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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:2223'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.05 Med: 1.84 Max: 2.33
Current: 1.8
During the past 8 years, the highest Price to Graham Number ratio of Saudi Aramco Base Oil Co - Luberef was 2.33. The lowest was 1.05. And the median was 1.84.
SAU:2223's Price-to-Graham-Number is ranked worse than 76.39% of 631
companies
in the Oil & Gas industry
Industry Median: 1.11
vs SAU:2223: 1.80
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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 Aramco Base Oil Co - Luberef's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
132.80
/
73.65
=
1.80
* 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 Aramco Base Oil Co - Luberef Graham Number Related Terms
Saudi Aramco Base Oil Co - Luberef 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 Aramco Base Oil Co - Luberef Graham Number Chart
SAU:2223 vs MPC, VLO, PSX: Graham Number Comparison
For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef (SAU:2223) has a Graham Number of ﷼73.65 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Saudi Aramco Base Oil Co - Luberef and its competitors. According to the industry distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #482 out of 631 companies in the Oil & Gas industry, placing it in the top 76.4%.
Is Saudi Aramco Base Oil Co - Luberef's Graham Number too high?
Saudi Aramco Base Oil Co - Luberef's current Graham Number is ﷼73.65. Based on the distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #482 out of 631 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Saudi Aramco Base Oil Co - Luberef has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Aramco Base Oil Co - Luberef's Graham Number compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #482 out of 631 companies for Graham Number. This places Saudi Aramco Base Oil Co - Luberef in the lower half of its industry. The industry median Graham Number is 1.11. 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 Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.11, based on 631 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 Aramco Base Oil Co - Luberef and its competitors. For the Oil & Gas industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Aramco Base Oil Co - Luberef's current Graham Number is ﷼73.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Aramco Base Oil Co - Luberef stock overvalued right now?
Based on GuruFocus' analysis, Saudi Aramco Base Oil Co - Luberef (SAU:2223) is currently considered Fairly Valued. The stock's GF Value™ is ﷼131.40, compared to a current price of ﷼132.80 — trading 1.1% above its estimated fair value. The current Graham Number is ﷼73.65. Saudi Aramco Base Oil Co - Luberef's overall GF Score™ is 61/100 with 6 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 Saudi Aramco Base Oil Co - Luberef (SAU:2223), the current Graham Number is ﷼73.65 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 Saudi Aramco Base Oil Co - Luberef (SAU:2223) Overvalued in 2026?
Based on GuruFocus' analysis, Saudi Aramco Base Oil Co - Luberef stock appears to be overvalued.
The current stock price of ﷼132.80 is trading 1.1% above its estimated GF Value™ of ﷼131.40.
GuruFocus considers Saudi Aramco Base Oil Co - Luberef to be Fairly Valued.
Key valuation signals for SAU:2223:
Graham Number: ﷼73.65
GF Value™: ﷼131.40 vs. price of ﷼132.80 (1.1% above fair value)
No single metric tells the full story. See the SAU:2223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and in purchasing, selling, transporting, marketing, importing and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and other countries. The company derives the majority of its revenue from sales of Base oils in the Kingdom of Saudi Arabia.
61GF Score
Get the complete analysis for SAU:2223
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