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Swiss Properties Invest ASOCSE:SWISS -2.86%28 Graham Number is kr191.96 as of Dec. 2025, which is 100% below its 10-year median of 0.52. GuruFocus rates OCSE:SWISS with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,169 Real Estate companies, Swiss Properties Invest AS ranks better than 69.72% 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 Swiss Properties Invest AS's Graham Number or its related term are showing as below:
OCSE:SWISS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.32 Med: 0.52 Max: 0.78
Current: 0.53
During the past 5 years, the highest Price to Graham Number ratio of Swiss Properties Invest AS was 0.78. The lowest was 0.32. And the median was 0.52.
OCSE:SWISS's Price-to-Graham-Number is ranked better than 69.72% of 1169
companies
in the Real Estate industry
Industry Median: 0.74
vs OCSE:SWISS: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Swiss Properties Invest AS (OCSE:SWISS) 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.
Swiss Properties Invest AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
102.00
/
191.96
=
0.53
* 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.
Swiss Properties Invest AS Graham Number Related Terms
Swiss Properties Invest AS 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.
OCSE:SWISS vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Swiss Properties Invest 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.
Swiss Properties Invest AS Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Swiss Properties Invest AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Swiss Properties Invest 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.
Swiss Properties Invest AS (OCSE:SWISS) has a Graham Number of kr191.96 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Swiss Properties Invest AS and its competitors. This is 36815% above median its historical median of 0.52. Over the past decade, Swiss Properties Invest AS's Graham Number has ranged from 0.32 to 0.78. According to the industry distribution chart, Swiss Properties Invest AS ranks #354 out of 1169 companies in the Real Estate industry, placing it in the top 30.3%.
Is Swiss Properties Invest AS's Graham Number too high?
Swiss Properties Invest AS's current Graham Number of kr191.96 is 36815% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.78. Based on the distribution chart, Swiss Properties Invest AS ranks #354 out of 1169 companies in the Real Estate industry, which is above the industry midpoint. Overall, Swiss Properties Invest AS has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Swiss Properties Invest AS's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swiss Properties Invest AS ranks #354 out of 1169 companies for Graham Number. This puts Swiss Properties Invest AS in the upper half of its industry. The industry median Graham Number is 0.74. Historically, Swiss Properties Invest AS's own Graham Number has ranged from 0.32 to 0.78 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,169 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 Swiss Properties Invest AS and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Properties Invest AS's current Graham Number is kr191.96, which is 36815% 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 Swiss Properties Invest AS stock overvalued right now?
Swiss Properties Invest AS (OCSE:SWISS) has a current Graham Number of kr191.96. The current Graham Number is kr191.96, which is 36815% above median its 10-year median of 0.52. Swiss Properties Invest AS's overall GF Score™ is 28/100 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 Swiss Properties Invest AS (OCSE:SWISS), the current Graham Number is kr191.96 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.
Swiss Properties Invest AS is the Danish holding company of its wholly owned subsidiary that owns, operates, optimizes, and develops a portfolio of attractive commercial properties for renting out commercial space in selected regions in Switzerland with the purpose of creating shareholder value for its investors.
28GF Score
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