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Indian PhosphateNSE:IPHL -1.50%18 Graham Number is ₹93.01 as of Sep. 2025, which is 100% below its 10-year median of 0.63. GuruFocus rates NSE:IPHL with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,167 Chemicals companies, Indian Phosphate ranks better than 81.32% 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 (2026-08-12), the stock price of Indian Phosphate is ₹69.00. Indian Phosphate's graham number for the quarter that ended in Sep. 2025 was ₹93.01. Therefore, Indian Phosphate's Price to Graham Number ratio for today is 0.74.
The historical rank and industry rank for Indian Phosphate's Graham Number or its related term are showing as below:
NSE:IPHL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.57 Med: 0.63 Max: 2.13
Current: 0.74
During the past 5 years, the highest Price to Graham Number ratio of Indian Phosphate was 2.13. The lowest was 0.57. And the median was 0.63.
NSE:IPHL's Price-to-Graham-Number is ranked better than 81.32% of 1167
companies
in the Chemicals industry
Industry Median: 1.5
vs NSE:IPHL: 0.74
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Indian Phosphate (NSE:IPHL) 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.
Indian Phosphate's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Sep. 2025 )
=
69.00
/
93.01
=
0.74
* 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.
Indian Phosphate Graham Number Related Terms
Indian Phosphate Graham Number Historical Data
* Premium members only.
The historical data trend for Indian Phosphate'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:IPHL vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, Indian Phosphate'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.
Indian Phosphate Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Phosphate's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Indian Phosphate'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.
Indian Phosphate (NSE:IPHL) has a Graham Number of ₹93.01 as of Sep. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Indian Phosphate and its competitors. This is 14663% above median its historical median of 0.63. Over the past decade, Indian Phosphate's Graham Number has ranged from 0.57 to 2.13. According to the industry distribution chart, Indian Phosphate ranks #218 out of 1167 companies in the Chemicals industry, placing it in the top 18.7%.
Is Indian Phosphate's Graham Number too high?
Indian Phosphate's current Graham Number of ₹93.01 is 14663% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.13. Based on the distribution chart, Indian Phosphate ranks #218 out of 1167 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Phosphate has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Indian Phosphate's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Phosphate ranks #218 out of 1167 companies for Graham Number. This places Indian Phosphate in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.50. Historically, Indian Phosphate's own Graham Number has ranged from 0.57 to 2.13 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.50, based on 1,167 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 Indian Phosphate and its competitors. For the Chemicals industry, the median Graham Number is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Phosphate's current Graham Number is ₹93.01, which is 14663% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Phosphate stock overvalued right now?
Indian Phosphate (NSE:IPHL) has a current Graham Number of ₹93.01. The current Graham Number is ₹93.01, which is 14663% above median its 10-year median of 0.63. Indian Phosphate's overall GF Score™ is 18/100 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 Indian Phosphate (NSE:IPHL), the current Graham Number is ₹93.01 as of Sep. 2025. 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.
Indian Phosphate Ltd is involved in the production of Linear Alkylbenzene Sulphonic Acid (LABSA) 90%, an anionic surfactant used in the formulation of various detergent products such as powders, cakes, toilet cleaners, and liquid detergents. The company is also involved in manufacturing Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP). The business comprises the manufacture, purchase, and sale of Fertilizers and chemicals. The company generates the majority of its revenue from the Chemical Division.
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