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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 (2026-09-11), the stock price of Arabian Pipes Co is ﷼5.52. Arabian Pipes Co's graham number for the quarter that ended in Jun. 2026 was ﷼3.30. Therefore, Arabian Pipes Co's Price to Graham Number ratio for today is 1.67.
The historical rank and industry rank for Arabian Pipes Co's Graham Number or its related term are showing as below:
SAU:2200'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.86 Med: 1.47 Max: 2.83
Current: 1.67
During the past 13 years, the highest Price to Graham Number ratio of Arabian Pipes Co was 2.83. The lowest was 0.86. And the median was 1.47.
SAU:2200's Price-to-Graham-Number is ranked worse than 77.01% of 435
companies
in the Steel industry
Industry Median: 0.94
vs SAU:2200: 1.67
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Arabian Pipes Co (SAU:2200) 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.
Arabian Pipes Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
5.52
/
3.30
=
1.67
* 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.
Arabian Pipes Co Graham Number Related Terms
Arabian Pipes Co Graham Number Historical Data
* Premium members only.
The historical data trend for Arabian Pipes Co'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.
SAU:2200 vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Arabian Pipes Co'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.
Arabian Pipes Co Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Arabian Pipes Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Arabian Pipes Co'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.
Arabian Pipes Co (SAU:2200) has a Graham Number of ﷼3.30 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Arabian Pipes Co and its competitors. According to the industry distribution chart, Arabian Pipes Co ranks #335 out of 435 companies in the Steel industry, placing it in the top 77%.
Is Arabian Pipes Co's Graham Number too high?
Arabian Pipes Co's current Graham Number is ﷼3.30. Based on the distribution chart, Arabian Pipes Co ranks #335 out of 435 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Arabian Pipes Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arabian Pipes Co's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Arabian Pipes Co ranks #335 out of 435 companies for Graham Number. This places Arabian Pipes Co in the lower half of its industry. The industry median Graham Number is 0.94. 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 Steel company?
The median Graham Number among Steel companies is 0.94, based on 435 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 Arabian Pipes Co and its competitors. For the Steel industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arabian Pipes Co's current Graham Number is ﷼3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arabian Pipes Co stock overvalued right now?
Based on GuruFocus' analysis, Arabian Pipes Co (SAU:2200) is currently considered Significantly Overvalued. The stock's GF Value™ is ﷼3.98, compared to a current price of ﷼5.52 — trading 38.7% above its estimated fair value. The current Graham Number is ﷼3.30. Arabian Pipes Co's overall GF Score™ is 72/100 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 Arabian Pipes Co (SAU:2200), the current Graham Number is ﷼3.30 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 Arabian Pipes Co (SAU:2200) Overvalued in 2026?
Based on GuruFocus' analysis, Arabian Pipes Co stock appears to be overvalued.
The current stock price of ﷼5.52 is trading 38.7% above its estimated GF Value™ of ﷼3.98.
GuruFocus considers Arabian Pipes Co to be Significantly Overvalued.
Key valuation signals for SAU:2200:
Graham Number: ﷼3.30
GF Value™: ﷼3.98 vs. price of ﷼5.52 (38.7% above fair value)
No single metric tells the full story. See the SAU:2200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arabian Pipes Co is engaged in the production and marketing of longitudinally welded steel pipes for pipelines and for construction and commercial purposes. Its other activities include bending, shaping, and threading pipes from the outside and inside, carrying out commercial business such as selling and buying pipes and their accessories, carrying out pipeline extension works, manufacturing pipes, hoses, plastic pipes, their connections and accessories, and manufacturing hollow iron and steel. The company generates the majority of revenue from Saudi Arabia.
72GF Score
Get the complete analysis for SAU:2200
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