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Vadilal EnterprisesNSE:VADILENT -3.96%23 Graham Number is ₹1,019.51 as of Mar. 2026, which is 100% below its 10-year median of 10.31. GuruFocus rates NSE:VADILENT with a GF Score™ of 23/100 and a GF Value™ of ₹6,943.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 232 Retail - Defensive companies, Vadilal Enterprises ranks worse than 99.14% 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 (2026-08-21), the stock price of Vadilal Enterprises is ₹9700.00. Vadilal Enterprises's graham number for the quarter that ended in Mar. 2026 was ₹1,019.51. Therefore, Vadilal Enterprises's Price to Graham Number ratio for today is 9.51.
The historical rank and industry rank for Vadilal Enterprises's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Vadilal Enterprises was 19.65. The lowest was 6.00. And the median was 10.31.
NSE:VADILENT's Price-to-Graham-Number is not ranked *
in the Retail - Defensive industry.
Industry Median: 1.245 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Vadilal Enterprises (NSE:VADILENT) 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.
Vadilal Enterprises's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
9700.00
/
1,019.51
=
9.51
* 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.
Vadilal Enterprises Graham Number Related Terms
Vadilal Enterprises Graham Number Historical Data
* Premium members only.
The historical data trend for Vadilal Enterprises'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 Food Distribution subindustry, Vadilal Enterprises'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.
Vadilal Enterprises Price-to-Graham-Number vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Vadilal Enterprises's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Vadilal Enterprises'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.
Vadilal Enterprises (NSE:VADILENT) has a Graham Number of ₹1,019.51 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vadilal Enterprises and its competitors. This is 9789% above median its historical median of 10.31. Over the past decade, Vadilal Enterprises' Graham Number has ranged from 6.00 to 19.65. According to the industry distribution chart, Vadilal Enterprises ranks #230 out of 232 companies in the Retail - Defensive industry, placing it in the top 99.1%.
Is Vadilal Enterprises' Graham Number too high?
Vadilal Enterprises' current Graham Number of ₹1,019.51 is 9789% above median its 10-year median of 10.31. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 19.65. Based on the distribution chart, Vadilal Enterprises ranks #230 out of 232 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Vadilal Enterprises has a GF Score™ of 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vadilal Enterprises' Graham Number compare to ?
According to the Retail - Defensive industry distribution chart, Vadilal Enterprises ranks #230 out of 232 companies for Graham Number. This places Vadilal Enterprises in the lower half of its industry. The industry median Graham Number is 1.25. Historically, Vadilal Enterprises' own Graham Number has ranged from 6.00 to 19.65 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 Retail - Defensive company?
The median Graham Number among Retail - Defensive companies is 1.25, based on 232 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 Vadilal Enterprises and its competitors. For the Retail - Defensive industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vadilal Enterprises's current Graham Number is ₹1,019.51, which is 9789% above median its own 10-year median of 10.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vadilal Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Vadilal Enterprises (NSE:VADILENT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹6,943.34, compared to a current price of ₹9,700.00 — trading 39.7% above its estimated fair value. The current Graham Number is ₹1,019.51, which is 9789% above median its 10-year median of 10.31. Vadilal Enterprises' overall GF Score™ is 23/100 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 Vadilal Enterprises (NSE:VADILENT), the current Graham Number is ₹1,019.51 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 Vadilal Enterprises (NSE:VADILENT) Overvalued in 2026?
Based on GuruFocus' analysis, Vadilal Enterprises stock appears to be overvalued.
The current stock price of ₹9,700.00 is trading 39.7% above its estimated GF Value™ of ₹6,943.34.
GuruFocus considers Vadilal Enterprises to be Significantly Overvalued.
Key valuation signals for NSE:VADILENT:
Graham Number: ₹1,019.51 (9789% above median its 10-year median of 10.31)
GF Value™: ₹6,943.34 vs. price of ₹9,700.00 (39.7% above fair value)
No single metric tells the full story. See the NSE:VADILENT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vadilal Enterprises Ltd is a food and beverage company. The company's primary segment is Food Products which is ice cream, frozen dessert, process food, Flavored milk, and dairy products.
23GF Score
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