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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 (2026-08-25), the stock price of Napier Port Holdings is NZ$3.54. Napier Port Holdings's graham number for the quarter that ended in Mar. 2026 was NZ$2.60. Therefore, Napier Port Holdings's Price to Graham Number ratio for today is 1.36.
The historical rank and industry rank for Napier Port Holdings's Graham Number or its related term are showing as below:
NZSE:NPH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95 Med: 1.28 Max: 1.82
Current: 1.36
During the past 7 years, the highest Price to Graham Number ratio of Napier Port Holdings was 1.82. The lowest was 0.95. And the median was 1.28.
NZSE:NPH's Price-to-Graham-Number is ranked worse than 65.82% of 746
companies
in the Transportation industry
Industry Median: 1.03
vs NZSE:NPH: 1.36
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Napier Port Holdings (NZSE:NPH) 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.
Napier Port Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.54
/
2.60
=
1.36
* 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.
Napier Port Holdings Graham Number Related Terms
Napier Port Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Napier Port Holdings'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 Marine Shipping subindustry, Napier Port Holdings'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.
Napier Port Holdings Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Napier Port Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Napier Port Holdings'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.
Napier Port Holdings (NZSE:NPH) has a Graham Number of NZ$2.60 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Napier Port Holdings and its competitors. According to the industry distribution chart, Napier Port Holdings ranks #491 out of 746 companies in the Transportation industry, placing it in the top 65.8%.
Is Napier Port Holdings' Graham Number too high?
Napier Port Holdings' current Graham Number is NZ$2.60. Based on the distribution chart, Napier Port Holdings ranks #491 out of 746 companies in the Transportation industry, which is below the industry midpoint. Overall, Napier Port Holdings has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Napier Port Holdings' Graham Number compare to KEX?
According to the Transportation industry distribution chart, Napier Port Holdings ranks #491 out of 746 companies for Graham Number. This places Napier Port Holdings in the lower half of its industry. The industry median Graham Number is 1.03. 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 Transportation company?
The median Graham Number among Transportation companies is 1.03, based on 746 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 Napier Port Holdings and its competitors. For the Transportation industry, the median Graham Number is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Napier Port Holdings's current Graham Number is NZ$2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Napier Port Holdings stock overvalued right now?
Based on GuruFocus' analysis, Napier Port Holdings (NZSE:NPH) is currently considered Fairly Valued. The stock's GF Value™ is NZ$3.38, compared to a current price of NZ$3.54 — trading 4.7% above its estimated fair value. The current Graham Number is NZ$2.60. Napier Port Holdings' overall GF Score™ is 93/100 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 Napier Port Holdings (NZSE:NPH), the current Graham Number is NZ$2.60 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 Napier Port Holdings (NZSE:NPH) Overvalued in 2026?
Based on GuruFocus' analysis, Napier Port Holdings stock appears to be overvalued.
The current stock price of NZ$3.54 is trading 4.7% above its estimated GF Value™ of NZ$3.38.
GuruFocus considers Napier Port Holdings to be Fairly Valued.
Key valuation signals for NZSE:NPH:
Graham Number: NZ$2.60
GF Value™: NZ$3.38 vs. price of NZ$3.54 (4.7% above fair value)
No single metric tells the full story. See the NZSE:NPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Napier Port Holdings Ltd is engaged in providing port and logistics services. The Group operates in one reportable segment bein Port Services. This consists of providing and managing port services and cargo handling infrastructure through Napier Port. Within the Port Services reportable segment the following operating segments have been identified: marine services, general cargo services, container services, port pack services and depot services. Geographically, it derives a majority of its revenue from New Zealand, with maximum revenue from Container Services.
93GF Score
Get the complete analysis for NZSE:NPH
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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