Thinking Hats Entertainment Solutions (NSE:THESL) Graham Number: ₹11.11 (As of Mar. 2026) — 948% Above Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:THESL Thinking Hats Entertainment Solutions Ltd NSE:THESL
16 GF Score
Price ₹19.95
! 7 Warning Signs
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What is Thinking Hats Entertainment Solutions Graham Number?

Thinking Hats Entertainment Solutions NSE:THESL 16 Graham Number is ₹11.11 as of Mar. 2026, which is 100% below its 10-year median of 1.06. GuruFocus rates NSE:THESL with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 497 Media - Diversified companies, Thinking Hats Entertainment Solutions ranks worse than 69.42% 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 (2026-08-10), the stock price of Thinking Hats Entertainment Solutions is ₹19.95. Thinking Hats Entertainment Solutions's graham number for the quarter that ended in Mar. 2026 was ₹11.11. Therefore, Thinking Hats Entertainment Solutions's Price to Graham Number ratio for today is 1.80.

The historical rank and industry rank for Thinking Hats Entertainment Solutions's Graham Number or its related term are showing as below:

NSE:THESL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.03   Med: 1.06   Max: 1.8
Current: 1.8

During the past 5 years, the highest Price to Graham Number ratio of Thinking Hats Entertainment Solutions was 1.80. The lowest was 1.03. And the median was 1.06.

NSE:THESL's Price-to-Graham-Number is ranked worse than
69.42% of 497 companies
in the Media - Diversified industry
Industry Median: 1.19 vs NSE:THESL: 1.80

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Thinking Hats Entertainment Solutions  (NSE:THESL) 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.

Thinking Hats Entertainment Solutions's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=19.95/11.11
=1.80

* 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.


Thinking Hats Entertainment Solutions Graham Number Related Terms


Thinking Hats Entertainment Solutions Graham Number Historical Data

* Premium members only.

The historical data trend for Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions Graham Number Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
4.47 12.89 19.74 27.88 11.06

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Graham Number Get a 7-Day Free Trial 0.00 0.00 31.77 19.60 11.11

NSE:THESL vs APP, OMC, TTD: Graham Number Comparison

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.


Thinking Hats Entertainment Solutions Price-to-Graham-Number vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Price-to-Graham-Number falls into.


NSE:THESL
16GF Score
Thinking Hats Entertainment Solutions Ltd NSE:THESL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Hats Entertainment Solutions Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Thinking Hats Entertainment Solutions's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*5.438*1)
=11.06

Thinking Hats Entertainment Solutions's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*5.484*1)
=11.11

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₹11.11 mean?
Thinking Hats Entertainment Solutions (NSE:THESL) has a Graham Number of ₹11.11 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Thinking Hats Entertainment Solutions and its competitors. This is 948% above median its historical median of 1.06. Over the past decade, Thinking Hats Entertainment Solutions' Graham Number has ranged from 1.03 to 1.80. According to the industry distribution chart, Thinking Hats Entertainment Solutions ranks #345 out of 497 companies in the Media - Diversified industry, placing it in the top 69.4%.
Is Thinking Hats Entertainment Solutions' Graham Number too high?
Thinking Hats Entertainment Solutions' current Graham Number of ₹11.11 is 948% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 1.80. Based on the distribution chart, Thinking Hats Entertainment Solutions ranks #345 out of 497 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Thinking Hats Entertainment Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Thinking Hats Entertainment Solutions' Graham Number compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Thinking Hats Entertainment Solutions ranks #345 out of 497 companies for Graham Number. This places Thinking Hats Entertainment Solutions in the lower half of its industry. The industry median Graham Number is 1.19. Historically, Thinking Hats Entertainment Solutions' own Graham Number has ranged from 1.03 to 1.80 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 Media - Diversified company?
The median Graham Number among Media - Diversified companies is 1.19, based on 497 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 Thinking Hats Entertainment Solutions and its competitors. For the Media - Diversified industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Hats Entertainment Solutions's current Graham Number is ₹11.11, which is 948% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Hats Entertainment Solutions stock overvalued right now?
Thinking Hats Entertainment Solutions (NSE:THESL) has a current Graham Number of ₹11.11. The current Graham Number is ₹11.11, which is 948% above median its 10-year median of 1.06. Thinking Hats Entertainment Solutions' overall GF Score™ is 16/100 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 Thinking Hats Entertainment Solutions (NSE:THESL), the current Graham Number is ₹11.11 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.

Thinking Hats Entertainment Solutions Business Description

Address 5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.
16GF Score

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₹19.95
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