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Alm Brand ASOCSE:ALMB +0.82%49 Graham Number is kr4.45 as of Jun. 2026, which is 100% below its 10-year median of 1.36. GuruFocus rates OCSE:ALMB with a GF Score™ of 49/100 and a GF Value™ of kr14.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 425 Insurance companies, Alm Brand AS ranks worse than 96% 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 (2026-07-20), the stock price of Alm Brand AS is kr17.27. Alm Brand AS's graham number for the quarter that ended in Jun. 2026 was kr4.45. Therefore, Alm Brand AS's Price to Graham Number ratio for today is 3.88.
The historical rank and industry rank for Alm Brand AS's Graham Number or its related term are showing as below:
OCSE:ALMB'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 1.36 Max: 4.15
Current: 3.88
During the past 13 years, the highest Price to Graham Number ratio of Alm Brand AS was 4.15. The lowest was 0.56. And the median was 1.36.
OCSE:ALMB's Price-to-Graham-Number is ranked worse than 96% of 425
companies
in the Insurance industry
Industry Median: 0.93
vs OCSE:ALMB: 3.88
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Alm Brand AS (OCSE:ALMB) 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.
Alm Brand AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
17.27
/
4.45
=
3.88
* 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.
Alm Brand AS Graham Number Related Terms
Alm Brand AS Graham Number Historical Data
* Premium members only.
The historical data trend for Alm Brand AS'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.
OCSE:ALMB vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, Alm Brand AS'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.
Alm Brand AS Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Alm Brand AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Alm Brand AS'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.
Alm Brand AS (OCSE:ALMB) has a Graham Number of kr4.45 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Alm Brand AS and its competitors. This is 227% above median its historical median of 1.36. Over the past decade, Alm Brand AS's Graham Number has ranged from 0.56 to 4.15. According to the industry distribution chart, Alm Brand AS ranks #408 out of 425 companies in the Insurance industry, placing it in the top 96%.
Is Alm Brand AS's Graham Number too high?
Alm Brand AS's current Graham Number of kr4.45 is 227% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 4.15. Based on the distribution chart, Alm Brand AS ranks #408 out of 425 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Alm Brand AS has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alm Brand AS's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Alm Brand AS ranks #408 out of 425 companies for Graham Number. This places Alm Brand AS in the lower half of its industry. The industry median Graham Number is 0.93. Historically, Alm Brand AS's own Graham Number has ranged from 0.56 to 4.15 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 an Insurance company?
The median Graham Number among Insurance companies is 0.93, based on 425 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 Alm Brand AS and its competitors. For the Insurance industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alm Brand AS's current Graham Number is kr4.45, which is 227% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alm Brand AS stock overvalued right now?
Based on GuruFocus' analysis, Alm Brand AS (OCSE:ALMB) is currently considered Modestly Overvalued. The stock's GF Value™ is kr14.62, compared to a current price of kr17.27 — trading 18.1% above its estimated fair value. The current Graham Number is kr4.45, which is 227% above median its 10-year median of 1.36. Alm Brand AS's overall GF Score™ is 49/100 with 6 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 Alm Brand AS (OCSE:ALMB), the current Graham Number is kr4.45 as of Jun. 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 Alm Brand AS (OCSE:ALMB) Overvalued in 2026?
Based on GuruFocus' analysis, Alm Brand AS stock appears to be overvalued.
The current stock price of kr17.27 is trading 18.1% above its estimated GF Value™ of kr14.62.
GuruFocus considers Alm Brand AS to be Modestly Overvalued.
Key valuation signals for OCSE:ALMB:
Graham Number: kr4.45 (227% above median its 10-year median of 1.36)
GF Value™: kr14.62 vs. price of kr17.27 (18.1% above fair value)
No single metric tells the full story. See the OCSE:ALMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment, which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment, which comprises sales to agricultural and commercial customers through its own sales channels and partnerships, and the Non-life insurance segment, which is also its key revenue-generating segment. Geographically, the company generates the majority of its revenue from Denmark.
49GF Score
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