Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
RMC SwitchgearsNSE:RMC -0.15%60 Graham Number is ₹239.62 as of Mar. 2026, which is 100% below its 10-year median of 1.30. GuruFocus rates NSE:RMC with a GF Score™ of 60/100 and a GF Value™ of ₹1,382.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,214 Industrial Products companies, RMC Switchgears ranks better than 72.27% 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 (2026-08-15), the stock price of RMC Switchgears is ₹267.00. RMC Switchgears's graham number for the quarter that ended in Mar. 2026 was ₹239.62. Therefore, RMC Switchgears's Price to Graham Number ratio for today is 1.11.
The historical rank and industry rank for RMC Switchgears's Graham Number or its related term are showing as below:
NSE:RMC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59 Med: 1.3 Max: 2.77
Current: 1.12
During the past 13 years, the highest Price to Graham Number ratio of RMC Switchgears was 2.77. The lowest was 0.59. And the median was 1.30.
NSE:RMC's Price-to-Graham-Number is ranked better than 72.27% of 2214
companies
in the Industrial Products industry
Industry Median: 1.81
vs NSE:RMC: 1.12
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
RMC Switchgears (NSE:RMC) 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.
RMC Switchgears's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
267.00
/
239.62
=
1.11
* 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.
RMC Switchgears Graham Number Related Terms
RMC Switchgears Graham Number Historical Data
* Premium members only.
The historical data trend for RMC Switchgears'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.
For the Electrical Equipment & Parts subindustry, RMC Switchgears'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.
RMC Switchgears Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, RMC Switchgears's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where RMC Switchgears'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.
RMC Switchgears (NSE:RMC) has a Graham Number of ₹239.62 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on RMC Switchgears and its competitors. This is 18332% above median its historical median of 1.30. Over the past decade, RMC Switchgears' Graham Number has ranged from 0.59 to 2.77. According to the industry distribution chart, RMC Switchgears ranks #614 out of 2214 companies in the Industrial Products industry, placing it in the top 27.7%.
Is RMC Switchgears' Graham Number too high?
RMC Switchgears' current Graham Number of ₹239.62 is 18332% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.77. Based on the distribution chart, RMC Switchgears ranks #614 out of 2214 companies in the Industrial Products industry, which is above the industry midpoint. Overall, RMC Switchgears has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RMC Switchgears' Graham Number compare to VRT and BE?
According to the Industrial Products industry distribution chart, RMC Switchgears ranks #614 out of 2214 companies for Graham Number. This puts RMC Switchgears in the upper half of its industry. The industry median Graham Number is 1.81. Historically, RMC Switchgears' own Graham Number has ranged from 0.59 to 2.77 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.81, based on 2,214 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 RMC Switchgears and its competitors. For the Industrial Products industry, the median Graham Number is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RMC Switchgears's current Graham Number is ₹239.62, which is 18332% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RMC Switchgears stock overvalued right now?
Based on GuruFocus' analysis, RMC Switchgears (NSE:RMC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,382.30, compared to a current price of ₹267.00 — trading 80.7% below its estimated fair value. The current Graham Number is ₹239.62, which is 18332% above median its 10-year median of 1.30. RMC Switchgears' overall GF Score™ is 60/100 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 RMC Switchgears (NSE:RMC), the current Graham Number is ₹239.62 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 RMC Switchgears (NSE:RMC) Overvalued in 2026?
Based on GuruFocus' analysis, RMC Switchgears stock appears to be undervalued.
The current stock price of ₹267.00 is trading 80.7% below its estimated GF Value™ of ₹1,382.30.
GuruFocus considers RMC Switchgears to be Possible Value Trap.
Key valuation signals for NSE:RMC:
Graham Number: ₹239.62 (18332% above median its 10-year median of 1.30)
GF Value™: ₹1,382.30 vs. price of ₹267.00 (80.7% below fair value)
No single metric tells the full story. See the NSE:RMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RMC Switchgears Ltd designs and manufactures electronic energy meters, enclosures for energy metering, distribution boxes, panels, sheet moulding compounds, bulk moulding compounds, and solar power equipment, and provides turnkey contracts. The company operates in two segments: primary and secondary. The primary segment is engaged in "Switch Gear Engineering" and "Construction contracts for the power distribution/transmission sector." The secondary segment operates mainly within the geographical limits of India.
60GF Score
Get the complete analysis for NSE:RMC
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:RMC has been successfully added to your 
