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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 (2026-08-09), the stock price of Nitro Games is kr2.29. Nitro Games's graham number for the quarter that ended in Mar. 2026 was krN/A. Therefore, Nitro Games's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Nitro Games's Graham Number or its related term are showing as below:
OSTO:NITRO's Price-to-Graham-Number is not ranked *
in the Interactive Media industry.
Industry Median: 1.315 * 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.
Nitro Games (OSTO:NITRO) 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.
Nitro Games's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2.29
/
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.
Nitro Games Graham Number Related Terms
Nitro Games Graham Number Historical Data
* Premium members only.
The historical data trend for Nitro Games'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.
OSTO:NITRO vs NTES, EA, TTWO: Graham Number Comparison
For the Electronic Gaming & Multimedia subindustry, Nitro Games'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.
Nitro Games Price-to-Graham-Number vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Nitro Games's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nitro Games'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.
Nitro Games (OSTO:NITRO) 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 Nitro Games and its competitors. According to the industry distribution chart, Nitro Games ranks #999999 out of 278 companies in the Interactive Media industry.
Is Nitro Games' Graham Number too high?
Nitro Games' current Graham Number is krN/A. Based on the distribution chart, Nitro Games ranks #999999 out of 278 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Nitro Games has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitro Games' Graham Number compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nitro Games ranks #999999 out of 278 companies for Graham Number. This places Nitro Games in the lower half of its industry. The industry median Graham Number is 1.32. 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 Interactive Media company?
The median Graham Number among Interactive Media companies is 1.32, based on 278 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 Nitro Games and its competitors. For the Interactive Media industry, the median Graham Number is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitro Games'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 Nitro Games stock overvalued right now?
Based on GuruFocus' analysis, Nitro Games (OSTO:NITRO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.41, compared to a current price of kr2.29 — trading 62.4% above its estimated fair value. The current Graham Number is krN/A. Nitro Games' overall GF Score™ is 64/100 with 8 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 Nitro Games (OSTO:NITRO), 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 Nitro Games (OSTO:NITRO) Overvalued in 2026?
Based on GuruFocus' analysis, Nitro Games stock appears to be overvalued.
The current stock price of kr2.29 is trading 62.4% above its estimated GF Value™ of kr1.41.
GuruFocus considers Nitro Games to be Significantly Overvalued.
Key valuation signals for OSTO:NITRO:
Graham Number: krN/A
GF Value™: kr1.41 vs. price of kr2.29 (62.4% above fair value)
No single metric tells the full story. See the OSTO:NITRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitro Games PLC is a free-to-play mobile game developer and publisher. It develops and publishes games for international distribution and sells its expertise as a service to international gaming players as part of its services business. The company specializes in action and shooter games. It has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, Raids of Glory, and many more. Geographically, the company generates the majority of its revenue from North America, and the rest from the EU, the United Kingdom, and other countries.
64GF Score
Get the complete analysis for OSTO:NITRO
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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