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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.
SAU:1834'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.39 Med: 1.89 Max: 2.63
Current: 1.39
During the past 7 years, the highest Price to Graham Number ratio of Saudi Manpower Solutions Co (SMASCO) was 2.63. The lowest was 1.39. And the median was 1.89.
SAU:1834's Price-to-Graham-Number is ranked worse than 57.18% of 703
companies
in the Business Services industry
Industry Median: 1.16
vs SAU:1834: 1.39
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Saudi Manpower Solutions Co (SMASCO) (SAU:1834) 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.
Saudi Manpower Solutions Co (SMASCO)'s Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
5.57
/
4.02
=
1.39
* 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.
Saudi Manpower Solutions Co (SMASCO) Graham Number Related Terms
Saudi Manpower Solutions Co (SMASCO) 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.
Saudi Manpower Solutions Co (SMASCO) Graham Number Chart
SAU:1834 vs RHI, KFY, TNET: Graham Number Comparison
For the Staffing & Employment Services subindustry, Saudi Manpower Solutions Co (SMASCO)'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.
Saudi Manpower Solutions Co (SMASCO) Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Saudi Manpower Solutions Co (SMASCO)'s Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Saudi Manpower Solutions Co (SMASCO)'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.
Saudi Manpower Solutions Co (SMASCO) (SAU:1834) has a Graham Number of ﷼4.02 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Saudi Manpower Solutions Co (SMASCO) and its competitors. According to the industry distribution chart, Saudi Manpower Solutions Co (SMASCO) ranks #402 out of 703 companies in the Business Services industry, placing it in the top 57.2%.
Is Saudi Manpower Solutions Co (SMASCO)'s Graham Number too high?
Saudi Manpower Solutions Co (SMASCO)'s current Graham Number is ﷼4.02. Based on the distribution chart, Saudi Manpower Solutions Co (SMASCO) ranks #402 out of 703 companies in the Business Services industry, which is below the industry midpoint. Overall, Saudi Manpower Solutions Co (SMASCO) has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Saudi Manpower Solutions Co (SMASCO)'s Graham Number compare to RHI and KFY?
According to the Business Services industry distribution chart, Saudi Manpower Solutions Co (SMASCO) ranks #402 out of 703 companies for Graham Number. This places Saudi Manpower Solutions Co (SMASCO) in the lower half of its industry. The industry median Graham Number is 1.16. 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 1.16, based on 703 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 Saudi Manpower Solutions Co (SMASCO) and its competitors. For the Business Services industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Manpower Solutions Co (SMASCO)'s current Graham Number is ﷼4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Manpower Solutions Co (SMASCO) stock overvalued right now?
Saudi Manpower Solutions Co (SMASCO) (SAU:1834) has a current Graham Number of ﷼4.02. The current Graham Number is ﷼4.02. Saudi Manpower Solutions Co (SMASCO)'s overall GF Score™ is 19/100. 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 Saudi Manpower Solutions Co (SMASCO) (SAU:1834), the current Graham Number is ﷼4.02 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.
Saudi Manpower Solutions Co (SMASCO) mainly provides employment agency services and administration and support to individuals and businesses for temporary employment of foreign labour. The Group's reportable operating segments are: Corporate, Individuals, Logistic, and Others. Maximum revenue is derived from the Corporate segment, which provides services of expatriate and Saudi labour to companies whose contracts extend for two years. The Individuals segment provides home labour services to individual customers whose contract duration ranges from one month to two years, including various hourly works, and the Logistic segment includes storage facilities for all types of goods, accommodation services, and transportation services.
19GF Score
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