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What is Happy Square Outsourcing Services Graham Number?
Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 Graham Number is ₹62.84 as of Mar. 2026, which is 100% below its 10-year median of 0.52. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 698 Business Services companies, Happy Square Outsourcing Services ranks better than 81.66% 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 Happy Square Outsourcing Services's Graham Number or its related term are showing as below:
NSE:WHITEFORCE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 0.52 Max: 0.67
Current: 0.64
During the past 4 years, the highest Price to Graham Number ratio of Happy Square Outsourcing Services was 0.67. The lowest was 0.52. And the median was 0.52.
NSE:WHITEFORCE's Price-to-Graham-Number is ranked better than 81.66% of 698
companies
in the Business Services industry
Industry Median: 1.19
vs NSE:WHITEFORCE: 0.64
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Happy Square Outsourcing Services (NSE:WHITEFORCE) 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.
Happy Square Outsourcing Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
40.25
/
62.84
=
0.64
* 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.
Happy Square Outsourcing Services Graham Number Related Terms
Happy Square Outsourcing 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.
Happy Square Outsourcing Services Graham Number Chart
Happy Square Outsourcing Services Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Graham Number
8.01
20.30
32.21
62.87
Happy Square Outsourcing Services Semi-Annual Data
NSE:WHITEFORCE vs KFY, RHI, TNET: Graham Number Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing 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.
Happy Square Outsourcing Services Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing 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.
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a Graham Number of ₹62.84 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Happy Square Outsourcing Services and its competitors. This is 11985% above median its historical median of 0.52. Over the past decade, Happy Square Outsourcing Services' Graham Number has ranged from 0.52 to 0.67. According to the industry distribution chart, Happy Square Outsourcing Services ranks #128 out of 698 companies in the Business Services industry, placing it in the top 18.3%.
Is Happy Square Outsourcing Services' Graham Number too high?
Happy Square Outsourcing Services' current Graham Number of ₹62.84 is 11985% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.67. Based on the distribution chart, Happy Square Outsourcing Services ranks #128 out of 698 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' Graham Number compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #128 out of 698 companies for Graham Number. This places Happy Square Outsourcing Services in the top 18% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.19. Historically, Happy Square Outsourcing Services' own Graham Number has ranged from 0.52 to 0.67 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 Business Services company?
The median Graham Number among Business Services companies is 1.19, based on 698 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 Happy Square Outsourcing Services and its competitors. For the Business Services 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. Happy Square Outsourcing Services's current Graham Number is ₹62.84, which is 11985% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current Graham Number of ₹62.84. The current Graham Number is ₹62.84, which is 11985% above median its 10-year median of 0.52. Happy Square Outsourcing Services' overall GF Score™ is 18/100 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 Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Graham Number is ₹62.84 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.
Happy Square Outsourcing Services Business Description
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
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