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.
HOAC Foods IndiaNSE:HOACFOODS +4.66%49 Graham Number is ₹179.41 as of Mar. 2026. GuruFocus rates NSE:HOACFOODS with a GF Score™ of 49/100. The stock has 6 warning signs investors should review. Among 1,383 Consumer Packaged Goods companies, HOAC Foods India ranks worse than 95.3% 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 (2026-09-05), the stock price of HOAC Foods India is ₹1009.95. HOAC Foods India's graham number for the quarter that ended in Mar. 2026 was ₹179.41. Therefore, HOAC Foods India's Price to Graham Number ratio for today is 6.60.
The historical rank and industry rank for HOAC Foods India's Graham Number or its related term are showing as below:
NSE:HOACFOODS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.18 Med: 2.76 Max: 7.38
Current: 5.63
During the past 6 years, the highest Price to Graham Number ratio of HOAC Foods India was 7.38. The lowest was 2.18. And the median was 2.76.
NSE:HOACFOODS's Price-to-Graham-Number is ranked worse than 95.3% of 1383
companies
in the Consumer Packaged Goods industry
Industry Median: 1.14
vs NSE:HOACFOODS: 5.63
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
HOAC Foods India (NSE:HOACFOODS) 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.
HOAC Foods India's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1009.95
/
153.12
=
6.60
* 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.
HOAC Foods India Graham Number Related Terms
HOAC Foods India Graham Number Historical Data
* Premium members only.
The historical data trend for HOAC Foods India'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:HOACFOODS vs ADM, BG, TSN: Graham Number Comparison
For the Farm Products subindustry, HOAC Foods India'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.
HOAC Foods India Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, HOAC Foods India's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where HOAC Foods India'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.
HOAC Foods India (NSE:HOACFOODS) has a Graham Number of ₹179.41 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on HOAC Foods India and its competitors. According to the industry distribution chart, HOAC Foods India ranks #1318 out of 1383 companies in the Consumer Packaged Goods industry, placing it in the top 95.3%.
Is HOAC Foods India's Graham Number too high?
HOAC Foods India's current Graham Number is ₹179.41. Based on the distribution chart, HOAC Foods India ranks #1318 out of 1383 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, HOAC Foods India has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does HOAC Foods India's Graham Number compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, HOAC Foods India ranks #1318 out of 1383 companies for Graham Number. This places HOAC Foods India in the lower half of its industry. The industry median Graham Number is 1.14. 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 1.14, based on 1,383 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 HOAC Foods India and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOAC Foods India's current Graham Number is ₹179.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOAC Foods India stock overvalued right now?
HOAC Foods India (NSE:HOACFOODS) has a current Graham Number of ₹179.41. The current Graham Number is ₹179.41. HOAC Foods India's overall GF Score™ is 49/100 with 6 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 HOAC Foods India (NSE:HOACFOODS), the current Graham Number is ₹179.41 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.
HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and majority of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.
49GF Score
Get the complete analysis for NSE:HOACFOODS
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:HOACFOODS has been successfully added to your 
