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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 (2026-08-05), the stock price of Reach Subsea ASA is kr5.25. Reach Subsea ASA's graham number for the quarter that ended in Mar. 2026 was krN/A. Therefore, Reach Subsea ASA's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Reach Subsea ASA's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Reach Subsea ASA was 2.61. The lowest was 0.57. And the median was 0.99.
OSL:REACH's Price-to-Graham-Number is not ranked *
in the Oil & Gas industry.
Industry Median: 1.1 * 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.
Reach Subsea ASA (OSL:REACH) 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.
Reach Subsea ASA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
5.25
/
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.
Reach Subsea ASA Graham Number Related Terms
Reach Subsea ASA Graham Number Historical Data
* Premium members only.
The historical data trend for Reach Subsea ASA'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.
OSL:REACH vs SLB, BKR, FTI: Graham Number Comparison
For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.
Reach Subsea ASA Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reach Subsea ASA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Reach Subsea ASA'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.
Reach Subsea ASA (OSL:REACH) has a Graham Number of krN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Reach Subsea ASA and its competitors. Over the past decade, Reach Subsea ASA's Graham Number has ranged from 0.57 to 2.61. According to the industry distribution chart, Reach Subsea ASA ranks #999999 out of 611 companies in the Oil & Gas industry.
Is Reach Subsea ASA's Graham Number too high?
Reach Subsea ASA's current Graham Number is krN/A. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.61. Based on the distribution chart, Reach Subsea ASA ranks #999999 out of 611 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Reach Subsea ASA has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's Graham Number compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Reach Subsea ASA ranks #999999 out of 611 companies for Graham Number. This places Reach Subsea ASA in the lower half of its industry. The industry median Graham Number is 1.10. Historically, Reach Subsea ASA's own Graham Number has ranged from 0.57 to 2.61 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 Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.10, based on 611 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 Reach Subsea ASA and its competitors. For the Oil & Gas industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reach Subsea ASA'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 Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (OSL:REACH) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.47, compared to a current price of kr5.25 — trading 18.9% below its estimated fair value. The current Graham Number is krN/A. Reach Subsea ASA's overall GF Score™ is 77/100 with 7 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 Reach Subsea ASA (OSL:REACH), the current Graham Number is krN/A 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 Reach Subsea ASA (OSL:REACH) Overvalued in 2026?
Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued.
The current stock price of kr5.25 is trading 18.9% below its estimated GF Value™ of kr6.47.
GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.
Key valuation signals for OSL:REACH:
Graham Number: krN/A
GF Value™: kr6.47 vs. price of kr5.25 (18.9% below fair value)
No single metric tells the full story. See the OSL:REACH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
77GF Score
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