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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 (2026-07-22), the stock price of ADS Maritime Holding is kr2.40. ADS Maritime Holding's graham number for the quarter that ended in Dec. 2025 was krN/A. Therefore, ADS Maritime Holding's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for ADS Maritime Holding's Graham Number or its related term are showing as below:
During the past 8 years, the highest Price to Graham Number ratio of ADS Maritime Holding was 0.37. The lowest was 0.37. And the median was 0.37.
OSL:ADS's Price-to-Graham-Number is not ranked *
in the Transportation industry.
Industry Median: 1.02 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
ADS Maritime Holding (OSL:ADS) 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.
ADS Maritime Holding's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.40
/
N/A
=
N/A
* 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.
ADS Maritime Holding Graham Number Related Terms
ADS Maritime Holding Graham Number Historical Data
* Premium members only.
The historical data trend for ADS Maritime Holding'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.
ADS Maritime Holding Graham Number Competitor Comparison
For the Marine Shipping subindustry, ADS Maritime Holding'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.
ADS Maritime Holding Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, ADS Maritime Holding's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ADS Maritime Holding'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.
ADS Maritime Holding (OSL:ADS) has a Graham Number of krN/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on ADS Maritime Holding and its competitors. Over the past decade, ADS Maritime Holding's Graham Number has ranged from 0.37 to 0.37. According to the industry distribution chart, ADS Maritime Holding ranks #999999 out of 743 companies in the Transportation industry.
Is ADS Maritime Holding's Graham Number too high?
ADS Maritime Holding's current Graham Number is krN/A. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.37. Based on the distribution chart, ADS Maritime Holding ranks #999999 out of 743 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, ADS Maritime Holding has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADS Maritime Holding's Graham Number compare to competitors?
According to the Transportation industry distribution chart, ADS Maritime Holding ranks #999999 out of 743 companies for Graham Number. This places ADS Maritime Holding in the lower half of its industry. The industry median Graham Number is 1.02. Historically, ADS Maritime Holding's own Graham Number has ranged from 0.37 to 0.37 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 Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 743 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 ADS Maritime Holding and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADS Maritime Holding's current Graham Number is krN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADS Maritime Holding stock overvalued right now?
Based on GuruFocus' analysis, ADS Maritime Holding (OSL:ADS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.07, compared to a current price of kr2.40 — trading 124.3% above its estimated fair value. The current Graham Number is krN/A. ADS Maritime Holding's overall GF Score™ is 46/100 with 3 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 ADS Maritime Holding (OSL:ADS), the current Graham Number is krN/A 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 ADS Maritime Holding (OSL:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, ADS Maritime Holding stock appears to be overvalued.
The current stock price of kr2.40 is trading 124.3% above its estimated GF Value™ of kr1.07.
GuruFocus considers ADS Maritime Holding to be Significantly Overvalued.
Key valuation signals for OSL:ADS:
Graham Number: krN/A
GF Value™: kr1.07 vs. price of kr2.40 (124.3% above fair value)
No single metric tells the full story. See the OSL:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments in quality ships bought at prices discounted to new building parity, as well as projects with long-term secured cashflow, low residual risk, and solid returns on equity. The company's main source of income is dividend received from investments.
46GF Score
Get the complete analysis for OSL:ADS
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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