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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.
The historical rank and industry rank for Kalpataru Projects International's Graham Number or its related term are showing as below:
NSE:KPIL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.75 Med: 1.52 Max: 3.14
Current: 1.77
During the past 13 years, the highest Price to Graham Number ratio of Kalpataru Projects International was 3.14. The lowest was 0.75. And the median was 1.52.
NSE:KPIL's Price-to-Graham-Number is ranked worse than 72.53% of 1216
companies
in the Construction industry
Industry Median: 1.01
vs NSE:KPIL: 1.77
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kalpataru Projects International (NSE:KPIL) 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.
Kalpataru Projects International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
1347.70
/
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.
Kalpataru Projects International Graham Number Related Terms
Kalpataru Projects International 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.
Kalpataru Projects International Graham Number Chart
NSE:KPIL vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Kalpataru Projects International'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.
Kalpataru Projects International Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Kalpataru Projects International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kalpataru Projects International'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.
Kalpataru Projects International (NSE:KPIL) 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 Kalpataru Projects International and its competitors. Over the past decade, Kalpataru Projects International's Graham Number has ranged from 0.75 to 3.14. According to the industry distribution chart, Kalpataru Projects International ranks #882 out of 1216 companies in the Construction industry, placing it in the top 72.5%.
Is Kalpataru Projects International's Graham Number too high?
Kalpataru Projects International's current Graham Number is ₹N/A. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 3.14. Based on the distribution chart, Kalpataru Projects International ranks #882 out of 1216 companies in the Construction industry, which is below the industry midpoint. Overall, Kalpataru Projects International has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kalpataru Projects International's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Kalpataru Projects International ranks #882 out of 1216 companies for Graham Number. This places Kalpataru Projects International in the lower half of its industry. The industry median Graham Number is 1.01. Historically, Kalpataru Projects International's own Graham Number has ranged from 0.75 to 3.14 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 Construction company?
The median Graham Number among Construction companies is 1.01, based on 1,216 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 Kalpataru Projects International and its competitors. For the Construction industry, the median Graham Number is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalpataru Projects International'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 Kalpataru Projects International stock overvalued right now?
Based on GuruFocus' analysis, Kalpataru Projects International (NSE:KPIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,361.27, compared to a current price of ₹1,347.70 — trading 1% below its estimated fair value. The current Graham Number is ₹N/A. Kalpataru Projects International's overall GF Score™ is 84/100 with 7 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 Kalpataru Projects International (NSE:KPIL), 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 Kalpataru Projects International (NSE:KPIL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalpataru Projects International stock appears to be undervalued.
The current stock price of ₹1,347.70 is trading 1% below its estimated GF Value™ of ₹1,361.27.
GuruFocus considers Kalpataru Projects International to be Fairly Valued.
Key valuation signals for NSE:KPIL:
Graham Number: ₹N/A
GF Value™: ₹1,361.27 vs. price of ₹1,347.70 (1% below fair value)
No single metric tells the full story. See the NSE:KPIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalpataru Projects International Ltd is a construction company headquartered in India, with activities in the power transmission and infrastructure space. Kalpataru is organized into two operating units: Engineering, Procurement and Construction, or EPC, and Developmental Project businesses. In its EPC business, Kalpataru undertakes infrastructure projects, including power transmission and distribution, civil construction, and the placement of oil and gas pipelines. The EPC operating unit generates the majority of the company's revenue. The firm's developmental project business consists of developing, operating, and maintaining infrastructure projects.
84GF Score
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