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What is Tamil Nadu Newsprint & Papers Graham Number?
Tamil Nadu Newsprint & PapersNSE:TNPL -1.74%75 Graham Number is ₹519.08 as of Mar. 2026, which is 100% below its 10-year median of 0.62. GuruFocus rates NSE:TNPL with a GF Score™ of 75/100 and a GF Value™ of ₹182.29 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 168 Forest Products companies, Tamil Nadu Newsprint & Papers ranks better than 93.45% 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.
The historical rank and industry rank for Tamil Nadu Newsprint & Papers's Graham Number or its related term are showing as below:
NSE:TNPL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.24 Med: 0.62 Max: 2.09
Current: 0.3
During the past 13 years, the highest Price to Graham Number ratio of Tamil Nadu Newsprint & Papers was 2.09. The lowest was 0.24. And the median was 0.62.
NSE:TNPL's Price-to-Graham-Number is ranked better than 93.45% of 168
companies
in the Forest Products industry
Industry Median: 0.885
vs NSE:TNPL: 0.30
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tamil Nadu Newsprint & Papers (NSE:TNPL) 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.
Tamil Nadu Newsprint & Papers's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
153.88
/
519.08
=
0.30
* 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.
Tamil Nadu Newsprint & Papers Graham Number Related Terms
Tamil Nadu Newsprint & Papers 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.
Tamil Nadu Newsprint & Papers Graham Number Competitor Comparison
For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers'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.
Tamil Nadu Newsprint & Papers Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tamil Nadu Newsprint & Papers'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.
Tamil Nadu Newsprint & Papers (NSE:TNPL) has a Graham Number of ₹519.08 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tamil Nadu Newsprint & Papers and its competitors. This is 83623% above median its historical median of 0.62. Over the past decade, Tamil Nadu Newsprint & Papers' Graham Number has ranged from 0.24 to 2.09. According to the industry distribution chart, Tamil Nadu Newsprint & Papers ranks #11 out of 168 companies in the Forest Products industry, placing it in the top 6.5%.
Is Tamil Nadu Newsprint & Papers' Graham Number too high?
Tamil Nadu Newsprint & Papers' current Graham Number of ₹519.08 is 83623% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.09. Based on the distribution chart, Tamil Nadu Newsprint & Papers ranks #11 out of 168 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tamil Nadu Newsprint & Papers has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tamil Nadu Newsprint & Papers' Graham Number compare to competitors?
According to the Forest Products industry distribution chart, Tamil Nadu Newsprint & Papers ranks #11 out of 168 companies for Graham Number. This places Tamil Nadu Newsprint & Papers in the top 7% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.89. Historically, Tamil Nadu Newsprint & Papers' own Graham Number has ranged from 0.24 to 2.09 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 Forest Products company?
The median Graham Number among Forest Products companies is 0.89, based on 168 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 Tamil Nadu Newsprint & Papers and its competitors. For the Forest Products industry, the median Graham Number is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamil Nadu Newsprint & Papers's current Graham Number is ₹519.08, which is 83623% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamil Nadu Newsprint & Papers stock overvalued right now?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers (NSE:TNPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹182.29, compared to a current price of ₹153.88 — trading 15.6% below its estimated fair value. The current Graham Number is ₹519.08, which is 83623% above median its 10-year median of 0.62. Tamil Nadu Newsprint & Papers' overall GF Score™ is 75/100 with 8 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 Tamil Nadu Newsprint & Papers (NSE:TNPL), the current Graham Number is ₹519.08 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 Tamil Nadu Newsprint & Papers (NSE:TNPL) Overvalued in 2026?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers stock appears to be undervalued.
The current stock price of ₹153.88 is trading 15.6% below its estimated GF Value™ of ₹182.29.
GuruFocus considers Tamil Nadu Newsprint & Papers to be Modestly Undervalued.
Key valuation signals for NSE:TNPL:
Graham Number: ₹519.08 (83623% above median its 10-year median of 0.62)
GF Value™: ₹182.29 vs. price of ₹153.88 (15.6% below fair value)
No single metric tells the full story. See the NSE:TNPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
75GF Score
Get the complete analysis for NSE:TNPL
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