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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.
NSE:NPST'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.42 Med: 6.29 Max: 14.37
Current: 5.17
During the past 8 years, the highest Price to Graham Number ratio of Network People Services Technologies was 14.37. The lowest was 2.42. And the median was 6.29.
NSE:NPST's Price-to-Graham-Number is ranked worse than 85.78% of 1477
companies
in the Software industry
Industry Median: 1.87
vs NSE:NPST: 5.17
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Network People Services Technologies (NSE:NPST) 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.
Network People Services Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1525.60
/
295.25
=
5.17
* 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.
Network People Services Technologies Graham Number Related Terms
Network People Services Technologies 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.
Network People Services Technologies Graham Number Chart
NSE:NPST vs QH, SHOP, UBER: Graham Number Comparison
For the Software - Application subindustry, Network People Services Technologies'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.
Network People Services Technologies Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Network People Services Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Network People Services Technologies'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.
Network People Services Technologies (NSE:NPST) has a Graham Number of ₹295.25 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Network People Services Technologies and its competitors. This is 4594% above median its historical median of 6.29. Over the past decade, Network People Services Technologies' Graham Number has ranged from 2.42 to 14.37. According to the industry distribution chart, Network People Services Technologies ranks #1267 out of 1477 companies in the Software industry, placing it in the top 85.8%.
Is Network People Services Technologies' Graham Number too high?
Network People Services Technologies' current Graham Number of ₹295.25 is 4594% above median its 10-year median of 6.29. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 14.37. Based on the distribution chart, Network People Services Technologies ranks #1267 out of 1477 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Network People Services Technologies has a GF Score™ of 95/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Network People Services Technologies' Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, Network People Services Technologies ranks #1267 out of 1477 companies for Graham Number. This places Network People Services Technologies in the lower half of its industry. The industry median Graham Number is 1.87. Historically, Network People Services Technologies' own Graham Number has ranged from 2.42 to 14.37 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 Software company?
The median Graham Number among Software companies is 1.87, based on 1,477 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 Network People Services Technologies and its competitors. For the Software industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Network People Services Technologies's current Graham Number is ₹295.25, which is 4594% above median its own 10-year median of 6.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Network People Services Technologies stock overvalued right now?
Based on GuruFocus' analysis, Network People Services Technologies (NSE:NPST) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,373.23, compared to a current price of ₹1,525.60 — trading 35.7% below its estimated fair value. The current Graham Number is ₹295.25, which is 4594% above median its 10-year median of 6.29. Network People Services Technologies' overall GF Score™ is 95/100 with 5 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 Network People Services Technologies (NSE:NPST), the current Graham Number is ₹295.25 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.
Is Network People Services Technologies (NSE:NPST) Overvalued in 2026?
Based on GuruFocus' analysis, Network People Services Technologies stock appears to be undervalued.
The current stock price of ₹1,525.60 is trading 35.7% below its estimated GF Value™ of ₹2,373.23.
GuruFocus considers Network People Services Technologies to be Possible Value Trap.
Key valuation signals for NSE:NPST:
Graham Number: ₹295.25 (4594% above median its 10-year median of 6.29)
GF Value™: ₹2,373.23 vs. price of ₹1,525.60 (35.7% below fair value)
No single metric tells the full story. See the NSE:NPST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Network People Services Technologies Ltd is a banking technology service provider that offers software and mobility solutions to the banking and finance sector. It offers digital transformation solutions such as IMPS, Digital Wallet, UPI, and other smart art solutions. The company further offers software designing, consulting, development, and manpower provisioning services.
95GF Score
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