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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.
The historical rank and industry rank for INVL Baltic Real Estate's Graham Number or its related term are showing as below:
OVSE:INR1L'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34 Med: 0.5 Max: 0.86
Current: 0.73
During the past 13 years, the highest Price to Graham Number ratio of INVL Baltic Real Estate was 0.86. The lowest was 0.34. And the median was 0.50.
OVSE:INR1L's Price-to-Graham-Number is ranked better than 50.61% of 1150
companies
in the Real Estate industry
Industry Median: 0.73
vs OVSE:INR1L: 0.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
INVL Baltic Real Estate (OVSE:INR1L) 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.
INVL Baltic Real Estate's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
3.04
/
4.14
=
0.73
* 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.
INVL Baltic Real Estate Graham Number Related Terms
INVL Baltic Real Estate 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.
OVSE:INR1L vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, INVL Baltic Real Estate'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.
INVL Baltic Real Estate Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, INVL Baltic Real Estate's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where INVL Baltic Real Estate'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.
INVL Baltic Real Estate (OVSE:INR1L) has a Graham Number of €4.14 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on INVL Baltic Real Estate and its competitors. According to the industry distribution chart, INVL Baltic Real Estate ranks #568 out of 1150 companies in the Real Estate industry, placing it in the top 49.4%.
Is INVL Baltic Real Estate's Graham Number too high?
INVL Baltic Real Estate's current Graham Number is €4.14. Based on the distribution chart, INVL Baltic Real Estate ranks #568 out of 1150 companies in the Real Estate industry, which is above the industry midpoint. Overall, INVL Baltic Real Estate has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does INVL Baltic Real Estate's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, INVL Baltic Real Estate ranks #568 out of 1150 companies for Graham Number. This puts INVL Baltic Real Estate in the upper half of its industry. The industry median Graham Number is 0.73. 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 0.73, based on 1,150 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 INVL Baltic Real Estate and its competitors. For the Real Estate industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INVL Baltic Real Estate's current Graham Number is €4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INVL Baltic Real Estate stock overvalued right now?
Based on GuruFocus' analysis, INVL Baltic Real Estate (OVSE:INR1L) is currently considered Fairly Valued. The stock's GF Value™ is €2.88, compared to a current price of €3.04 — trading 5.6% above its estimated fair value. The current Graham Number is €4.14. INVL Baltic Real Estate's overall GF Score™ is 63/100 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 INVL Baltic Real Estate (OVSE:INR1L), the current Graham Number is €4.14 as of Jun. 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 INVL Baltic Real Estate (OVSE:INR1L) Overvalued in 2026?
Based on GuruFocus' analysis, INVL Baltic Real Estate stock appears to be overvalued.
The current stock price of €3.04 is trading 5.6% above its estimated GF Value™ of €2.88.
GuruFocus considers INVL Baltic Real Estate to be Fairly Valued.
Key valuation signals for OVSE:INR1L:
Graham Number: €4.14
GF Value™: €2.88 vs. price of €3.04 (5.6% above fair value)
No single metric tells the full story. See the OVSE:INR1L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INVL Baltic Real Estate is a real estate investment company seeks to ensure the growth of rental income and earn from investments in commercial real estate. The companies owned by INVL Baltic Real Estate invested in commercial real estate: business centers, manufacturing and warehouse properties in Lithuania and Latvia. All the properties are characterized by high occupancy rates and generate stable financial flow. INVL Baltic Real Estate is operating as a closed-end investment company.
63GF Score
Get the complete analysis for OVSE:INR1L
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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