Alkhabeer REIT (SAU:4348) Graham Number: ﷼6.58 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SAU:4348 Alkhabeer REIT SAU:4348
60 GF Score
Price ﷼5.64
GF Value ﷼5.93
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Alkhabeer REIT Graham Number?

Alkhabeer REIT SAU:4348 60 Graham Number is ﷼6.58 as of Jun. 2026. GuruFocus rates SAU:4348 with a GF Score™ of 60/100 and a GF Value™ of ﷼5.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 724 REITs companies, Alkhabeer REIT ranks worse than 63.67% 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 (2026-09-02), the stock price of Alkhabeer REIT is ﷼5.64. Alkhabeer REIT's graham number for the quarter that ended in Jun. 2026 was ﷼6.58. Therefore, Alkhabeer REIT's Price to Graham Number ratio for today is 0.86.

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

SAU:4348' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8   Med: 0.93   Max: 1.88
Current: 0.86

During the past 7 years, the highest Price to Graham Number ratio of Alkhabeer REIT was 1.88. The lowest was 0.80. And the median was 0.93.

SAU:4348's Price-to-Graham-Number is ranked worse than
63.67% of 724 companies
in the REITs industry
Industry Median: 0.72 vs SAU:4348: 0.86

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


Alkhabeer REIT  (SAU:4348) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=5.64/6.58
=0.86

* 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.


Alkhabeer REIT Graham Number Related Terms


Alkhabeer REIT Graham Number Historical Data

* Premium members only.

The historical data trend for Alkhabeer REIT'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.

Alkhabeer REIT Graham Number Chart

Alkhabeer REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.00 7.25 6.61 7.02 6.40

Alkhabeer REIT Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 7.72 7.02 5.90 6.59 6.58

SAU:4348 vs VICI, WPC: Graham Number Comparison

For the REIT - Diversified subindustry, Alkhabeer REIT'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.


Alkhabeer REIT Price-to-Graham-Number vs REITs Industry

For the REITs industry and Real Estate sector, Alkhabeer REIT's Price-to-Graham-Number distribution charts can be found below:

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


SAU:4348
60GF Score
Alkhabeer REIT SAU:4348
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alkhabeer REIT Graham Number Calculation

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

Alkhabeer REIT'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*7.262*0.251)
=6.40

Alkhabeer REIT's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*7.181*0.268)
=6.58

* 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 ﷼6.58 mean?
Alkhabeer REIT (SAU:4348) has a Graham Number of ﷼6.58 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Alkhabeer REIT and its competitors. According to the industry distribution chart, Alkhabeer REIT ranks #461 out of 724 companies in the REITs industry, placing it in the top 63.7%.
Is Alkhabeer REIT's Graham Number too high?
Alkhabeer REIT's current Graham Number is ﷼6.58. Based on the distribution chart, Alkhabeer REIT ranks #461 out of 724 companies in the REITs industry, which is below the industry midpoint. Overall, Alkhabeer REIT has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alkhabeer REIT's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Alkhabeer REIT ranks #461 out of 724 companies for Graham Number. This places Alkhabeer REIT in the lower half of its industry. The industry median Graham Number is 0.72. 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 REITs company?
The median Graham Number among REITs companies is 0.72, based on 724 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 Alkhabeer REIT and its competitors. For the REITs industry, the median Graham Number is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkhabeer REIT's current Graham Number is ﷼6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkhabeer REIT stock overvalued right now?
Based on GuruFocus' analysis, Alkhabeer REIT (SAU:4348) is currently considered Fairly Valued. The stock's GF Value™ is ﷼5.93, compared to a current price of ﷼5.64 — trading 4.9% below its estimated fair value. The current Graham Number is ﷼6.58. Alkhabeer REIT's overall GF Score™ is 60/100 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 Alkhabeer REIT (SAU:4348), the current Graham Number is ﷼6.58 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 Alkhabeer REIT (SAU:4348) Overvalued in 2026?

Based on GuruFocus' analysis, Alkhabeer REIT stock appears to be undervalued. The current stock price of ﷼5.64 is trading 4.9% below its estimated GF Value™ of ﷼5.93. GuruFocus considers Alkhabeer REIT to be Fairly Valued.

Key valuation signals for SAU:4348:

  • Graham Number: ﷼6.58
  • GF Value™: ﷼5.93 vs. price of ﷼5.64 (4.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the SAU:4348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alkhabeer REIT Business Description

Industry Real EstateREITs
Address Al-Madina Road, P.O. Box 128289, Jeddah, SAU, 21362
Alkhabeer REIT is a closed-ended real estate investment traded fund. The portfolio of the REIT includes Almalga Residential Complex in Riyadh, Gallery Mall in Tabuk, Palazzo Center, B&Q Retail Company, Ahlan Court, BIN II Plaza, Elite Commercial Center, Elegance Tower, Vision Education Colleges, and others.
60GF Score

Get the complete analysis for SAU:4348

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

﷼5.64
Price
﷼5.93
GF Value