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Usha Financial ServicesNSE:USHAFIN 12 Graham Number is ₹81.34 as of Mar. 2026, which is 100% below its 10-year median of 0.37. GuruFocus rates NSE:USHAFIN with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 406 Credit Services companies, Usha Financial Services ranks better than 76.85% 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 Usha Financial Services's Graham Number or its related term are showing as below:
NSE:USHAFIN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36 Med: 0.37 Max: 0.53
Current: 0.52
During the past 5 years, the highest Price to Graham Number ratio of Usha Financial Services was 0.53. The lowest was 0.36. And the median was 0.37.
NSE:USHAFIN's Price-to-Graham-Number is ranked better than 76.85% of 406
companies
in the Credit Services industry
Industry Median: 0.81
vs NSE:USHAFIN: 0.52
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Usha Financial Services (NSE:USHAFIN) 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.
Usha Financial Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
42.00
/
72.78
=
0.58
* 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.
Usha Financial Services Graham Number Related Terms
Usha Financial Services 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.
NSE:USHAFIN vs V, MA, AXP: Graham Number Comparison
For the Credit Services subindustry, Usha Financial Services'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.
Usha Financial Services Price-to-Graham-Number vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Usha Financial Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Usha Financial Services'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.
Usha Financial Services (NSE:USHAFIN) has a Graham Number of ₹81.34 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Usha Financial Services and its competitors. This is 21884% above median its historical median of 0.37. Over the past decade, Usha Financial Services' Graham Number has ranged from 0.36 to 0.53. According to the industry distribution chart, Usha Financial Services ranks #94 out of 406 companies in the Credit Services industry, placing it in the top 23.2%.
Is Usha Financial Services' Graham Number too high?
Usha Financial Services' current Graham Number of ₹81.34 is 21884% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.53. Based on the distribution chart, Usha Financial Services ranks #94 out of 406 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Usha Financial Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Usha Financial Services' Graham Number compare to V and MA?
According to the Credit Services industry distribution chart, Usha Financial Services ranks #94 out of 406 companies for Graham Number. This places Usha Financial Services in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.81. Historically, Usha Financial Services' own Graham Number has ranged from 0.36 to 0.53 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 Credit Services company?
The median Graham Number among Credit Services companies is 0.81, based on 406 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 Usha Financial Services and its competitors. For the Credit Services industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Financial Services's current Graham Number is ₹81.34, which is 21884% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Financial Services stock overvalued right now?
Usha Financial Services (NSE:USHAFIN) has a current Graham Number of ₹81.34. The current Graham Number is ₹81.34, which is 21884% above median its 10-year median of 0.37. Usha Financial Services' overall GF Score™ is 12/100 with 3 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 Usha Financial Services (NSE:USHAFIN), the current Graham Number is ₹81.34 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.
Usha Financial Services Ltd is a non-banking finance company. It provides lending solutions to fellow NBFCs, corporates, MSMEs, and individuals, particularly to women entrepreneurs. The company's services also extend to Electric vehicle (EV) financing. It provides diversified financial products to individuals, bodies corporates, NBFCs, and MSMEs.
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