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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.
NIIT Learning Systems (NSE:NIITMTS) 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.
NIIT Learning Systems's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
243.55
/
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.
NIIT Learning Systems Graham Number Related Terms
NIIT Learning Systems Graham Number Historical Data
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The historical data trend for NIIT Learning Systems'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:NIITMTS vs EDU, TAL, LAUR: Graham Number Comparison
For the Education & Training Services subindustry, NIIT Learning Systems'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.
NIIT Learning Systems Price-to-Graham-Number vs Education Industry
For the Education industry and Consumer Defensive sector, NIIT Learning Systems's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where NIIT Learning Systems'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.
NIIT Learning Systems (NSE:NIITMTS) 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 NIIT Learning Systems and its competitors. Over the past decade, NIIT Learning Systems' Graham Number has ranged from 2.10 to 4.89. According to the industry distribution chart, NIIT Learning Systems ranks #112 out of 159 companies in the Education industry, placing it in the top 70.4%.
Is NIIT Learning Systems' Graham Number too high?
NIIT Learning Systems' current Graham Number is ₹N/A. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 4.89. Based on the distribution chart, NIIT Learning Systems ranks #112 out of 159 companies in the Education industry, which is below the industry midpoint. Overall, NIIT Learning Systems has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIIT Learning Systems' Graham Number compare to EDU and TAL?
According to the Education industry distribution chart, NIIT Learning Systems ranks #112 out of 159 companies for Graham Number. This places NIIT Learning Systems in the lower half of its industry. The industry median Graham Number is 1.16. Historically, NIIT Learning Systems' own Graham Number has ranged from 2.10 to 4.89 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 Education company?
The median Graham Number among Education companies is 1.16, based on 159 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 NIIT Learning Systems and its competitors. For the Education industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIIT Learning Systems'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 NIIT Learning Systems stock overvalued right now?
Based on GuruFocus' analysis, NIIT Learning Systems (NSE:NIITMTS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹537.23, compared to a current price of ₹243.55 — trading 54.7% below its estimated fair value. The current Graham Number is ₹N/A. NIIT Learning Systems' overall GF Score™ is 57/100 with 1 warning sign 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 NIIT Learning Systems (NSE:NIITMTS), 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 NIIT Learning Systems (NSE:NIITMTS) Overvalued in 2026?
Based on GuruFocus' analysis, NIIT Learning Systems stock appears to be undervalued.
The current stock price of ₹243.55 is trading 54.7% below its estimated GF Value™ of ₹537.23.
GuruFocus considers NIIT Learning Systems to be Significantly Undervalued.
Key valuation signals for NSE:NIITMTS:
Graham Number: ₹N/A
GF Value™: ₹537.23 vs. price of ₹243.55 (54.7% below fair value)
No single metric tells the full story. See the NSE:NIITMTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIIT Learning Systems Ltd is engaged in providing managed training solutions which predominantly include technology-based solutions for learning and education management to improve efficiency and effectiveness to customers in the education sector in India and international markets. The company also offers a comprehensive suite of solutions including content, learning delivery, assessment, and technology for students and teachers, as well as solutions for institution administration and management. Geographically, the company derives a majority of its revenue from America, and the rest from Europe, India, and the rest of the world.
57GF Score
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