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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 (2026-09-21), the stock price of Jai is ₹94.42. Jai's graham number for the quarter that ended in Jun. 2026 was ₹N/A. Therefore, Jai's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Jai's Graham Number or its related term are showing as below:
NSE:JAICORPLTD'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.65 Med: 1.53 Max: 16.4
Current: 0.69
During the past 13 years, the highest Price to Graham Number ratio of Jai was 16.40. The lowest was 0.65. And the median was 1.53.
NSE:JAICORPLTD's Price-to-Graham-Number is ranked better than 81.6% of 1212
companies
in the Chemicals industry
Industry Median: 1.445
vs NSE:JAICORPLTD: 0.69
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.
Jai's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
94.42
/
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.
Jai Graham Number Related Terms
Jai Graham Number Historical Data
* Premium members only.
The historical data trend for Jai'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:JAICORPLTD vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, Jai'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.
Jai Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Jai's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Jai'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.
Jai (NSE:JAICORPLTD) 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 Jai and its competitors. According to the industry distribution chart, Jai ranks #223 out of 1212 companies in the Chemicals industry, placing it in the top 18.4%.
Is Jai's Graham Number too high?
Jai's current Graham Number is ₹N/A. Based on the distribution chart, Jai ranks #223 out of 1212 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Jai has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jai's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Jai ranks #223 out of 1212 companies for Graham Number. This places Jai in the top 18% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.45. 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 1.45, based on 1,212 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 Jai and its competitors. For the Chemicals industry, the median Graham Number is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jai'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 Jai stock overvalued right now?
Based on GuruFocus' analysis, Jai (NSE:JAICORPLTD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹162.72, compared to a current price of ₹94.42 — trading 42% below its estimated fair value. The current Graham Number is ₹N/A. Jai's overall GF Score™ is 68/100 with 2 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 Jai (NSE:JAICORPLTD), 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 Jai (NSE:JAICORPLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Jai stock appears to be undervalued.
The current stock price of ₹94.42 is trading 42% below its estimated GF Value™ of ₹162.72.
GuruFocus considers Jai to be Significantly Undervalued.
Key valuation signals for NSE:JAICORPLTD:
Graham Number: ₹N/A
GF Value™: ₹162.72 vs. price of ₹94.42 (42% below fair value)
No single metric tells the full story. See the NSE:JAICORPLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jai Corp Ltd is a manufacturing company engaged in businesses like polypropylene and polyethylene, woven products, steel, plastic processing, and spinning yarn. It has five segments. The Steel segment comprises the production, and trading of CR sheets, GP coils, and HR plates and tubes. Production of woven fabric, jumbo bags, masterbatch, staple fibers, geotextiles, and others is done in the Plastic Processing segment. The Spinning segment includes the production of spun yarn. The Asset management activity segment consists of investment advisory services. Development of land and buildings is done in the Real Estate segment of the company and other. The majority of its revenue is generated from the Plastic processing segment. Geographically, it derives key revenue from India.
68GF Score
Get the complete analysis for NSE:JAICORPLTD
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