Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Saga Pure ASAOSL:SAGA 41 Graham Number is kr1.69 as of Dec. 2025, which is 100% below its 10-year median of 0.70. GuruFocus rates OSL:SAGA with a GF Score™ of 41/100. The stock has 5 warning signs investors should review. Among 1,168 Asset Management companies, Saga Pure ASA ranks worse than 66.7% 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 (2026-07-25), the stock price of Saga Pure ASA is kr1.60. Saga Pure ASA's graham number for the quarter that ended in Dec. 2025 was kr1.69. Therefore, Saga Pure ASA's Price to Graham Number ratio for today is 0.95.
The historical rank and industry rank for Saga Pure 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 Saga Pure ASA was 1.03. The lowest was 0.47. And the median was 0.70.
OSL:SAGA's Price-to-Graham-Number is not ranked *
in the Asset Management industry.
Industry Median: 0.7 * 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.
Saga Pure ASA (OSL:SAGA) 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.
Saga Pure ASA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1.60
/
1.69
=
0.95
* 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.
Saga Pure ASA Graham Number Related Terms
Saga Pure ASA Graham Number Historical Data
* Premium members only.
The historical data trend for Saga Pure 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:SAGA vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, Saga Pure 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.
Saga Pure ASA Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Saga Pure ASA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Saga Pure 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.
Saga Pure ASA (OSL:SAGA) has a Graham Number of kr1.69 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Saga Pure ASA and its competitors. This is 141% above median its historical median of 0.70. Over the past decade, Saga Pure ASA's Graham Number has ranged from 0.47 to 1.03. According to the industry distribution chart, Saga Pure ASA ranks #779 out of 1168 companies in the Asset Management industry, placing it in the top 66.7%.
Is Saga Pure ASA's Graham Number too high?
Saga Pure ASA's current Graham Number of kr1.69 is 141% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.03. Based on the distribution chart, Saga Pure ASA ranks #779 out of 1168 companies in the Asset Management industry, which is below the industry midpoint. Overall, Saga Pure ASA has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Saga Pure ASA's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Saga Pure ASA ranks #779 out of 1168 companies for Graham Number. This places Saga Pure ASA in the lower half of its industry. The industry median Graham Number is 0.70. Historically, Saga Pure ASA's own Graham Number has ranged from 0.47 to 1.03 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.70, based on 1,168 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 Saga Pure ASA and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saga Pure ASA's current Graham Number is kr1.69, which is 141% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saga Pure ASA stock overvalued right now?
Saga Pure ASA (OSL:SAGA) has a current Graham Number of kr1.69. The current Graham Number is kr1.69, which is 141% above median its 10-year median of 0.70. Saga Pure ASA's overall GF Score™ is 41/100 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 Saga Pure ASA (OSL:SAGA), the current Graham Number is kr1.69 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.
Saga Pure ASA is an investment company. The Group's primary business activity is focused on investment and management related to industries, energy, and real estate, which includes ownership and investment in other businesses. The company is organised in one main operating segment that invests in financial instruments. All of the Company's activities are interrelated, and each activity is dependent on the others.
41GF Score
Get the complete analysis for OSL:SAGA
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:SAGA has been successfully added to your 
