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Delegat GroupNZSE:DGL +1.69%83 Graham Number is NZ$8.75 as of Dec. 2025, which is 100% below its 10-year median of 1.30. GuruFocus rates NZSE:DGL with a GF Score™ of 83/100 and a GF Value™ of NZ$5.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 135 Beverages - Alcoholic companies, Delegat Group ranks better than 91.85% 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.
As of today (2026-07-29), the stock price of Delegat Group is NZ$4.22. Delegat Group's graham number for the quarter that ended in Dec. 2025 was NZ$8.75. Therefore, Delegat Group's Price to Graham Number ratio for today is 0.48.
The historical rank and industry rank for Delegat Group's Graham Number or its related term are showing as below:
NZSE:DGL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.35 Med: 1.3 Max: 1.92
Current: 0.48
During the past 13 years, the highest Price to Graham Number ratio of Delegat Group was 1.92. The lowest was 0.35. And the median was 1.30.
NZSE:DGL's Price-to-Graham-Number is ranked better than 91.85% of 135
companies
in the Beverages - Alcoholic industry
Industry Median: 1.51
vs NZSE:DGL: 0.48
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Delegat Group (NZSE:DGL) 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.
Delegat Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
4.22
/
8.75
=
0.48
* 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.
Delegat Group Graham Number Related Terms
Delegat Group Graham Number Historical Data
* Premium members only.
The historical data trend for Delegat Group'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 Beverages - Wineries & Distilleries subindustry, Delegat Group'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.
Delegat Group Price-to-Graham-Number vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Delegat Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Delegat Group'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.
Delegat Group (NZSE:DGL) has a Graham Number of NZ$8.75 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Delegat Group and its competitors. This is 573% above median its historical median of 1.30. Over the past decade, Delegat Group's Graham Number has ranged from 0.35 to 1.92. According to the industry distribution chart, Delegat Group ranks #11 out of 135 companies in the Beverages - Alcoholic industry, placing it in the top 8.1%.
Is Delegat Group's Graham Number too high?
Delegat Group's current Graham Number of NZ$8.75 is 573% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.92. Based on the distribution chart, Delegat Group ranks #11 out of 135 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Delegat Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Delegat Group's Graham Number compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Delegat Group ranks #11 out of 135 companies for Graham Number. This places Delegat Group in the top 8% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.51. Historically, Delegat Group's own Graham Number has ranged from 0.35 to 1.92 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 Beverages - Alcoholic company?
The median Graham Number among Beverages - Alcoholic companies is 1.51, based on 135 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 Delegat Group and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delegat Group's current Graham Number is NZ$8.75, which is 573% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delegat Group stock overvalued right now?
Based on GuruFocus' analysis, Delegat Group (NZSE:DGL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$5.16, compared to a current price of NZ$4.22 — trading 18.2% below its estimated fair value. The current Graham Number is NZ$8.75, which is 573% above median its 10-year median of 1.30. Delegat Group's overall GF Score™ is 83/100 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 Delegat Group (NZSE:DGL), the current Graham Number is NZ$8.75 as of Dec. 2025. 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 Delegat Group (NZSE:DGL) Overvalued in 2026?
Based on GuruFocus' analysis, Delegat Group stock appears to be undervalued.
The current stock price of NZ$4.22 is trading 18.2% below its estimated GF Value™ of NZ$5.16.
GuruFocus considers Delegat Group to be Modestly Undervalued.
Key valuation signals for NZSE:DGL:
Graham Number: NZ$8.75 (573% above median its 10-year median of 1.30)
GF Value™: NZ$5.16 vs. price of NZ$4.22 (18.2% below fair value)
No single metric tells the full story. See the NZSE:DGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delegat Group Ltd is a wine production and distribution company. It markets its products under the Oyster Bay and Barossa Valley Estate brands. The group's primary source of revenue is derived by providing wine to third-party retailers and distributors. Its segments are Delegat Limited, Delegat Australia Pty Ltd, Delegat Europe Limited, Delegat USA, Inc and Others. The group generates the majority of the revenue from Delegat Limited. Geographically, it operates in Australia, United States of America, New Zealand and Others.
83GF Score
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