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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.
Wataniya Insurance Co (SAU:8300) 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.
Wataniya Insurance Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
15.29
/
18.88
=
0.81
* 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.
Wataniya Insurance Co Graham Number Related Terms
Wataniya Insurance Co Graham Number Historical Data
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The historical data trend for Wataniya Insurance 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:8300 vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, Wataniya Insurance 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.
Wataniya Insurance Co Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Wataniya Insurance Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Wataniya Insurance 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.
Wataniya Insurance Co (SAU:8300) has a Graham Number of ﷼18.88 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Wataniya Insurance Co and its competitors. According to the industry distribution chart, Wataniya Insurance Co ranks #182 out of 423 companies in the Insurance industry, placing it in the top 43%.
Is Wataniya Insurance Co's Graham Number too high?
Wataniya Insurance Co's current Graham Number is ﷼18.88. Based on the distribution chart, Wataniya Insurance Co ranks #182 out of 423 companies in the Insurance industry, which is above the industry midpoint. Overall, Wataniya Insurance Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wataniya Insurance Co's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Wataniya Insurance Co ranks #182 out of 423 companies for Graham Number. This puts Wataniya Insurance Co in the upper half of its industry. The industry median Graham Number is 0.92. 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 Insurance company?
The median Graham Number among Insurance companies is 0.92, based on 423 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 Wataniya Insurance Co and its competitors. For the Insurance industry, the median Graham Number is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wataniya Insurance Co's current Graham Number is ﷼18.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wataniya Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Wataniya Insurance Co (SAU:8300) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼33.21, compared to a current price of ﷼15.29 — trading 54% below its estimated fair value. The current Graham Number is ﷼18.88. Wataniya Insurance Co's overall GF Score™ is 70/100 with 1 warning sign 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 Wataniya Insurance Co (SAU:8300), the current Graham Number is ﷼18.88 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 Wataniya Insurance Co (SAU:8300) Overvalued in 2026?
Based on GuruFocus' analysis, Wataniya Insurance Co stock appears to be undervalued.
The current stock price of ﷼15.29 is trading 54% below its estimated GF Value™ of ﷼33.21.
GuruFocus considers Wataniya Insurance Co to be Significantly Undervalued.
Key valuation signals for SAU:8300:
Graham Number: ﷼18.88
GF Value™: ﷼33.21 vs. price of ﷼15.29 (54% below fair value)
No single metric tells the full story. See the SAU:8300 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wataniya Insurance Co provide general insurance and related services in accordance with its by-laws and applicable regulations in the Kingdom of Saudi Arabia. Its segments include Marine; Property; Motor Comprehensive; Motor Third Party Liability; Engineering; Accident & liability; and Term life. It derives majority of the revenue from Motor Comprehensive segment that provides coverage against damages to vehicles due to storm, tempest, flood, fire, theft, and personal accident.
70GF Score
Get the complete analysis for SAU:8300
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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