Number is ranked worse than 71.1% of 2201
companies
in the Industrial Products industry
Industry Median: 1.7
vs NSE:ELECON: 2.82
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Elecon Engineering Co (NSE:ELECON) 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.
Elecon Engineering Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
433.00
/
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.
Elecon Engineering Co Graham Number Related Terms
Elecon Engineering Co Graham Number Historical Data
* Premium members only.
The historical data trend for Elecon Engineering Co'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:ELECON vs GEV, ETN, PH: Graham Number Comparison
For the Specialty Industrial Machinery subindustry, Elecon Engineering Co'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.
Elecon Engineering Co Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co'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.
Elecon Engineering Co (NSE:ELECON) 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 Elecon Engineering Co and its competitors. Over the past decade, Elecon Engineering Co's Graham Number has ranged from 0.18 to 6.16. According to the industry distribution chart, Elecon Engineering Co ranks #1565 out of 2201 companies in the Industrial Products industry, placing it in the top 71.1%.
Is Elecon Engineering Co's Graham Number too high?
Elecon Engineering Co's current Graham Number is ₹N/A. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 6.16. Based on the distribution chart, Elecon Engineering Co ranks #1565 out of 2201 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Elecon Engineering Co has a GF Score™ of 95/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #1565 out of 2201 companies for Graham Number. This places Elecon Engineering Co in the lower half of its industry. The industry median Graham Number is 1.70. Historically, Elecon Engineering Co's own Graham Number has ranged from 0.18 to 6.16 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.70, based on 2,201 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 Elecon Engineering Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co'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 Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Possible Value Trap. The stock's GF Value™ is ₹648.23, compared to a current price of ₹433.00 — trading 33.2% below its estimated fair value. The current Graham Number is ₹N/A. Elecon Engineering Co's overall GF Score™ is 95/100 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 Elecon Engineering Co (NSE:ELECON), 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 Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹433.00 is trading 33.2% below its estimated GF Value™ of ₹648.23.
GuruFocus considers Elecon Engineering Co to be Possible Value Trap.
Key valuation signals for NSE:ELECON:
Graham Number: ₹N/A
GF Value™: ₹648.23 vs. price of ₹433.00 (33.2% below fair value)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
95GF Score
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