Paxys (PHS:PAX) Graham Number: ₱4.66 (As of Mar. 2026) — 189% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PHS:PAX Paxys Inc PHS:PAX
23 GF Score
Price ₱1.99
! 5 Warning Signs
View Full Analysis

What is Paxys Graham Number?

Paxys PHS:PAX 23 Graham Number is ₱4.66 as of Mar. 2026, which is 100% below its 10-year median of 1.61. GuruFocus rates PHS:PAX with a GF Score™ of 23/100. The stock has 5 warning signs investors should review. Among 699 Business Services companies, Paxys ranks better than 92.85% 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 (2026-07-19), the stock price of Paxys is ₱1.99. Paxys's graham number for the quarter that ended in Mar. 2026 was ₱4.66. Therefore, Paxys's Price to Graham Number ratio for today is 0.43.

The historical rank and industry rank for Paxys's Graham Number or its related term are showing as below:

PHS:PAX' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.27   Med: 1.61   Max: 6.15
Current: 0.43

During the past 13 years, the highest Price to Graham Number ratio of Paxys was 6.15. The lowest was 0.27. And the median was 1.61.

PHS:PAX's Price-to-Graham-Number is ranked better than
92.85% of 699 companies
in the Business Services industry
Industry Median: 1.18 vs PHS:PAX: 0.43

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Paxys  (PHS:PAX) 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.

Paxys's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=1.99/4.66
=0.43

* 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.


Paxys Graham Number Related Terms


Paxys Graham Number Historical Data

* Premium members only.

The historical data trend for Paxys'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.

Paxys Graham Number Chart

Paxys Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.09 3.98 4.46 4.53

Paxys Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.41 4.24 4.73 4.61 4.66

PHS:PAX vs CTAS, CPRT, ULS: Graham Number Comparison

For the Specialty Business Services subindustry, Paxys'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.


Paxys Price-to-Graham-Number vs Business Services Industry

For the Business Services industry and Industrials sector, Paxys's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Paxys's Price-to-Graham-Number falls into.


PHS:PAX
23GF Score
Paxys Inc PHS:PAX
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paxys Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Paxys's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*5.696*0.16)
=4.53

Paxys's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*5.875*0.164)
=4.66

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₱4.66 mean?
Paxys (PHS:PAX) has a Graham Number of ₱4.66 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Paxys and its competitors. This is 189% above median its historical median of 1.61. Over the past decade, Paxys' Graham Number has ranged from 0.27 to 6.15. According to the industry distribution chart, Paxys ranks #50 out of 699 companies in the Business Services industry, placing it in the top 7.2%.
Is Paxys' Graham Number too high?
Paxys' current Graham Number of ₱4.66 is 189% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 6.15. Based on the distribution chart, Paxys ranks #50 out of 699 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Paxys has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Paxys' Graham Number compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Paxys ranks #50 out of 699 companies for Graham Number. This places Paxys in the top 7% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.18. Historically, Paxys' own Graham Number has ranged from 0.27 to 6.15 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 Business Services company?
The median Graham Number among Business Services companies is 1.18, based on 699 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 Paxys and its competitors. For the Business Services industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paxys's current Graham Number is ₱4.66, which is 189% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paxys stock overvalued right now?
Paxys (PHS:PAX) has a current Graham Number of ₱4.66. The current Graham Number is ₱4.66, which is 189% above median its 10-year median of 1.61. Paxys' overall GF Score™ is 23/100 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 Paxys (PHS:PAX), the current Graham Number is ₱4.66 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.

Paxys Business Description

Address Ayala Avenue, 15th Floor, 6750 Ayala Office Tower, Makati City, PHL, 1226
Paxys Inc is an investment holding company engaged in providing diversified services, including business process outsourcing and data conversion, mainly in the Philippines and internationally. The Group has divested its call center, salary packaging, IT consulting, and software solutions businesses. It operates through two segments: the Services segment, which includes managed services, leasing and subleasing, and other outsourcing services, mainly managed and operated in the Philippines; and the Investment Holding segment, which comprises the Parent Company and other non-operating subsidiaries that invest excess funds in investment securities and bank deposits. The majority of the Group's revenue is generated from the Investment Holding segment.
23GF Score

Get the complete analysis for PHS:PAX

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱1.99
Price